Park Hotels & Resorts Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Thomas Jeremiah Baltimore Jr.
- Full Time Employees
- 90
- Sector
- Real Estate
- Industry
- REIT - Hotel & Motel
- Address
- 1775 Tysons Boulevard Tysons VA United States of America 22102
- IPO Date
- Jan 4, 2017
- CIK
- 0001617406
- Website
- pkhotelsandresorts.com
- Similar Companies
- Business
- Park Hotels & Resorts Inc. is a lodging real estate investment trust (REIT) specializing in owning and managing a portfolio of approximately 67 premium-branded hotels and resorts with over 35,000 rooms located primarily in prime city center and resort locations across the United States and select international markets. Its portfolio includes luxury and upper-upscale hotels under globally recognized brands such as Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hilton Garden Inn, Hampton Inn & Suites, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations. Core products and services include hotel room rentals for business and leisure travelers; food and beverage services through restaurants, bars, cafes, and in-room dining; meeting and event spaces equipped for conferences, weddings, and corporate events; and recreational amenities including swimming pools, fitness centers, spas, and golf courses. Founded in 2017 with headquarters in McLean, Virginia, Park Hotels & Resorts operates primarily in the lodging real estate sector with a focus on owning iconic and market-leading hotel assets with significant underlying real estate value. The company generates revenue through hotel ownership, leasing, and strategic asset management, emphasizing high-quality operations and portfolio optimization. Recent major company changes include strategic disposals of non-core assets, such as the sale of three hotels in 2024 generating over $200 million, along with the permanent closure and ground lease termination of the Hilton Oakland Airport property. The company reinvested nearly $230 million in capital improvements in 2024, with transformational renovation projects underway, such as a $100 million renovation at Royal Palm South Beach Miami and extensive guestroom renovations and room conversions at Hilton Hawaiian Village Waikiki Beach Resort and Hilton Waikoloa Village. Notably, the Waldorf Astoria Orlando completed a $220 million expansion and renovation in early 2024, contributing to the company’s market position. Park Hotels & Resorts continues to execute on a disciplined asset repositioning strategy, returning over $400 million of capital to shareholders via stock repurchases and addressing debt maturities, signaling strong financial management and portfolio enhancement initiatives for 2025 and beyond. This portfolio and operational approach position Park Hotels & Resorts as a leading lodging REIT with focused exposure to the luxury and upper-upscale segments in key urban and resort destinations primarily within the United States. Its subsidiaries include entities managing property ownership and real estate development functions. The company maintains a strategic emphasis on operational excellence, revenue management, and guest experience enhancements.
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