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Park Hotels unloads 3 hotels as it prepares to close Chesapeake Lodging Trust deal

Drew Hansen
Park Hotels unloads 3 hotels as it prepares to close Chesapeake Lodging Trust deal

Tysons-based Park Hotels & Resorts (NYSE: PK) is offloading three hotels for $166 million as it moves toward its acquisition of Chesapeake Lodging Trust. Park deems the three hotels — the 507-room Hilton Atlanta Airport, the 317-room Hilton New Orleans Airport and the 274-room Embassy Suites Parsippany in Parsippany, New Jersey — noncore domestic assets.