Park Hotels & Resorts Inc - Company Profile
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Park Hotels & Resorts Inc (Park Hotels & Resorts) is a developer of hotels and resorts. The company’s portfolio includes premium brand hotels and resorts in the US and its territories. The company’s portfolio includes luxury, upper upscale, upscale and upper midscale hotels and resorts. The company operates its high-quality hotels in major urban and convention areas including the New York City, Washington, D.C., Chicago, San Francisco, Chicago, and others. It operates resorts in leisure areas such as Hawaii, Orlando, Miami Beach and Key West, and operates various hotels and resorts at gateway airports such as Los Angeles International, Chicago O’Hare, Boston Logan and Miami Airport. Park Hotels & Resorts is headquartered in Tysons, Virginia, the US.
Headquarters
United States of America
Address
1775 Tysons Blvd Fl 7, Tysons Corner, Virginia, 22102-4285
Website
www.pkhotelsandresorts.com
Telephone
1 571 3025757
No of Employees
91
Industry
Construction
Ticker Symbol & Exchange
PK (NYSE)
Revenue (2022)
$2.5B
83.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
135.3%
(2022 vs 2021)
Market Cap*
$3.5B
Net Profit Margin (2022)
XYZ
119.2%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Services |
|---|
| Lodging REIT Services |
| Hotels Services |
| Resort Services |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In February, the company announced its plans to sell the iconic Caribe Hilton Hotel in San Juan, Puerto Rico. |
| 2023 | Litigation | In October, the company filed a lawsuit against the borrower entities related to the cessation of payments on the US$725 million non-recourse CMBS loan. |
| 2023 | Asset Disposal | In February, the company closed on the sale of the 508-room Hilton Miami Airport in Miami, Florida for US$118.25 million. |
Competitor Comparison
| Key Parameters | Park Hotels & Resorts Inc | Marriott International Inc | MGM Resorts International | Hyatt Hotels Corp | Host 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 | Las Vegas | Chicago | Bethesda |
| State/Province | Virginia | Maryland | Nevada | Illinois | Maryland |
| No. of Employees | 91 | 140,000 | 46,000 | 50,000 | 165 |
| 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. | President; Chief Executive Officer; Chairman | Executive Board | 2016 | 59 |
| Sean M. Dell’Orto | Executive Vice President; Treasurer; Chief Financial Officer | Senior Management | 2022 | 48 |
| Darren W. Robb | Chief Accounting Officer; Senior Vice President | Senior Management | 2016 | - |
| Thomas C. Morey | Executive Vice President; Chief Investment Officer | Senior Management | 2020 | 51 |
| Rebecca L. Flemming | Senior Vice President - Investments & Portfolio Management | Senior Management | 2018 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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