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Park Hotels & Resorts Inc - Stock Quote PK

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Morningstar's Park Hotels & Resorts Inc Stock Analysis

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Park Hotels Should See Years of Growth as Business Travel Returns to Normal

Kevin Brown, CFA Equity Analyst

Business Strategy and Outlook

| Kevin Brown, CFA |

Park Hotels & Resorts is the second largest U.S. lodging REIT, focusing on the upper-upscale hotel segment. The company was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017. Since the spinoff, the company has sold all the international hotels and 15 lower-quality U.S. hotels to focus on high-quality assets in domestic, gateway markets. Park completed the acquisition of Chesapeake Lodging Trust in September 2019, a complimentary portfolio of 18 high-quality, upper upscale hotels that should help to diversify Park's hotel brands to include Marriott, Hyatt, and IHG hotels.

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Park Hotels & Resorts Inc's Company Profile

Business Description

Park Hotels & Resorts owns upper-upscale and luxury hotels with 27,889 rooms across 48 hotels in the United States. Park also has interests through joint ventures in another 4,297 rooms in seven U.S. hotels. Park was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017, so most of the company's hotels are still under Hilton brands. The company has sold all its international hotels and 15 lower-quality U.S. hotels to focus on high-quality assets in domestic, gateway markets.

Contact
1775 Tysons Boulevard, 7th Floor
Tysons, VA, 22102
T +1 571 302-5757
Industry REIT - Hotel & Motel
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Distressed
Employees 80

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