hotel indigo san diego gaslamp quarter
Park Hotels & Resorts Completes Sale of the Hotel Indigo San Diego Gaslamp Quarter and Courtyard Washington Capitol Hill Navy Yard
Park Hotels & Resorts | July 1, 2021
TYSONS, Va., July 1, 2021 -- Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it has closed on the sale of the 210-room Hotel Indigo San Diego Gaslamp Quarter in San Diego, CA and the 204-room Courtyard Washington Capitol Hill Navy Yard in Washington, DC, for combined gross proceeds of $149 million, or approximately $360,000 per key. When adjusted for Park’s anticipated capital expenditures (“capex”), the sale price represents a 7.0% capitalization rate on 2019 net operating income (7.4% excluding capex), or 12.8x 2019 EBITDA (12.2x excluding capex). Proceeds from the sale will be used to fully repay debt curre...
Integration Partnership Between Crave Interactive and Quore Is Enabling Hotels to Deliver World-Class Digital Hotel Services
Crave Interactive | February 12, 2019
LEED-certified Hotel Indigo® San Diego Gaslamp Quarter is the first to benefit from this joint technology that optimizes response times to guests' requests for personalized service Las Vegas and Franklin, Tenn. – Feb. 12, 2019 – What happens when two of hospitality's top-rated technologies align? It raises the bar on service delivery and sets new industry standards for guest engagement. Today, the world leading developer of cloud-based digital guest service solutions for hotels, Crave Interactive, and housekeeping/engineering management software provider, Quore, are announcing an integration partnership that is taking gu...
