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Park Hotels & Resorts believes corporate responsibility is key to supporting our company’s guiding principles. As one of the largest publicly-traded lodging real estate investment trusts (REITs) comprised of a geographically diverse portfolio of hotels and resorts, it is vital for us to consider both our environmental and social impact and take the necessary steps to manage our risks. We strive to incorporate corporate responsibility into all that we do, including the implementation of environmental and social programs and the development and execution of sustainable investment strategies.

We proudly announce that Park Hotels and Resorts has won the prestigious 2024 ENERGY STAR Partner of the Year award for Energy Management, demonstrating excellence in improving the energy performance of our hotels through our corporate-wide, portfolio-based energy program. Please join us in celebrating.

2024 ENERGY STAR Partner of the Year award

Environmental

Existing Portfolio

Through our Green Park program, we are committed to enhancing and incorporating sustainability into our investment and asset management strategies, with a focus on minimizing our environmental impact. During the ownership of our hotel properties, we seek to invest in proven sustainability practices in our redevelopment, renovation and other capital projects that can enhance asset value while also improving environmental performance. We target specific environmental efficiency enhancements, equipment upgrades and replacements that reduce energy and water consumption.

2023 ENERGY STAR CERTIFICATION HIGHLIGHTS

2023 ENERGY STAR® Certification: Casa Marina Key West, Curio Collection

Casa Marina Key West has maintained consistent energy efficient operations and has been certified for the second year in a row. The hotel identified and prioritized energy efficiency opportunities via an ASHRAE Level II audit including a cooling tower refurbishment to maintain building conditions and optimal efficiency and HVAC improvements to improve cooling efficiency. The hotel has low wattage LED lighting throughout, uses an analytics platform to monitor and reduce energy usage, and leverages its building management system (BMS) to reduce equipment use. Additionally, the property captures rainwater for irrigation, significantly reducing additional energy and water consumption associated with landscape maintenance.

2023 ENERGY STAR CERTIFICATION HIGHLIGHTS

2023 ENERGY STAR® Certification: Hilton Hawaiian Village Waikiki Beach Resort

The Hilton Hawaiian Village is one of the largest hotels in the world and the property focuses on implementing operational initiatives that both increase efficiency and preserve the environment. Energy efficiency opportunities implemented over the last year include a chiller overhaul, conversion to 100% LED lighting, upgrades in freezer motors, high efficiency motors in guest rooms, and a cooling tower refurbishment which improved energy usage, reduced greenhouse gas emissions, and enhanced guest comfort. The resort also recently underwent a comprehensive building system and operations data analysis and testing to identify existing building performance issues and opportunities for improvement in operations and energy management practices, and is committed to making further efficiency gains and reducing emissions and water usage.

2023 ENERGY STAR CERTIFICATION HIGHLIGHTS

2023 Energy Star Certification: Hyatt Regency Boston

The Hyatt Regency Boston consistently implements efficiency and environmental initiatives, leading to the property’s eighth ENERGY STAR certification. The hotel has low wattage LED lighting throughout, uses an analytics platform to monitor and reduce energy usage, and leverages its building management system (BMS) to reduce equipment use. Over the last 12 months, the hotel also had a building window replacement which contributes to a more efficient building envelope and sprinkler system improvements which save water and energy. The hotel operations team continues to integrate daily efficiency best practices with an efficiency checklist which increases team member energy and water use awareness.

2023 ENERGY STAR CERTIFICATION HIGHLIGHTS

2023 ENERGY STAR® Certification: DoubleTree by Hilton Mission Valley

DoubleTree Mission Valley has maintained consistent energy efficient operations and has been certified for the second year in a row. The property energy management team continues to prioritize saving energy by monitoring and optimizing heating, ventilation, and air conditioning (HVAC) and electrical systems through a building management system (BMS), and through operational best practices including regularly turning off lights and adjusting thermostat settings in unoccupied areas.

