Park Hotels & Resorts Inc. ("Park") (NYSE:PK) today announced that it has successfully repaid the $1.275 billion CMBS loan secured by the Hilton Hawaiian Village Waikiki Beach Resort ("HHV Mortgage Loan"). The repayment was funded with proceeds from Park's $700 million delayed-draw Bonnet Creek mortgage financing and a $600 million draw from its delayed-draw term loan facility. The HHV Mortgage Loan was scheduled to mature on November 1, 2026. Following the transaction, Park has extended its weighted-average debt maturity by approximately 1.5 years to 3.1 years (including all extension options), with less than 11% of its total debt maturing through 2027.