07:02 AM EST, 11/24/2025 (MT Newswires) -- Park Hotels & Resorts ( PK ) said Monday that the court-appointed receiver completed the sale of the Hilton San Francisco Union Square and Parc 55 San Francisco - a Hilton Hotel properties.

The hotels secured a $725 million non-recourse commercial mortgage-backed security loan and were placed in a court-ordered receivership in October 2023.

"While Park no longer has any economic interest in these assets, with the completion of this sale, Park is now able to remove the legacy items from our financial statements that remained following the transfer of these assets into receivership in 2023," Chief Executive Thomas Baltimore Jr. said.