Park Hotels & Resorts Overview
- Year Founded
-
2017
- Status
-
Public
- Employees
-
90
- Stock Symbol
-
PK
- Investments
-
1
- Share Price
-
$14.44
- (As of Friday Closing)
Park Hotels & Resorts General Information
Description
Park Hotels & Resorts owns upper-upscale and luxury hotels with 23,428 rooms across 39 hotels in the United States. Park also has interests through joint ventures in another 2,665 rooms in four U.S. hotels. Park was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017, so most of the company's hotels are still under Hilton brands. The company has sold all its international hotels and many of its lower-quality U.S. hotels to focus on high-quality assets in domestic gateway markets.
Contact Information
Website
www.pkhotelsandresorts.comCorporate Office
- 1775 Tysons Boulevard
- 7th Floor
- Tysons, VA 22102
- United States
Corporate Office
- 1775 Tysons Boulevard
- 7th Floor
- Tysons, VA 22102
- United States
Park Hotels & Resorts Timeline
Park Hotels & Resorts Stock Performance
(As of Friday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $14.44 | $14.04 | $11.05 - $18.05 | $3.02B | 209M | 2.75M | $1.46 |
Park Hotels & Resorts Financials Summary
|
In Thousands, USD |
TTM 30-Jun-2024 | FY 2023 31-Dec-2023 | FY 2022 31-Dec-2022 | FY 2021 31-Dec-2021 |
|---|---|---|---|---|
| EV | 7,436,751 | 7,157,751 | 6,546,902 | 8,547,727 |
| Revenue | 2,661,000 | 2,698,000 | 2,501,000 | 1,362,000 |
| EBITDA | 864,000 | 645,000 | 676,000 | 88,000 |
| Net Income | 306,000 | 97,000 | 162,000 | (459,000) |
| Total Assets | 9,166,000 | 9,419,000 | 9,731,000 | 9,743,000 |
| Total Debt | 4,796,000 | 4,713,000 | 4,851,000 | 4,899,000 |
Park Hotels & Resorts Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Park Hotels & Resorts Comparisons
Industry
Financing
Details
Park Hotels & Resorts Competitors (7)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Pebblebrook Hotel Trust | Corporation | Bethesda, MD | ||||
| Host Hotels & Resorts | Corporation | Bethesda, MD | ||||
| Sunstone Hotel Investors | Corporation | Irvine, CA | ||||
| Chatham Lodging Trust | Corporation | West Palm Beach, FL | ||||
| Apple Hospitality REIT | Corporate Backed or Acquired | Richmond, VA |
Park Hotels & Resorts Executive Team (7)
| Name | Title | Board Seat |
|---|---|---|
| Thomas Baltimore Jr. | Chief Executive Officer & Chairman | |
| Sean Dell'Orto | Chief Financial Officer, Finance & Executive Vice President | |
| Darren Robb | Chief Accounting Officer, Accounting & Senior Vice President | |
| Thomas Morey | Executive Vice President & Chief Investment Officer | |
| Joseph Piantedosi | Executive Vice President |
Park Hotels & Resorts Board Members (8)
| Name | Representing | Role | Since |
|---|---|---|---|
| Christie Kelly | Self | Board Member | |
| Patricia Bedient | Self | Board Member | |
| Stephen Sadove | Self | Board Member | |
| Thomas Baltimore Jr. | Park Hotels & Resorts | Chief Executive Officer & Chairman | |
| Thomas Eckert | Self | Board Member |
Park Hotels & Resorts Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Park Hotels & Resorts Acquisitions (1)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Chesapeake Lodging Trust | 18-Sep-2019 | Real Estate Investment Trusts (REITs) |
Park Hotels & Resorts Subsidiaries (2)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| CPI-Sage Hotels Atlanta Owner | Hotels and Resorts | Brookhaven, GA | 2005 |
| Olympia Bally's | Leisure Facilities | Robinsonville, MS |
Park Hotels & Resorts ESG
Risk Overview
Risk Rating
Updated May, 31, 2024
14.12 | Low Risk
Risk Scale
A lower score indicates better sustainability
Negl
0-10
Low
10-20
Med
20-30
High
30-40
Severe
40+
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues
Management
Management is related to actions taken to manage ESG issues
Peers Analysis
Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.
Global
Covered Companies
of 16,009
Rank
Percentile
Real Estate
Industry
of 1,030
Rank
Percentile
REITs
Subindustry
of 427
Rank
Percentile
Park Hotels & Resorts FAQs
-
When was Park Hotels & Resorts founded?
Park Hotels & Resorts was founded in 2017.
-
Who is the CEO of Park Hotels & Resorts?
Thomas Baltimore Jr. is the CEO of Park Hotels & Resorts.
-
Where is Park Hotels & Resorts headquartered?
Park Hotels & Resorts is headquartered in Tysons, VA.
-
What is the size of Park Hotels & Resorts?
Park Hotels & Resorts has 90 total employees.
-
What industry is Park Hotels & Resorts in?
Park Hotels & Resorts’s primary industry is Hotels and Resorts.
-
Is Park Hotels & Resorts a private or public company?
Park Hotels & Resorts is a Public company.
-
What is Park Hotels & Resorts’s stock symbol?
The ticker symbol for Park Hotels & Resorts is PK.
-
What is the current stock price of Park Hotels & Resorts?
As of 04-Oct-2024 the stock price of Park Hotels & Resorts is $14.44.
-
What is the current market cap of Park Hotels & Resorts?
The current market capitalization of Park Hotels & Resorts is $3.02B.
-
What is Park Hotels & Resorts’s current revenue?
The trailing twelve month revenue for Park Hotels & Resorts is $2.66B.
-
Who are Park Hotels & Resorts’s competitors?
Pebblebrook Hotel Trust, Host Hotels & Resorts, Sunstone Hotel Investors, Chatham Lodging Trust, and Apple Hospitality REIT are some of the 7 competitors of Park Hotels & Resorts.
-
What is Park Hotels & Resorts’s annual earnings per share (EPS)?
Park Hotels & Resorts’s EPS for 12 months was $1.46.
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