Park Hotels & Resorts
Mclean
About Park Hotels & Resorts
Park Hotels & Resorts Inc. is one of the largest publicly-traded lodging real estate investment trusts (REIT) comprised of a geographically diverse portfolio of hotels and resorts with significant underlying real estate value. Their portfolio consists of 52 premium-branded hotels and resorts with over 30,000 rooms located in prime U.S. and international markets with high barriers to entry. Over 85% of their portfolio is in the luxury or upper upscale segment and over 95% is located in the U.S., including locations in 14 of the top 25 markets. Over 70% of their portfolio is located in the central business districts of major cities or resort or conference destinations. Park was established as an independent company on January 3, 2017, following its spin-off from Hilton. Their headquarters are located in Tysons, Virginia and their ticker symbol on the New York Stock Exchange is “PK.”
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Public
- Employees: 51 – 100
- Estimated revenue: $1M – $10M
- Total funding: $1.5B
- Funding stage: IPO
- Last round: Post-IPO Debt (May 2024)
- Ticker: nyse:PK
- Website: pkhotelsandresorts.com
- Phone: (571) 302-5757
Industries & Categories
Hospitality
Social Profiles
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