PK

Park Hotels & Resorts Inc. operates as a lodging real estate investment trust (REIT) and stands as one of the largest publicly traded hotel ownership companies in the United States. Headquartered in Tysons, Virginia, the company owns a portfolio of premium-branded and luxury hotels and resorts with significant underlying real estate value. Park's portfolio consists of approximately 40 hotels with over 27,000 rooms across premier urban and resort destinations, primarily operating under flagship brands including Hilton, Marriott, and Hyatt. The company's properties include notable assets such as the Hilton Hawaiian Village Waikiki Beach Resort, one of Hawaii's largest resorts, and prime urban hotels in major gateway markets including New York, San Francisco, and Washington, D.C. Park generates revenue primarily through room rentals, food and beverage operations, and other hotel services, with most properties managed by third-party operators under long-term management agreements. The company was formed in January 2017 following its spin-off from Hilton Worldwide Holdings. Park focuses on owning hotels with strong market positions in high-barrier-to-entry locations, providing diversified exposure to both leisure and business travel demand. The company maintains an asset-light operating model, partnering with leading hotel management companies while concentrating on strategic capital allocation and portfolio optimization to drive long-term shareholder value.