Park Hotels & Resorts (PK)
Real Estate · Lodging Real Estate Investment Trust (Lodging REIT) · NYSE
Park Hotels & Resorts is a large-cap lodging REIT owning 34 premium-branded hotels and resorts across prime U.S. markets, focused on delivering risk-adjusted returns through active asset management and selective capital deployment.
What Park Hotels & Resorts does
Park Hotels & Resorts Inc. is one of the largest publicly-traded lodging real estate investment trusts (REITs) with a portfolio of 34 premium-branded hotels and resorts comprising approximately 23,000 rooms across prime U.S. markets. The company operates as a traditional umbrella partnership REIT (UPREIT) through its Operating Company, Park Intermediate Holdings LLC, with strategic focus on 21 Core hotels (luxury and upper upscale properties generating approximately 90% of Hotel Adjusted EBITDA). The company generates revenues from room rentals, food and beverage services, ancillary hotel services, and other operations while pursuing operational excellence through active asset management, targeted capital investments, and strategic divestiture of Non-Core properties to optimize portfolio quality and shareholder returns.
Themes: ["lodging REIT / real estate investment trust","luxury and upper-upscale hotels","resort properties","active asset management","capital allocation and portfolio optimization","convention and meeting spaces","Hawaii and destination resorts"]
Fundamentals
- Price$14.14 as of 2026-07-09 close
- Market cap$2.8B as of 2026-07-10
- 1-year return+30.6% as of 2026-07-09 close
- Net margin-8.5% as of 2026-07-10
- Gross margin+65.1% as of 2026-07-10
- ROE-6.6% as of 2026-07-10
- Debt / equity1.24 as of 2026-07-10
- Revenue growth (YoY)-2.2% as of 2026-07-10
- Revenue CAGR (3y)+0.5% SEC XBRL
- Beta1.36 as of 2026-07-10
Dividend: yield +7.1%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Revenue decline of 2.2% YoY and negative net margin of -8.49% indicate operational and profitability challenges in current lodging environment","High debt leverage ($3.8 billion in debt against $3.0 billion in equity) and significant interest expense ($51 million quarterly) limit financial flexibility and create refinancing risks","Dependence on third-party hotel managers and exposure to competitive pressures in prime U.S. markets where guests can choose alternative luxury accommodations"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.