Park Hotels & Resorts Inc.
0KFU.L
London Stock Exchange13.90
USD
-0.55
- -
Park Hotels & Resorts Inc.
0KFU.L
(London Stock Exchange)
Recent
price
13.90
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Park Hotels & Resorts Inc. (NYSE: PK; LSE: 0KFU) operates as a leading lodging real estate investment trust (REIT) that owns and operates a diversified portfolio of premium-branded hotels and resorts, primarily in the luxury and upper-upscale segments; its properties include over 38 hotels and resorts with approximately 24,000 rooms, featuring accommodations, food and beverage services, meeting and event spaces, recreational amenities such as pools, spas and golf courses, and other ancillary offerings like revenue management and sales services; notable properties encompass Hilton Hawaiian Village Waikiki Beach Resort in Honolulu, Hilton Waikoloa Village in Hawaii, New York Hilton Midtown in Manhattan, Waldorf Astoria Orlando, Hilton Orlando Lake Buena Vista, Hilton New Orleans Riverside, Caribe Hilton in San Juan Puerto Rico, JW Marriott San Francisco Union Square, Hilton Chicago, and others concentrated in prime U.S. city centers, resorts and conference destinations across markets including Hawaii, Orlando, New York, New Orleans, Boston, Southern California, Key West, Chicago, Washington D.C., Denver, Miami, Seattle and San Francisco, with brands primarily affiliated with Hilton such as Hilton Hotels & Resorts, DoubleTree, Embassy Suites, Curio Collection and Waldorf Astoria alongside select Marriott, Hyatt and independent franchises. Founded in 2017 through a spin-off from Hilton Worldwide and headquartered in Tysons, Virginia (also referenced as McLean, VA), the company targets business travelers, leisure guests, group bookings and event attendees in the U.S. hospitality sector, with nearly 90% of its portfolio in top markets and over 70% in central business districts or resort/conference areas. Recent developments include the September 2025 amendment of its credit agreement to expand the senior unsecured revolving credit facility to $1 billion maturing in September 2029 and add an $800 million senior unsecured delayed draw term loan maturing in January 2030; the permanent closure and ground lease termination of Embassy Suites Kansas City Plaza in September 2025; ongoing major renovations launched in 2025 such as the $103 million full property overhaul at Royal Palm South Beach Miami (adding 11 rooms for a projected 15-20% ROI, reopening June 2026), second-phase upgrades at Rainbow Tower (Hilton Hawaiian Village) and Palace Tower (Hilton Waikoloa Village) in Hawaii, and guestroom renovations at Hilton New Orleans Riverside, with total 2025 capital expenditures guided at $280-300 million; projected sale by court-appointed receiver of Hilton San Francisco Union Square and Parc 55 San Francisco by November 21, 2025, assuming the related $725 million non-recourse CMBS loan; and achievement of an 87/100 score in the 2025 GRESB assessment, ranking second among U.S.-listed hotel peers.