Park Hotels & Resorts Inc.’s $460 Million Secondary Offering


Simpson Thacher represented certain entities affiliated with The Blackstone Group L.P. in connection with their $460 million in secondary sales of 16,830,000 shares of common stock of Park Hotels & Resorts Inc.

The shares were offered and sold directly to investors in privately negotiated transactions pursuant to Park Hotels’ effective shelf registration statement.

Park Hotels & Resorts Inc. (NYSE: PK) is one of the largest publicly traded lodging real estate investment trusts with a diverse portfolio of market-leading hotels and resorts. Park Hotels’ portfolio currently consists of 67 premium-branded hotels and resorts with over 35,000 rooms located in prime U.S. and international markets.

The Simpson Thacher team included Edgar Lewandowski (Picture) (Capital Markets – NY); Joshua Ford Bonnie, Jonathan Pacheco and Natalie Karam (Capital Markets – D.C.); John Hart, Andrew Purcell and Christopher Murray (Tax); Brian Stadler (M&A); Jonathan Lindabury (Derivatives); Jennifer Levitt, Jacob Agi and Mimi Cheng (Credit); and James Rapp (Public Company Advisory Practice).

Involved fees earner: Edgar Lewandowski – Simpson Thacher & Bartlett; Joshua Ford Bonnie – Simpson Thacher & Bartlett; Jonathan Pacheco – Simpson Thacher & Bartlett; Natalie Karam – Simpson Thacher & Bartlett; James Rapp – Simpson Thacher & Bartlett; John Hart – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; Christopher Murray – Simpson Thacher & Bartlett; Brian Stadler – Simpson Thacher & Bartlett; Jonathan Lindabury – Simpson Thacher & Bartlett; Jennifer Levitt – Simpson Thacher & Bartlett; Jacob Agi – Simpson Thacher & Bartlett; Mimi Cheng – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Blackstone;

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Author: Ambrogio Visconti