During the six months ended June 30, 2026, we sold the two consolidated Non-Core hotels listed in the table below and received total gross proceeds of approximately $31 million. We recognized a net loss of approximately $3 million, which is included in (loss) gain on sales of assets, net in our condensed consolidated statements of operations.

Hotel

Location

Month Sold

Hilton Checkers Los Angeles

Los Angeles, California

January 2026

Hilton Seattle Airport & Conference Center

Seattle, Washington

April 2026

In May 2026, we sold our ownership interest in the unconsolidated joint venture that owns and operates the Embassy Suites by Hilton Alexandria Old Town for gross proceeds of $29 million, which was reduced by $25 million for our share of the mortgage debt in the joint venture. We recognized a net gain of approximately $4 million, which is included in other gain (loss), net in our condensed consolidated statements of operations.

Additionally, in June 2026, the ground lease for the Embassy Suites by Hilton Austin Downtown South Congress was terminated pursuant to an agreement, and the property reverted to the ground lessor. We received an early termination fee of approximately $6 million, which is included in other gain (loss), net in our condensed consolidated statements of operations. In addition, we sold all personal property and business assets of the hotel to the ground lessor and recognized a loss of approximately $1 million, which is included in (loss) gain on sales of assets, net in our condensed consolidated statements of operations.

In May 2025, we sold the Hyatt Centric Fisherman’s Wharf for gross proceeds of $80 million. We recognized a net gain of approximately $1 million, which is included in (loss) gain on sales of assets, net in our condensed consolidated statements of operations.

In June 2026, we entered into a definitive agreement to sell the Hilton Short Hills, one of our Non-Core hotels, which was subsequently sold in July 2026 for gross proceeds of $12 million.


	(in millions)
Assets:
Property and equipment, net	$	11
Accounts receivable, net of allowance for doubtful accounts	1
Prepaid expenses	1
Total Assets Held for Sale	$	13

Liabilities held for sale related to this hotel were approximately $1 million as of June 30, 2026, which is included in other liabilities in our condensed consolidated balance sheets.