Park Hotels & Resorts Inc - Company Profile
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Park Hotels & Resorts Inc (Park Hotels & Resorts) is a real estate investment trust (REIT) that focuses on owning and leasing premium-branded hotels and resorts. Its portfolio includes luxury and upper upscale hotels and resorts, primarily affiliated with brands such as Hilton Hotels & Resorts, DoubleTree by Hilton, Signia by Hilton, Marriott, Hyatt Regency, and Waldorf Astoria Hotels & Resorts. The company's properties cater to a diverse range of customers, including business travelers and tourists, and are located in major urban and convention areas, as well as key leisure destinations. The company's geographic focus is on prime markets in the US and its territories. Park Hotels & Resorts is headquartered in Tysons, Virginia, the US.
Headquarters
United States of America
Address
1775 Tysons Blvd, 7th Floor, Tysons Corner, Virginia, 22102
Telephone
1 571 3025757
No of Employees
90
Industry
Construction
Ticker Symbol & Exchange
PK (NYSE)
Revenue (2024)
$2.5B
-2.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-233.5%
(2024 vs 2023)
Market Cap*
$3.0B
Net Profit Margin (2024)
XYZ
-236.5%
(2024 vs 2023)
* As of and is in US$
Products and Services
| Services |
|---|
| Lodging REIT Services |
| Hotels Services |
| Spa Services |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Asset Disposal | In November, the company sold the 1,921-room Hilton San Francisco Union Square and the 1,024-room Parc 55 San Francisco – a Hilton Hotel. |
| 2025 | Asset Disposal | In May, the company sold the 316-room Hyatt Centric Fisherman’s Wharf located in San Francisco, California, the US for US$80 million. The sales proceeds will be utilized for ongoing return on investment (‘ROI’) projects in the company’s portfolio and for other general corporate purposes. |
| 2025 | Contracts/Agreements | In January, the company in partnership with Tribute Portfolio, announced the opening of THE MIDLAND HOTEL, Chicago, a Tribute Portfolio Hotel. |
Competitor Comparison
| Key Parameters | Park Hotels & Resorts Inc | Marriott International Inc | Host Hotels & Resorts Inc | Wyndham Hotels & Resorts Inc | Xenia Hotels & Resorts Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Tysons Corner | Bethesda | Bethesda | Parsippany | Orlando |
| State/Province | Virginia | Maryland | Maryland | New Jersey | Florida |
| No. of Employees | 90 | 148,000 | 162 | 2,000 | 42 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Thomas J. Baltimore, Jr. | Chairman; Chief Executive Officer | Executive Board | 2016 | 62 |
| Sean M. Dell’Orto | Chief Financial Officer; Chief Operating Officer; Executive Vice President; Treasurer | Senior Management | 2022 | 51 |
| Darren W. Robb | Chief Accounting Officer; Senior Vice President | Senior Management | 2016 | - |
| Thomas C. Morey | Chief Investement Officer; Executive Vice President | Senior Management | 2020 | 54 |
| Jill C. Olander | Executive Vice President - Human Resources | Senior Management | 2018 | 52 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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