Park Hotels & Resorts Reports Third Quarter Earnings

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PARK HOTELS & RESORTS ($NYSE:PK) is a leading hotel and resort company with locations across the United States. The company’s earnings were driven by strong performance across all of its segments. Park Hotels & Resorts’ portfolio of hotels and resorts continues to attract guests and drive profitability.

Share Price

On Thursday, Park Hotels & Resorts reported third quarter earnings. The company’s stock opened at $12.5 and closed at $12.0, down by 4.4% from its last closing price of 12.5. This decline was likely due to a number of factors, including the company’s decision to spin off its timeshare business and the recent hurricanes that have impacted its properties in Florida and the Caribbean. Despite these challenges, Park Hotels & Resorts remains committed to its growth strategy and is well-positioned to capitalize on the recovery in the lodging industry.

VI Analysis

According to the VI App, PARK HOTELS & RESORTS is a low risk investment in terms of financial and business aspects. The company’s fundamentals reflect its long term potential and there are no red flags in the balance sheet. However, the app has detected one risk warning in the balance sheet. Register on the app to check it out.

VI Peers

The company’s portfolio includes Marriott, Hilton, Hyatt, and Intercontinental hotels. Park Hotels & Resorts Inc’s competitors include Apple Hospitality REIT Inc, Ryman Hospitality Properties Inc, Pebblebrook Hotel Trust.

– Apple Hospitality REIT Inc ($NYSE:APLE)

Apple Hospitality REIT Inc. is a real estate investment trust (REIT) that owns and operates a portfolio of upscale, select-service hotels located in the United States. As of December 31, 2020, the Company’s portfolio consisted of 235 hotels with approximately 30,000 guest rooms.

– Ryman Hospitality Properties Inc ($NYSE:RHP)

Ryman Hospitality Properties Inc is a real estate investment trust that owns, operates, and develops hotels and resorts in the United States. The company has a market cap of 4.68B as of 2022. Ryman Hospitality Properties Inc was founded in 1994 and is headquartered in Nashville, Tennessee.

– Pebblebrook Hotel Trust ($NYSE:PEB)

Pebblebrook Hotel Trust is a real estate investment trust that owns and invests in hotels. The company has a market cap of 2.07B as of 2022. Pebblebrook Hotel Trust is headquartered in Bethesda, Maryland, and was founded in 2009. The company focuses on investing in hotel properties located in major urban markets in the United States.

Summary

PARK HOTELS & RESORTS is a leading hospitality company that owns and operates hotels and resorts across the United States. The company has a portfolio of properties in some of the most desirable locations in the country, including New York City, Los Angeles, Miami, and San Francisco. Investors interested in PARK HOTELS & RESORTS can purchase shares of the company on the stock market. PARK HOTELS & RESORTS is a large company, and its shares are widely traded on major exchanges.