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Absorbing Chesapeake Lodging Trust Gives New Owner a Path for 2020 Growth

Park Hotels & Resorts to Sell Some Hotels in Bid to Boost Profits
Park Hotels & Resorts announced plans to sell the 182-room Ace Hotel and Theater Downtown Los Angeles for $117 million. (Ace Hotels)
Park Hotels & Resorts announced plans to sell the 182-room Ace Hotel and Theater Downtown Los Angeles for $117 million. (Ace Hotels)
By Sean McCracken, Hotel News Now
November 8, 2019 | 8:42 P.M.

With stronger-than-average revenue growth and the recent acquisition of Chesapeake Lodging Trust, Park Hotels & Resorts officials said they have plenty of cause for optimism heading into 2020 even if macroeconomic conditions are less than ideal.

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