AllAnalyst Report
Morningstar•November 23, 2020
Morningstar•November 23, 2020Park Hotels & Resorts Inc.: While Closed Hotels Lead to Third-Quarter Loss, Park Hotels Anticipates Full Reopenings Soon
Summary
Park Hotels & Resorts owns upper-upscale and luxury hotels with 29,125 rooms across 53 hotels in the United States. Park also has interests through joint ventures in another 4,297 rooms in seven U.S. hotels. Park was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017, so all of the company's hotels are still under Hilton brands. The company has sold all its international hotels and 11 lower-quality U.S. hotels to focus on high-quality assets in domestic,
Upgrade to begin using premium research reports and get so much more.
Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level
UpgradeActions
Download Full ReportRelated Reports
- Analyst Report: Wyndham Hotels & Resorts, Inc.Apr 25, 2024 •
WH
- Daily Spotlight: GDP Growth Slows to 1.6%Apr 25, 2024 •
MAR
- Analyst Report: Pebblebrook Hotel TrustApr 24, 2024 •
PEB
- CAR: Lowering target price to $108.00Apr 24, 2024 •
CAR
- EPR: Raising target price to $43.00Apr 24, 2024 •
EPR
Analyst Profile
Kevin Brown
Equity AnalystKevin Brown is an equity analyst on the finance team for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers apartment, healthcare, and hotel REITs and real estate service companies in the United States.Before joining Morningstar in 2018, Brown worked at an asset-management company focused on global real estate, spending nine years covering healthcare and hotel REITs.Brown holds a bachelor’s degree in economics from Dartmouth College. He also holds the Chartered Financial Analyst® designation.