Park Hotels plans to sell up to $400 million in hotels, spend up to $330 million for renovations

By bhhsbowen February 20, 2025 CoStar News 0 comments

The Royal Palm South Beach Miami, a Tribute Portfolio Resort, will close in the second half of 2025 for a $100 million renovation and repositioning. (CoStar)
REIT executives say 2025 is a year to refocus portfolio