Kyle Bonsey

Kyle Bonsey followed up on the Park Hotels portfolio, specifically asking about the two assets that did not renew their leases and whether Safehold expects to operate, re-lease, or sell them, along with a potential timeline for these actions.

Answer

Chairman and CEO Jay Sugarman confirmed that Hilton remains in place for the assets. He explained that the ongoing litigation would largely dictate the company's options and timeline, stating that while running the assets is not a long-term goal, a final decision on their future would depend on the court process playing out.