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Park Hotels & Resorts sells 2 properties for $208M

Lodging real estate investment trust Park Hotels & Resorts Inc. sold two properties in Washington, D.C., and São Paulo.

The company sold the 197-room Embassy Suites by Hilton Washington DC Georgetown for $90.4 million and the 503-room Hilton São Paulo Morumbi for $117.5 million.

The REIT noted that it officially exited from the international markets following the sale of the São Paulo asset.