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Park Hotels Exits 245-Room Sonoma Wine Country DoubleTree as Ground Lease Expires
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Park Hotels Exits 245-Room Sonoma Wine Country DoubleTree as Ground Lease Expires
REIT abandons property amid portfolio restructuring focused on high-performing resort markets Park Hotels & Resorts is leaving California’s wine country, exiting its 245-room DoubleTree Hotel Sonoma Wine Country by year-end as part of a strategic retreat from underperforming properties with expiring ground leases. The Tysons, Virginia-based lodging REIT announced the departure on December 9 alongside […] The post Park Hotels Exits 245-Room Sonom…
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