2023 ENERGY STAR CERTIFICATION HIGHLIGHTS

2023 ENERGY STAR® Certification: Doubletree By Hilton San Jose

To achieve superior energy performance, the DoubleTree San Jose has invested in a variety of strong energy efficiency initiatives. Over the last five years, the hotel has improved building heating, ventilation and cooling (“HVAC”) efficiency through a new chiller installation with added variable frequency drives and a cooling tower refurbishment. These mechanical upgrades optimize motor efficiency and airflow, while improving guest comfort. The operations team also saves energy by monitoring mechanical systems and implementing preset cooling schedules in meeting rooms through a building management system (“BMS”). This system also captures energy data which the operations team uses to identify energy- and emissions-reducing opportunities.  In the kitchens, demand control ventilation provides automated control over the ventilation system by adjusting fan speed in response to the presence and level of cooking activity. Finally, recycled water is used for irrigation to preserve drinking water in the frequently water-stressed region of San Jose.

2023 ENERGY STAR CERTIFICATION HIGHLIGHTS

2023 ENERGY STAR® Certification: Juniper Hotel Cupertino, Curio Collection By Hilton

In order to drive efficiency, the Juniper Hotel Cupertino places strong emphasis on energy efficient mechanical and operational initiatives. High efficiency LED lighting with motion sensor technology has been installed throughout the hotel and improved HVAC efficiency has been achieved through chiller compressor upgrades. The operations team monitors and optimizes mechanical systems through a centrally controlled BMS. This system also captures energy data which the operations team uses to identify energy- and emissions-reducing opportunities.  Major equipment, including the cooling tower, is equipped with high efficiency leak detection devices to reduce water and energy consumption.

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Environmental

Existing Portfolio

We are committed to enhancing and incorporating sustainability into our investment and asset management strategies, with a focus on minimizing our environmental impact. During the ownership of our hotel properties, we seek to invest in proven sustainability practices in our redevelopment, renovation and other capital projects that can enhance asset value while also improving environmental performance. We target specific environmental efficiency enhancements, equipment upgrades and replacements that reduce energy and water consumption.

CASE STUDY

2023 ENERGY STAR® Certification: Casa Marina Key West, Curio Collection

Casa Marina Key West has maintained consistent energy efficient operations and has been certified for the second year in a row. The hotel identified and prioritized energy efficiency opportunities via an ASHRAE Level II audit including a cooling tower refurbishment to maintain building conditions and optimal efficiency and HVAC improvements to improve cooling efficiency. The hotel has low wattage LED lighting throughout, uses an analytics platform to monitor and reduce energy usage, and leverages its building management system (BMS) to reduce equipment use. Additionally, the property captures rainwater for irrigation, significantly reducing additional energy and water consumption associated with landscape maintenance.

Responsible Investments

During the acquisition of new properties, we will assess both sustainability opportunities and climate change-related risks as part of our due diligence process. We will perform planned sustainability risk assessments for new acquisitions and consider energy and water conservation and waste management initiatives for all new construction and major renovation projects. We also plan to conduct technical building assessments in our new construction and renovation operations to reduce energy, water, waste and carbon emissions and increase value through health and well-being programs and initiatives.

 

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Associates

Our Associates are the foundation for our success. We pride ourselves on creating a respectful, professional and inclusive workplace for everyone. We value the unique perspectives that a workforce with diverse cultures, ages, genders and ethnicities brings to our processes, and we embrace the diversity that enhances our success. We offer comprehensive and competitive Total Rewards to attract top talent and seek to stay in touch with our Associates through annual surveys and ongoing development opportunities.

CASE STUDY

Park Cares

Park is committed to supporting both local communities and organizations wherever our business operations are located. The Park Cares Committee is responsible for selecting, organizing and administering associate-led volunteering efforts in those communities. In 2022, we engaged with and supported several local organizations, particularly those that provide services and resources to underserved populations and those in need of social, economic, educational, mental and physical support in our community, such as the Salvation Army’s Angel Tree program, APAH’s school supply drive, Bridges from School to Work program and the Don Bosco Cristo Rey Corporate Work Study Program. Park is also a proud sponsor of the Wolf Trap National Park for the Performing Arts.

CASE STUDY

Juniper Hotel Cupertino – Future Hoteliers! Youth And Hospitality Program

The Juniper Hotel Cupertino actively partners with the Academy of Travel & Tourism at Milpitas High School in Milpitas, California on various initiatives throughout the year. The academy offers students the opportunity to learn about hospitality, tourism and recreation in partnership with local businesses. Students are focused on marketing, hospitality, customer service and event planning through specific curriculum, industry and college tours, guest speakers, a one-year career mentorship with a business partner, summer internships and scholarship opportunities. The Juniper Hotel Cupertino has participated in the program as class speakers, student mentors and judges in student competitions. The hotel has also proudly hired some of the graduates of the academy, further strengthening the bond with the educational and vocational program.

