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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 Waikoloa Village – Palace Tower

The $70-million guestroom renovation project at the 414-room Palace Tower at Hilton Waikoloa Village achieved LEED ® Silver Certification in September 2026. This certification recognizes that Palace 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 third LEED-certified renovation project and second LEED ® Silver Certification earned in 2026.

LEED ® Certification

Hilton Hawaiian Village Waikiki Beach Resort – Rainbow Tower

The $90-million guestroom renovation project at the iconic 822-room Rainbow Tower at Hilton Hawaiian Village Waikiki Beach Resort achieved LEED ® Silver Certification in July 2026. This certification recognizes that Rainbow 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 second LEED-certified renovation project at Hilton Hawaiian Village Waikiki Beach Resort.

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.

Hilton New Orleans Riverside

The Hilton New Orleans Riverside earned Green Key Global’s highest sustainability rating, achieving 5-Key certification through its Eco-Rating Program. The certification recognizes the hotel’s sustainability efforts across resource conservation, waste reduction, efficient building operations and community engagement. Through its employee-led Green Team and operational investments, the hotel has significantly increased waste diversion and diverted more than 700 tons of oyster shells to support Louisiana coastal restoration.

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Environmental

CASE STUDY

LEED ® Certification

Hilton Waikoloa Village – Palace Tower

The $70-million guestroom renovation project at the 414-room Palace Tower at Hilton Waikoloa Village achieved LEED ® Silver Certification in September 2026. This certification recognizes that Palace 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 third LEED-certified renovation project and second LEED ® Silver Certification earned in 2026.

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 & Social Commitment 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 & Social Commitment Committee

The Park Cares & Social Commitment Committee is responsible for selecting, organizing and administering associate-led volunteering efforts in our community. Park continues to support community initiatives such as a toiletry and wellness supplies drive to benefit residents of N Street Village, the National Capital Area’s Salvation Army Angel Tree program, and the Don Bosco Cristo Rey High School work-study internship program.

SOCIAL IMPACT HIGHLIGHTS

HILTON DENVER CITY CENTER PARTNERSHIP

Hilton Denver City Center began partnering with Change Please in 2025 to support workforce development and career readiness. Change Please is an award winning social enterprise that aims to fight homelessness through quality coffee. The organization trains people experiencing homelessness to become baristas and provides resources and opportunities that support stable employment. Participants strengthen their coffee-making and customer service skills while gaining practical hospitality experience and building confidence for future employment.

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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 2025, we supported 20 organizations and/or programs through charitable contributions, sponsorships and scholarships contributing a total of approximately $250,000 in cash donations. Park Cares & Social Commitment Committee initiatives in 2025 included opportunities for in-person volunteering and in-kind donations with N Street Village, Don Bosco Cristo Rey and Salvation Army. In 2025, 24 Park associates volunteered their time, amassing approximately 385 hours of community service.

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 effective as of April 30, 2026

ENERGY STAR Partner of the Year

Nareit

Newsweek