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Hyatt Herald Square New York debuts


Hyatt Herald Square New York debuts
October 10, 2014
CHICAGO, IL – Hyatt Hotels Corporation and Chesapeake Lodging Trust today announced the opening of Hyatt Herald Square New York.
CHICAGO, IL – Hyatt Hotels Corporation and Chesapeake Lodging Trust today announced the opening of Hyatt Herald Square New York. Ideally located in Midtown Manhattan’s lively Herald Square neighborhood, the 122-room hotel draws on inspiration from the area’s rich publishing history and neighboring Fashion District – both of which serve as inspiration for the hotel’s design, dining, services and amenities.
“Hyatt Herald Square is ideally located in the center of the lively Hyatt Herald Square neighborhood,” said Candice Cancino, general manager, Hyatt Herald Square. “The hotel captures the spirit of this district and inspires guests to explore the best that the area has to offer. We are excited to welcome our first and future guests.” ....

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Park Hotels & Resorts Announces the Sale of the W New Orleans – French Quarter and Provides an Update on Hotel Reopenings and Operating Trends


Home / Top News / Park Hotels & Resorts Announces the Sale of the W New Orleans – French Quarter and Provides an Update on Hotel Reopenings and Operating Trends
Park Hotels & Resorts Announces the Sale of the W New Orleans – French Quarter and Provides an Update on Hotel Reopenings and Operating Trends
TYSONS, Va., April 23, 2021 (GLOBE NEWSWIRE) Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) today announced that it has closed on the sale of the 97-room W New Orleans – French Quarter (the “Hotel”) located in New Orleans, LA, for gross proceeds of approximately $24.1 million, or $249,000 per key. When adjusted for Park’s anticipated capital expenditures (“capex”), the sale price represents a 4.3% capitalization rate on the Hotel’s 2019 net operating income (5.8% excluding capex), or 17.9x the Hotel’s 2019 EBITDA (13.3x excluding capex). Proceeds from the sale will be used to repay debt. ....

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