Professional
Added to YB: 2024-03-01
Pitch date: 2024-02-28
PK [bullish]
Park Hotels & Resorts Inc.
+7.57%
current return
Author Info
No bio for this author
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Company Info
Park Hotels & Resorts inc. is one of the largest publicly traded lodging real estate investment trusts.
Market Cap
$2.6B
Pitch Price
$13.41
Price Target
26.50 (+84%)
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Hotel and Resort REITs
Category
value
Show full summary:
Park Hotels & Resorts Inc.: Modest Occupancy and Rate Growth Lead to Solid Fourth-Quarter Results
$PK Q4 beat; $26.50 FV reit'd on 71% occ, 1.9% ADR, 4.1% RevPAR rise but 5.9% cost inflation. '24 guide 3.5-5.5% RevPAR, flat margins. Spun off $HLT, divested non-core to focus on premium US hotels. Bulls: econ growth, leverage, M&A. Bears: supply, rates, trends.
Read full article (11 min)