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Hilton Short Hills — Park disposition
$12,000,000 · $38,217/key
Park sold the 314-room Hilton Short Hills in July 2026 for gross proceeds of $12 million. Harbor uses the first of July rather than inventing a closing day. Harbor PPK is $12 million ÷ 314. Park’s “approximately $27 million” anticipated capex is Park’s narrative, not a second hotel price. Suburban New Jersey — not a Manhattan gateway tape. Buyer unnamed. Embassy Suites Alexandria (JV interest) and the Austin ground-lease reversion stay off this tape.
Park Hotels & Resorts IR, Q2 2026 (July 2026 close; day-of-month not named)