Among the 14 hotel properties sold by Park Hotels & Resorts in the past year was the Embassy Suites by Hilton Atlanta Perimeter Center. Among the 14 hotel properties sold by Park Hotels & Resorts in the past year was the Embassy Suites by Hilton Atlanta Perimeter Center.

PHOENIX—Park Hotels & Resorts Inc. reports it has sold its 563-room Pointe Hilton Squaw Peak Resort here for $51.4 million.

The deal marks the 14th hotel property sold by the McLean, VA-based REIT in the past year as part of its ongoing program of recycling non-core assets. The Pointe Hilton Squaw Peak Resort transaction calculates out to $91,200 per key before closing costs. The identity of the buyer was not disclosed.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.