Park Hotels & Resorts announced it has fully repaid and terminated its $1.275 billion mortgage loan secured by the Hilton Hawaiian Village Waikiki Beach Resort. The repayment was made ahead of the loan's scheduled maturity date of November 1, 2026, using proceeds from two separate financing facilities.
Key Details
- Loan Repayment: The company repaid the full outstanding balance of $1.275 billion on September 30, 2026.
- Funding Sources: The repayment was funded by a $700 million draw from a mortgage financing facility and a $600 million draw from an unsecured term loan facility.
- Terminated Agreement: The action terminates the HHV Mortgage Loan, originally dated October 24, 2016, which was scheduled to mature on November 1, 2026.