Park Hotels & Resorts (NYSE:PK) is a real estate investment trust (REIT) focused on owning, operating and investing in premium hotel properties. The company, which began trading separately in October 2017 following a spin-off from Hilton Worldwide, maintains a portfolio of upper upscale and luxury hotels and resorts. Park Hotels & Resorts leverages its status as a publicly traded REIT to generate income through property operations, selective development and strategic acquisitions and dispositions.
The company’s portfolio encompasses a diverse range of hospitality assets, including city-center hotels, resort destinations and conference-oriented properties. Many of its hotels operate under well-known brands such as Hilton, Conrad, Canopy and Curio, while others are managed through third-party agreements or maintained as independent boutique properties. Park Hotels & Resorts focuses on enhancing guest experiences through capital improvements, brand repositionings and operational efficiencies.
Geographically, Park Hotels & Resorts has a presence across key domestic and international markets. Its properties span major U.S. gateway cities, resort hotspots in Florida, Hawaii and the Caribbean, and select European business and leisure destinations. This geographic diversification allows the company to capture demand from leisure travelers, corporate groups and international guests.
Under the leadership of President and Chief Executive Officer Thomas J. Baltimore Jr., Park Hotels & Resorts pursues a strategy of disciplined capital allocation and active portfolio management. The company’s management team blends extensive hospitality experience with a focus on sustainable practices and guest satisfaction. Through ongoing asset enhancements and selective growth initiatives, Park Hotels & Resorts aims to build long-term value for its shareholders.