CASE STUDY

Hilton Chicago – Driving Impact Within The Community

The Hilton Chicago is focused on supporting the beautification of its immediate neighborhood. In an effort to create distinction around the South Loop location of the historic Hilton Chicago and acknowledge the local budding artistry in its backyard, the hotel was one of the first contributors to the Wabash Arts Corridor. In 2022, local artist Bakr painted the doors to the hotel’s parking garage on Balbo Ave. This art installation was inspired by the Moroccan Atlas Mountains and serves as a tribute to the Moroccan Amazigh community. Additionally, through a decade-long partnership with Columbia College, local art students have had the opportunity paint murals in the hotel, including in hotel ballrooms, and the students also have the freedom to use space within the hotel to further develop their creativity.

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Social

Associates

Our Associates are the foundation for our success. We pride ourselves on creating a respectful, professional and inclusive workplace for everyone. We value the unique perspectives that a workforce with diverse cultures, ages, genders and ethnicities brings to our processes, and we embrace the diversity that enhances our success. We offer comprehensive and competitive Total Rewards to attract top talent and seek to stay in touch with our Associates through annual surveys and ongoing development opportunities.

CASE STUDY

Park Cares

Park is committed to supporting both local communities and organizations wherever our business operations are located. The Park Cares Committee is responsible for selecting, organizing and administering associate-led volunteering efforts in those communities. In 2022, we engaged with and supported several local organizations, particularly those that provide services and resources to underserved populations and those in need of social, economic, educational, mental and physical support in our community, such as the Salvation Army’s Angel Tree program, APAH’s school supply drive, Bridges from School to Work program and the Don Bosco Cristo Rey Corporate Work Study Program. Park is also a proud sponsor of the Wolf Trap National Park for the Performing Arts.

DIVERSITY AND INCLUSION STEERING COMMITTEE

Our culture of collaboration inspires inclusivity where differences are celebrated, and diversity is valued.

Park Hotels & Resorts’ culture is built on the foundation of open communication and collaboration through which we embrace the diversity and inclusion of all associates. Diversity, inclusion, and equality are primary considerations in everything we do. It is an important part of how we evaluate ourselves in terms of managing our business, selecting, and developing our associates and a factor in establishing external partnerships. We are committed to continually focus on being a positive catalyst for change in enhancing diversity, inclusion, and equality. We do this both internally and externally through recruitment, associate development, mentorship, education, advocacy, and community outreach.

Park’s Diversity & Inclusion committee’s objective is to establish a framework for change. Our goal is to ensure that diversity and inclusiveness is not just an initiative but rather the foundation for success which is engrained in the fiber of our culture. This culture transcends to every Park associate who can make change happen and ensure that inclusion and diversity are paramount in all our actions, policies, and considerations as an organization.

Community Engagement

Park is an active supporter of the communities in which we work or own hotel properties. Park supports several organizations through charitable donations, sponsorship donations and/or volunteer hours. In 2022 Park contributed approximately $307,500 in charitable donations to many meaningful causes. In addition, our hotels are very involved with their local communities and strive to be exemplary members of their communities.

Corporate Governance

In order to ensure alignment, we regularly engage with our key stakeholders, including stockholders, brand and management companies, associates, suppliers, industry peers and local communities, to identify both risks and opportunities, as well as to better understand their corporate responsibility priorities. Our Corporate Governance policies and guidelines are determined by the Nominating and Corporate Governance Committee of our Board of Directors and are routinely evaluated for effectiveness and relevance.

Recognition

Park Hotels & Resorts has been recognized for our commitment to developing programs and initiatives that drive positive environmental and community impact.



2023 ENERGY STAR Certified Hotels


Casa Marina Key West, Curio Collection


Hilton Hawaiian Village Waikiki Beach Resort


Hyatt Regency Boston


Doubletree By Hilton San Jose


DoubleTree by Hilton San Diego - Mission Valley


Juniper Hotel Cupertino, Curio Collection By Hilton