Park Hotels & Resorts Inc PK

Morningstar Rating
$14.36 +0.44 (3.16%)
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Company Report

After a Small Decline in Hotel EBITDA in 2025, Park Hotels Should See Modest Growth in 2026

Park Hotels & Resorts is the second-largest US lodging REIT, focusing on the upper-upscale hotel segment. The company was spun out of Hilton Worldwide Holdings at the start of 2017. Since then, it has sold all its international hotels and 27 lower-quality US hotels to focus on high-quality assets in domestic and gateway markets. Park completed the acquisition of Chesapeake Lodging Trust in September 2019; this complementary portfolio of 18 high-quality upper-upscale hotels has diversified Park's hotel brands to include Marriott, Hyatt, and IHG brands.

Price vs Fair Value

PK is trading at a 132% premium.
Price
$14.36
Fair Value
$63.90
Uncertainty
Ckzpj
1-Star Price
$86.71
5-Star Price
$94.50
Economic Moat
Cww
Capital Allocation
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Bulls Say, Bears Say

Bulls

Potentially accelerating economic growth may prolong a robust hotel cycle and benefit Park’s portfolio and performance.

Bears

Significant new supply throughout several of Park’s core markets and a rising interest rate environment will pressure the firm’s performance and valuation.

News

Trading Information

Previous Close Price
$13.92
Day Range
$13.9714.37
52-Week Range
$9.8414.54
Bid/Ask
$14.37 / $14.49
Shares Outstanding
201.36M
Market Cap
$2.89B
Volume/Avg
2,716 / 4M

Key Statistics

Price/Earnings (Normalized)
78.66
Price/Sales
1.11
Dividend Yield (Trailing)
7.07%
Dividend Yield (Forward)
7.07%
Total Yield
6.96%

Company Profile

Park Hotels & Resorts owns upper-upscale and luxury hotels, with 21,042 rooms across 33 hotels in the United States. Park also has interests through joint ventures in another 1,712 rooms in two US hotels. Park was spun out of Hilton Worldwide Holdings at the start of 2017, so most of its hotels are still under the Hilton brand. The company has sold all its international hotels and many of its lower-quality US hotels to focus on high-quality assets in domestic gateway markets.
Sector
Real Estate
Industry
REIT - Hotel & Motel
Stock Style Box
Small Value
Total Number of Employees
90

Competitors

Valuation

Metric
PK
HST
PEB
Price/Earnings (Normalized)
78.6623.79
Price/Book Value
0.922.460.79
Price/Sales
1.112.751.32
Price/Cash Flow
7.9311.697.59
Price/Earnings
PK
HST
PEB

Financial Strength

Metric
PK
HST
PEB
Quick Ratio
0.791.560.33
Current Ratio
1.051.690.34
Interest Coverage
0.165.430.61
Quick Ratio
PK
HST
PEB

Profitability

Metric
PK
HST
PEB
Return on Assets (Normalized)
−0.31%6.87%−0.07%
Return on Equity (Normalized)
−0.80%13.43%−0.16%
Return on Invested Capital (Normalized)
2.13%8.71%1.44%
Return on Assets
PK
HST
PEB

REIT - Hotel & Motel Industry Comparables

1-Day Chart
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Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
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DRH
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Pebblebrook Hotel Trust
PEB
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Xenia Hotels & Resorts Inc
XHR
Hfc$2B
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RLJ
Hcld$2B

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