Park Hotels & Resorts

About Park Hotels & Resorts

Park Hotels & Resorts is a real estate operator headquartered in Tysons, VA. Park Hotels & Resorts operates in Austin, Texas, Boston, Massachusetts and Chicago, Illinois. Its investment focus is on Hospitality and Marinas.

Park Hotels & Resorts is a publicly traded lodging real estate investment trust (REIT) established as an independent company on January 3, 2017, through a spin-off from Hilton Worldwide. Operating with nearly a decade of history as a standalone enterprise, it ranks among the largest publicly traded lodging REITs in the United States. The firm specializes in owning and managing upper-upscale to luxury hotel real estate situated in prime U.S. urban and resort destinations. Its portfolio comprises approximately 40 premium-branded properties encompassing around 25,000 rooms, operating under globally recognized flags such as Hilton, DoubleTree, Embassy Suites, and Curio Collection by Hilton. The company's strategic focus centers on optimizing its high-value asset base through disciplined capital allocation, targeted property renovations, and value-enhancing developments. Management continuously refines the portfolio by strategically divesting non-core assets to concentrate resources on top-tier, cash-flowing properties in key metropolitan and resort markets.

Principals at Park Hotels & Resorts