Park Hotels repays $1.275B HHV Mortgage Loan using $700M Bonnet Creek loan, $600M term-loan draw

Park Hotels & Resorts Inc.

Park Hotels repaid in full the $1.275B outstanding HHV Mortgage Loan secured by Hilton Hawaiian Village Waikiki Beach Resort, terminating the loan agreement dated October 24, 2016.
Repayment funded with proceeds from a previously disclosed $700M delayed-draw Bonnet Creek mortgage financing plus a $600M draw on the previously disclosed unsecured delayed-draw term loan facility.
The HHV loan had a scheduled maturity of November 1, 2026; the payoff occurred September 30, 2026, roughly one month ahead of that date.
Combined new funding of $1.3B slightly exceeds the $1.275B repaid, shifting the Hawaiian Village asset from secured mortgage debt to Bonnet Creek mortgage and unsecured term-loan obligations.

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