Park Hotels & Resorts Inc

Park Hotels & Resorts Inc. (NYSE: PK) is one of the largest publicly traded lodging real estate investment trusts (REITs), owning a diverse portfolio of 33 premium-branded hotels and resorts with over 22,000 rooms. The portfolio is primarily located in prime city center and resort destinations across the United States, including iconic properties such as the Hilton Hawaiian Village Waikiki Beach Resort, Signia by Hilton Orlando Bonnet Creek, Waldorf Astoria Orlando, New York Hilton Midtown, and Hilton New Orleans Riverside. The company operates through two strategic groupings: a Core portfolio of 20 consolidated hotels focused on group and leisure demand, and a Non-Core portfolio of properties targeted for disposition. Park's properties are managed by major hotel operators under brands including Hilton, Waldorf Astoria, Signia by Hilton, Curio Collection, Hyatt, JW Marriott, and DoubleTree. The company generates revenue from rooms, food and beverage, and ancillary hotel services, with food and beverage representing approximately one-third of total hotel revenues. Park is actively executing a capital recycling strategy, selling Non-Core assets while reinvesting in high-return renovation projects at its Core properties. Updated Apr 30, 2026