Park’s portfolio currently consists of 57 premium-branded hotels and resorts with over 32,000 rooms primarily located in prime city center and resort locations. Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Baltimore, Jr., Chairman and Chief Executive Officer of Park. ![]() The sale of these two hotels represents our ongoing commitment to reduce net leverage and better position our portfolio for long-term, sustainable growth,” commented Thomas J. ![]() Year to date, we have sold three hotels for total proceeds of $173.1 million, or 13.5x 2019 EBITDA, on a gross basis. “I am very pleased with the progress we have made towards our targeted goal of $300 million to $400 million of asset sales in 2021. Hotel Indigo Gaslamp Quarter, an IHG Hotel is in Downtown San Diego, a short 4-minute walk from Park and Market Trolley Station and 3 minutes walk from Petco Park. Proceeds from the sale will be used to fully repay debt currently outstanding on the Company’s revolving credit facility and partially repay debt currently outstanding on its one remaining bank term loan. View deals for Hotel Indigo Gaslamp Quarter, an IHG Hotel, including fully refundable rates with free cancellation. When adjusted for Park’s anticipated capital expenditures (“capex”), the sale price represents a 7.0% capitalization rate on 2019 net operating income (7.4% excluding capex), or 12.8x 2019 EBITDA (12.2x excluding capex). (NYSE: PK) today announced that it has closed on the sale of the 210-room Hotel Indigo San Diego Gaslamp Quarter in San Diego, CA and the 204-room Courtyard Washington Capitol Hill Navy Yard in Washington, DC, for combined gross proceeds of $149 million, or approximately $360,000 per key. The personnel at the hotel speaks English, German, Spanish, Portuguese, Greek, Bosnian, Croatian, Serbian, Tagalog / Filipino, Vietnamese.TYSONS, Va., J(GLOBE NEWSWIRE) - Park Hotels & Resorts Inc. Note: To add/edit portfolio details, please navigate through the Advanced Editing visible in the ribbon at the top. Private parking is possible on site at USD 58 per day. Wireless internet is available in the hotel rooms for free. A well-appointed business center with conference equipment and a work desk are available for those traveling for business. This San Diego hotel has a fitness center. The hotel offers a full breakfast at the price of US$25 per person per day. The pet-friendly accommodation features Table 509, a casual restaurant. Eat & DrinkĪ cooked-to-order breakfast is served every morning in the restaurant at Indigo Gaslamp Quarter San Diego. The beautiful bathrooms come with hair dryers and free toiletries. Some guest rooms offer a beautiful decor and views of the park. RoomsĪlong with a flat-screen TV with satellite channels, the non-smoking units offer tea and coffee making equipment, and private bathrooms with a walk-in shower and a separate toilet. Thanks to a location at the side of a trolley bus stop, this hotel is well-connected with other parts of San Diego. There is the Waterfront Embarcadero Marina Public Park South only 0.8 miles away, while The Transit Store bus station at a medium distance from Hotel Indigo Gaslamp Quarter. Additionally, convention centers are situated steps away from the intimate modern property. The Indigo Gaslamp Quarter is near a zoo, local pubs and different restaurants, and steps from Petco Park Stadium. The 4-star smoke free hotel is set near mountains and parks with the view of Petco Park. Hotel Indigo San Diego - Gaslamp Quarter, An Ihg Hotel 샌디에이고 サンディエゴ Hotel Indigo San Diego - Gaslamp Quarter, An Ihg Hotel Hotel Indigo San Diego - Gaslamp Quarter, An Ihg Hotel סן דייגו Hotel Indigo San Diego - Gaslamp Quarter, An Ihg Hotel San Diego (Mexico) Hotel Indigo San Diego - Gaslamp Quarter, An Ihg Hotel San Diego (Canada) Hotel Indigo San Diego - Gaslamp Quarter, An Ihg Hotel San Diego
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