Park Hotels & Resorts is the power behind the proactive portfolio. As a preeminent Lodging REIT, we focus on delivering superior risk-adjusted returns for shareholders as well as creating exceptional growth opportunities for team members. Our size, scale, and underlying value mean we have the strength to energetically invest in irreplaceable and iconic properties that drive the growth we want in tomorrow’s portfolio, today.
Grounded in financials yet inspired by world-class real estate investment and the value it creates, our portfolio consists of 66 premium-branded hotels and resorts comprising over 35,000 rooms located primarily in prime U.S. markets with high barriers to entry.Over 85 of our portfolio is in the luxury or upper upscale segment and approximately 98 is located in the U.S., including locations in 14 of the top 25 markets. We affiliate with leading brands such as Hilton, Marriott and Hyatt, and we partner with both brand and third-party operators.
Park was established as an independent company on January 3, 2017, following its spin-off from Hilton. On September 18, 2019, Park acquired Chesapeake Lodging Trust, adding 18 premium-branded hotels and resorts located in prime markets such as San Francisco, Boston, Miami and Los Angeles. Our headquarters are located in Tysons, Virginia and our ticker symbol on the New York Stock Exchange is “PK.”