Park Hotels stops payments on $725M CMBS loan, plans to cut San Francisco exposure


Embarcadero San Francisco

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Update: Adds analyst comments, updates shares.

Park Hotels & Resorts (NYSE:PK) said Monday it stopped making payments toward the $725M non-recourse CMBS loan starting this month, sending its stock 2% higher in morning trade.

The loan, which is scheduled to mature in November, is

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