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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. Our portfolio consists of 67 premium-branded hotels and resorts with over 35,000 rooms located in prime U.S. and international markets with high barriers to entry. Over 85% of our portfolio is in the luxury or upper upscale segment and nearly 90% is located in the U.S., including locations in 14 of the top 25 markets. Over 70% of our 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. Our headquarters are located in McLean, Virginia and our ticker symbol on the New York Stock Exchange is “PK.”

Our Guiding Principles

We strive to be the preeminent lodging REIT, focused on consistently delivering superior, risk-adjusted returns to stockholders through active asset management and a thoughtful external growth strategy while maintaining a strong and flexible balance sheet. These form the three key pillars of our corporate strategy:

Operational Excellence – Active Asset Management

  • Continually improve property level operating performance
  • Consistently implement revenue management initiatives to optimize market pricing and segment mix

Prudent Capital Allocation

  • Allocate capital effectively by leveraging scale, liquidity and M&A expertise to create value throughout all phases of the lodging cycle
  • Employ an active capital recycling program – expanding our presence in target markets with a focus on brand and operator diversification, while reducing exposure to slower growth assets and markets
  • Target value enhancement projects with strong unlevered ROI yields

Strong and Flexible Balance Sheet

  • Preserve a strong and flexible balance sheet with a targeted leverage ratio of 3x to 5x
  • Maintain strong liquidity across the lodging cycle and access to multiple types of financing
  • Work to achieve investment grade rating

Forward-Looking Statements
Statements in this website relating to the Company’s future plans, strategies and expectations are forward-looking statements and are based on the beliefs and assumptions of management of the Company and on information currently available to the Company’s management. Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Forward-looking statements involve known and unknown risks, uncertainties and assumptions. Factors that could cause the Company’s results to differ materially from those expressed in forward-looking statements are included in the section entitled “Risk Factors” of the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission, as updated in the Company’s Quarterly Reports and Current Reports on Forms 10-Q and 8-K, respectively. There may be other risks and uncertainties that the Company is unable to predict at this time or that the Company currently does not expect to have a material adverse effect on the Company’s business. Any such risks could cause the Company’s results to differ materially from those expressed in forward-looking statements. Actual results, performances or achievements may differ materially from those expressed in these forward-looking statements and you should not put undue reliance on any forward-looking statements. The Company does not have any intention or obligation to update any forward-looking statements contained herein.