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REIT spun off from Hilton that owns large upscale and luxury full-service hotels across major US markets.
REIT spun off from Hilton that owns large upscale and luxury full-service hotels across major US markets.
Owns the buildings and receives the hotels' operating profit after paying brand managers fees to run them, so results depend on room rates, occupancy and group business at a small number of large hotels. It has handed back or sold hotels in weaker markets, including San Francisco.
Moat: none (scale, brand). Owns hotels under a strong Hilton brand but has limited pricing power versus other large-hotel REIT owners.
Headquarters: Tysons, Virginia, US · Founded: 2017 · Employees: 90
Size Park Hotels & Resorts (PK) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $3.17B, the 1507th largest of 3,117 United States companies the cockpit tracks. Shares closed at $15.74 on 6 Nov 2026.
Performance Over six months the shares gained 39.0%, against -3.6% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue fell 1.4% over the last twelve months (peer median +5.5%); the operating margin is 11.9% (peer median 48.8%).
Valuation It trades at 1.03× book value against a peer median of 1.01× (10th most expensive of 21).
Price implies The share price implies a return on equity of about 12.1%; Park Hotels & Resorts delivers -5.0%, so the price asks more than the business earns today.
Short interest Short interest is 15.9% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.54B | $2.54B | $2.60B | $2.70B | $2.50B |
| Revenue growth | — | -2% | -4% | +8% | — |
| Gross profit | $466M | $386M | $488M | $459M | $424M |
| EBITDA | $579M | $562M | $594M | $598M | $552M |
| Net income | -$164M | -$283M | $211M | $95.0M | $162M |
| Free cash flow | $83.0M | $104M | $247M | $233M | $252M |
| Capital expenditure | $323M | $296M | $227M | $285M | $168M |
| Total debt | $4.10B | $4.05B | $4.79B | $4.71B | $4.85B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Park Hotels & Resorts PK | $3.17B | +39% | -1% | -5% | 1.03× | 12.1% |
| Host Hotels & Resorts HST | $16.9B | +15% | +5% | 16% | 2.64× | 22.6% |
| Sunstone Hotel Investors SHO | $2.33B | +19% | +7% | 3% | 1.42× | 12.8% |
| RLJ Lodging Trust RLJ | $1.92B | +40% | +1% | 1% | 1.07× | 11.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.5% | +3.6% | 11th highest of 21 |
| 6-month return | +39.0% | -3.6% | highest of 21 |
| Return on equity | -5.0% | 7.9% | lowest of 21 |
| Price / book | 1.03× | 1.01× | 10th most expensive of 21 |
| ROE the price implies | 12.1% | 6.5% | 4th most demanding of 21 |
| ROE delivered | -5.0% | 7.9% | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Park Hotels & Resorts PK | United States | $3.17B | +39% | -1% | -5% | 1.03× | 12.1% | -5.0% |
| Suntec Real Estate Investment Trust T82U.SI | Singapore | $3.18B | -7% | +1% | 5% | 0.67× | 4.3% | 5.2% |
| Daiwa House REIT Investment 8984.T | Japan | $3.15B | -13% | -9% | 5% | 1.01× | 4.4% | 4.9% |
| Japan Hotel Reit Investment 8985.T | Japan | $3.14B | +7% | +15% | 8% | 1.44× | 6.8% | 8.5% |
| CT Real Estate Investment Trust CRT-UN.TO | Canada | $3.11B | +3% | +5% | 13% | 0.68× | 6.2% | 12.9% |
| Keppel REIT K71U.SI | Singapore | $3.27B | -5% | +5% | 8% | 0.67× | 4.6% | 8.5% |
| ORIX JREIT 8954.T | Japan | $3.06B | -12% | +35% | 8% | 1.36× | 5.4% | 8.3% |
| United Urban Investment 8960.T | Japan | $3.04B | -15% | -2% | 7% | 1.25× | 4.9% | 7.2% |
| Broadstone Net Lease BNL | United States | $3.36B | -12% | +8% | 5% | 1.17× | 10.7% | 5.0% |
| SmartCentres Real Estate Investment Trust SRU-UN.TO | Canada | $3.37B | -3% | -1% | 3% | 0.93× | 7.4% | 3.1% |
| Primary Health Properties PHP.L | United Kingdom | $3.41B | +6% | +104% | 8% | 0.99× | 10.9% | 8.0% |
| Invincible Investment 8963.T | Japan | $2.94B | -1% | +10% | 9% | 1.31× | 6.2% | 8.9% |
| Frasers Centrepoint Trust J69U.SI | Singapore | $3.43B | -5% | +16% | 8% | 0.92× | 3.4% | 7.9% |
| Canadian Apartment Properties Real Estate Investment Trust CAR-UN.TO | Canada | $3.45B | -14% | -7% | -2% | 0.58× | 6.0% | -1.5% |
| KDX Realty Investment 8972.T | Japan | $3.47B | -16% | +3% | 5% | 0.87× | 4.9% | 5.4% |
| Highwoods Properties HIW | United States | $3.47B | +24% | +6% | 8% | 1.48× | 13.8% | 7.9% |
| DiamondRock Hospitality DRH | United States | $2.88B | +30% | +2% | 11% | 1.86× | 16.4% | 10.6% |
| National Health Investors NHI | United States | $3.50B | -5% | +24% | 11% | 2.23× | 13.0% | 10.9% |
| Derwent London DLN.L | United Kingdom | $2.87B | +15% | +45% | 1% | 0.62× | 10.0% | 1.4% |
| First Capital Real Estate Investment Trust FCR-UN.TO | Canada | $3.55B | 0% | +3% | 24% | 1.01× | 8.1% | 24.2% |
| Curbline Properties CURB | United States | $3.57B | +5% | +51% | 1% | 1.57× | 10.6% | 1.3% |