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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, and we are committed to advancing environmental stewardship, social impact, good governance practices and responsible risk management.

Environmental

GREEN PARK

The Green Park Program is the programmatic platform, identity and brand around Park’s environmental sustainability efforts. It includes a centralized infrastructure for standardized reporting of environmental emissions and efficiency projects; proactive sustainability communications to Park’s internal stakeholders; strategic planning for long-term sustainability goals and portfolio efficiency; and the production and maintenance of the Green Park Sustainability Playbook (“Playbook”). The Playbook is a detailed sustainability “how-to” guide for all our properties and includes information on sustainability best practices and sustainability expectations by operational department.

The Green Park Committee works with Park’s operating partners to implement sustainability best practices across our portfolio of hotels and resorts. The Green Park Committee’s initiatives include implementing efficiency projects, monitoring and benchmarking environmental data, developing annual utility cost guidance, tracking building performance standards and procuring renewable energy.

LEED ® Certification

Hilton Hawaiian Village Waikiki Beach Resort – Tapa Tower

The $85 million guestroom renovation project at the 1,021 room Tapa Tower at Hilton Hawaiian Village Waikiki Beach Resort achieved LEED ® Certification in April 2025. This certification recognizes that Tapa Tower meets high standards for environmental sustainability, energy efficiency, and healthy indoor environments. Certification is awarded by the U.S. Green Building Council and involves a rigorous review of design, construction, and operational practices. This is Park’s first LEED-certified renovation project.

2024 Green Park Energy Partner of the Year

Hilton Hawaiian Village Waikiki Beach Resort

Hilton Hawaiian Village Waikiki Beach Resort was the winner of the inaugural award for the Green Park Energy Partner of the year, which recognizes the property in Park’s portfolio that has meaningfully decreased its environmental footprint.  The property decreased its electricity, natural gas, and water usage through targeted efficiency measures and retro-commissioning efforts, resulting in annual savings of $2 million. Given the size and footprint of this asset and the importance of protecting natural resources in Hawaii, these achievements not only help reduce the hotel’s carbon footprint, but also help sustain precious natural resources.

2024 Green Park Sustainability Partner of the Year

Hilton New Orleans Riverside

Hilton New Orleans Riverside was the inaugural award recipient for the Green Park Sustainability Partner of the Year, which recognizes the property in Park’s portfolio that has successfully implemented key sustainability programs and initiatives. The Hilton New Orleans Riverside was recognized for establishing a property-level sustainability committee, implementing a successful recycling program and refrigerant management program, substantially improving the waste diversion rate of over 35% in 2024, and earning local community recognition for sustainability efforts.

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Environmental

CASE STUDY

LEED ® Certification

Hilton Hawaiian Village Waikiki Beach Resort – Tapa Tower

The $85 million guestroom renovation project at the 1,021 room Tapa Tower at Hilton Hawaiian Village Waikiki Beach Resort achieved LEED ® Certification in April 2025. This certification recognizes that Tapa Tower meets high standards for environmental sustainability, energy efficiency, and healthy indoor environments. Certification is awarded by the U.S. Green Building Council and involves a rigorous review of design, construction, and operational practices. This is Park’s first LEED-certified renovation project.

Risk Management

We integrate risk management throughout our business to support Park’s strategy of owning high-quality real estate in select markets and to help increase overall returns on our investments for our stakeholders through the proactive protection of our assets. We are dedicated to developing strategies and plans for lasting risk management approaches that will protect our real estate portfolio and our corporate assets, including our associates. We continually evaluate our asset management, design and construction and portfolio management practices to ensure appropriate physical, transitional and man-made risks have been considered to help combat the effects of climate change, and we also monitor and assess social risks that could affect our corporate or hotel operations.

Social

Social Impact

Our comprehensive approach to social commitment involves integrating a wide set of initiatives designed to create a lasting positive impact both within and beyond our organization. Internally, our associates make up the fabric of our organization and are critical to ensuring the success of Park. We also place high importance on cultivating a strong and positive relationship with the local communities where we work and own properties. We seek to engage with the community through volunteering as well as in-kind and cash donations as identified by the Park Cares Committee.

SOCIAL IMPACT HIGHLIGHTS

ASSOCIATES

Our associates are the foundation for our success. We value building a high-performing workplace culture and we prioritize developing the leaders who drive our organizational 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.

SOCIAL IMPACT HIGHLIGHTS

PARK CARES

The Park Cares Committee is responsible for selecting, organizing and administering associate-led volunteering efforts in our community. Park continues to support the Arlington Partnership for Affordable Housing (“APAH”) through both a back-to-school supplies drive and an annual reading initiative; the National Capital Area Salvation Army’s annual Angel Tree children’s holiday gift and clothing drive; Don Bosco Cristo Rey High School’s Corporate Work Study Program through internship positions through the organization; and N Street Village through activities such as toiletries supply and snack drives and meal preparation.

SOCIAL IMPACT HIGHLIGHTS

SUSTAINABLE SOURCING

Several of our properties are committed to supporting local farms and businesses by sourcing food and beverage products from nearby suppliers. The Hilton McLean Tysons Corner partners with local farms and businesses such as Great Greens in Virginia, Moorenko’s Ice Cream in Maryland, Meadow Creek Dairy in Virginia, Mountain View Farm in Virginia and Meat Crafters in Maryland. By prioritizing local suppliers, these properties not only deliver fresh and nutritious food to their guests but also make meaningful investments in their surrounding communities.

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Social

CASE STUDY

ASSOCIATES

Our associates are the foundation for our success. We value building a high-performing workplace culture and we prioritize developing the leaders who drive our organizational 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.

Community Engagement

In 2023, we supported 17 organizations and/or programs through charitable contributions, sponsorships and scholarships contributing a total of approximately $322,000 in cash donations. Park Cares initiatives in 2023 included opportunities for in-person volunteering and in-kind donations with APAH, Don Bosco Cristo Rey High School Corporate Work Study Program and Salvation Army. In 2023, 90 Park associates volunteered their time, amassing approximately 720 hours of community service. In 2024, we expanded our efforts by partnering with N Street Village, the largest provider of housing and essential services for women experiencing homelessness in Washington, DC.

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, Governance and Corporate Responsibility 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.

ISS ESG Corporate Rating as of 07/15/2025

ENERGY STAR Partner of the Year

Nareit

Newsweek

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