Park Hotels & Resorts Inc. is a publicly traded real estate investment trust (REIT) specializing in luxury and upper-upscale hospitality properties. The company’s primary business activity involves owning and leasing premier hotels and resorts across major urban and resort destinations. Through long-term management and franchise agreements with leading hotel operators, Park generates revenue from room nights, food and beverage offerings, meetings and events, and ancillary services.
Since its spin-off from Hilton Worldwide in January 2017, Park Hotels & Resorts has assembled a diversified portfolio of more than 60 properties. These assets are located in gateway markets such as New York City, San Francisco, Chicago and Washington, D.C., as well as high-barrier resort destinations including Hawaii, Florida and Las Vegas. The company’s strategy focuses on accretive acquisitions, selective dispositions of non-core assets and disciplined capital allocation to enhance total returns for shareholders.
Headquartered in Tysons, Virginia, Park Hotels & Resorts is led by President and Chief Executive Officer Thomas J. Baltimore, who brings decades of experience in real estate and hospitality to the role. Under his leadership, the company has pursued balance-sheet optimization, operational excellence and sustainability initiatives aimed at improving guest experience and driving long-term value. Park’s management team continues to evaluate growth opportunities in key global markets while maintaining a strong commitment to corporate governance and responsible investing.
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