# Park Hotels & Resorts

> Park Hotels & Resorts is a publicly traded U.S. lodging real estate investment trust that owns premium hotels and resorts operated under brands including Hilton, Marriott and Hyatt. It creates value through property oversight, renovations, financing and selective asset sales, serving leisure travelers, business guests and meeting groups through its hotel operators.

- **Founded:** 2017
- **Headquarters:** McLean, United States
- **Products:** Premium hotel and resort ownership, Hotel asset management, Renovation and repositioning, Group meetings and resort stays
- **Notable:** Established as an independent publicly traded lodging REIT on January 3, 2017., Completed the approximately $2.5 billion acquisition of Chesapeake Lodging Trust on September 18, 2019., Invested approximately $220 million in renovation and expansion of the Bonnet Creek complex, including 1,511 guestrooms and 107,000 square feet of added meeting and multifunction space.

## Products & services

- **Premium hotel and resort ownership** — Owns hotel real estate in U.S. city centers, resort markets and conference destinations; properties carry established third-party brands.
- **Hotel asset management** — Oversees property performance, revenue mix, operating initiatives and capital allocation in partnership with hotel operators.
- **Renovation and repositioning** — Funds guestroom, meeting-space, restaurant and amenity improvements, including the Bonnet Creek complex and Royal Palm South Beach Miami.
- **Group meetings and resort stays** — Hotels in the portfolio serve business, convention and leisure demand; booking and operations are handled through the relevant hotels and brands.

## Achievements

- Established as an independent publicly traded lodging REIT on January 3, 2017.
- Completed the approximately $2.5 billion acquisition of Chesapeake Lodging Trust on September 18, 2019.
- Invested approximately $220 million in renovation and expansion of the Bonnet Creek complex, including 1,511 guestrooms and 107,000 square feet of added meeting and multifunction space.
- Received Nareit’s 2023 Leader in the Light award for lodging and resorts, its second consecutive year.
- ENERGY STAR recognized its 2023 benchmarking of 100% of 39 properties.
- Reopened Royal Palm South Beach Miami in July 2026 after a renovation costing more than $100 million.

## Latest updates

- **2026-08** — Reported Q2 comparable RevPAR of $216.87, up 5.8% year over year, and raised full-year guidance.
- **2026-07** — Royal Palm South Beach Miami reopened after its comprehensive renovation.
- **2026-04** — Entered a $700 million delayed-draw mortgage facility associated with Bonnet Creek.
- **2026-02** — Reported fiscal 2025 revenue of $2.541 billion and appointed Sean M. Dell’Orto chief operating officer, in addition to his finance roles.

## Links

- Website: https://www.pkhotelsandresorts.com/
- LinkedIn: https://www.linkedin.com/company/park-hotels-and-resorts

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Profile page: https://yespress.io/park-hotels-and-resorts
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Last updated: 2026-10-24