Login

Park Hotels Becomes Second Largest Hospitality REIT

Completes Acquisition of Chesapeake Lodging Trust for $2.5 Billion
Le Meridien New Orleans at 333 Poydras St. in New Orleans is one of Park Hotels & Resorts' properties. (Park Hotels & Resorts)
Le Meridien New Orleans at 333 Poydras St. in New Orleans is one of Park Hotels & Resorts' properties. (Park Hotels & Resorts)
By Madison Cromwell
CoStar Research
September 19, 2019 | 9:46 P.M.

Having completed the $2.5 billion acquisition of Chesapeake Lodging Trust, Park Hotels & Resorts has secured a spot as the second-largest publicly-traded hospitality REIT based on market capitalization as of market close on September 18.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE