Park Hotels sells Hyatt Centric Fisherman's Wharf for $80M to improve overall portfolio quality.

From Nasdaq: 2025-05-23 16:10:00

Park Hotels & Resorts, Inc. sold the 316-room Hyatt Centric Fisherman’s Wharf in San Francisco for $80 million, representing a 64.0 times multiple of the hotel’s 2024 EBITDA. This sale is part of their strategy to dispose of $300 million to $400 million of non-core assets in 2025, improving their overall portfolio quality.

Since 2017, Park Hotels has sold or disposed of 46 hotels for over $3 billion, enhancing long-term growth and shareholder returns. Despite recent declines in share price, the company’s strategic capital-deployment efforts demonstrate prudent capital management practices for future growth and development activities.

Consider investing in CareTrust REIT (CTRE) and Uniti Group (UNIT), both ranked #2 (Buy). CTRE’s 2025 FFO per share estimate is $1.79, indicating 19.3% growth, while UNIT’s estimate is $1.50, showing an 11.1% increase. These stocks are part of Zacks Rank #1 Strong Buys list, known for outperforming the market.

Experts have identified 7 elite stocks with potential for early price pops from the Zacks Rank #1 Strong Buys list. Since 1988, this list has outperformed the market with an average annual gain of +23.0%. Download the free report for the latest stock recommendations and consider these hand-picked selections for potential growth and returns.



Read more at Nasdaq: Park Hotels Announces $80M Sale of Hyatt Centric Fisherman’s Wharf