Newbond Holdings and Conversant Capital LLC completed the acquisition of 1,921 room Hilton Union Square and 1,024 room Parc 55 from Park Hotels & Resorts Inc. (NYSE:PK).
Newbond Holdings, The Witkoff Group LLC and Conversant Capital LLC agreed to acquire 1,921 room Hilton Union Square and 1,024 room Parc 55 from Park Hotels & Resorts Inc. (NYSE:PK) on August 13, 2025.
The Witkoff Group LLC cancelled the acquisition of 1,921 room Hilton Union Square and 1,024 room Parc 55 from Park Hotels & Resorts Inc. (NYSE:PK) on September 8, 2025
Newbond Holdings and Conversant Capital LLC completed the acquisition of 1,921 room Hilton Union Square and 1,024 room Parc 55 from Park Hotels & Resorts Inc. (NYSE:PK) on November 24, 2025.
Park Hotels & Resorts Inc. is a lodging real estate investment trust (REIT). The Company has a diverse portfolio of hotels and resorts with significant underlying real estate value. Its portfolio consists of 43 premium-branded hotels and resorts with over 26,000 rooms, located in prime United States markets. The Company has two operating segments: consolidated hotels and unconsolidated hotels. Approximately 86% of its rooms are luxury and upper upscale and all of its rooms are located in the United States and its territories. Its portfolio includes hotels in urban and convention areas, such as New York City, Washington, D.C., Chicago, Boston, New Orleans and Denver; and premier resorts in key leisure destinations, including Hawaii, Orlando, Key West and Miami Beach; as well as hotels in select airport and suburban locations. Its brands include Hilton Hotels & Resorts, DoubleTree by Hilton, Signia by Hilton, Hyatt Regency, and others.
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Newbond Holdings and Conversant Capital LLC completed the acquisition of 1,921 room Hilton Union Square and 1,024 room Parc 55 from Park Hotels & Resorts Inc. (NYSE: PK).
