Professional
Added to YB: 2024-04-30
Pitch date: 2024-03-31
PK [bullish]
Park Hotels & Resorts Inc.
-20.54%
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
N/A
Pitch Price
$14.42
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-10.09
EV/Sales
2.38
Sector
Hotel and Resort REITs
Category
value
Show full summary:
Baron Real Estate Income Fund New Portfolio Holding: Park Hotels & Resorts Inc.
PK: Acquired stake in undervalued hotel REIT trading below NAV & peers. Catalysts: 1) Reno projects driving outsized growth 2) Diverse demand drivers w/ group recovery 3) Hawaii exposure (1/3 of CF) to see Japanese travel boom (+400% upside) 4) Improved portfolio & B/S post-SF sales 5) High-single-digit div yield
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