Park Hotels & Resorts Inc
PK
Park Hotels & Resorts Inc. is one of the largest publicly-traded lodging real estate investment trusts (REIT) comprised of a geographically diverse portfolio of hotels and resorts with significant underlying real estate value. Our portfolio consists of 53 premium-branded hotels and resorts with approximately 32,000 rooms located in prime U.S. markets with high barriers to entry. Over 85% of our portfolio is in the luxury or upper upscale segment and 100% is located in the U.S., including locations in 14 of the top 25 markets. Nearly 80% of our portfolio is located in the central business districts of major cities or resort or conference destinations. We affiliate with leading brands such as Hilton, Marriott and Hyatt, and we partner with both brand and third-party operators.
Park was established as an independent company on January 3, 2017, following its spin-off from Hilton. On September 18, 2019, Park acquired Chesapeake Lodging Trust, adding premium-branded hotels and resorts located in prime markets such as San Francisco, Boston, Miami and Los Angeles.
We strive to be the preeminent lodging REIT, focused on consistently delivering superior, risk-adjusted returns to stockholders through active asset management and a thoughtful external growth strategy while maintaining a strong and flexible balance sheet.
$13.56
-$0.01 (-0.074%)Jul 1
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About Park Hotels & Resorts Inc
Park Hotels & Resorts Inc. is one of the largest publicly-traded lodging real estate investment trusts (REIT) comprised of a geographically diverse portfolio of hotels and resorts with significant underlying real estate value. Our portfolio consists of 53 premium-branded hotels and resorts with approximately 32,000 rooms located in prime U.S. markets with high barriers to entry. Over 85% of our portfolio is in the luxury or upper upscale segment and 100% is located in the U.S., including locations in 14 of the top 25 markets. Nearly 80% of our portfolio is located in the central business districts of major cities or resort or conference destinations. We affiliate with leading brands such as Hilton, Marriott and Hyatt, and we partner with both brand and third-party operators.
Park was established as an independent company on January 3, 2017, following its spin-off from Hilton. On September 18, 2019, Park acquired Chesapeake Lodging Trust, adding premium-branded hotels and resorts located in prime markets such as San Francisco, Boston, Miami and Los Angeles.
We strive to be the preeminent lodging REIT, focused on consistently delivering superior, risk-adjusted returns to stockholders through active asset management and a thoughtful external growth strategy while maintaining a strong and flexible balance sheet.
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