Stock events for Park Hotels & Resorts, Inc. (PK)
In the past six months, analyst ratings have generally been "Hold" or "Reduce," with some price targets being lowered. The company's Q3 2025 earnings report indicated a significant miss on EPS and a 6% decline in RevPAR, leading to a 2.98% drop in stock price. Strategic asset dispositions have been a key activity, including the sale of two significant San Francisco properties and the Hyatt Centric Fisherman's Wharf in San Francisco. Labor strikes in October 2024, which affected hotels representing over 30% of Park's operating profit, were quickly resolved in early November 2024.
Demand Seasonality affecting Park Hotels & Resorts, Inc.’s stock price
Demand for Park Hotels & Resorts' products and services exhibits seasonality, influenced by its portfolio of hotels and resorts in both urban/convention areas and leisure destinations. The company's Q3 2025 earnings report noted "softer leisure demand" and a "weaker group pace" in certain markets, indicating seasonal fluctuations. The company also anticipates a Q4 demand surge, particularly for group revenue at properties like the Hilton Hawaiian Village.
Overview of Park Hotels & Resorts, Inc.’s business
Park Hotels & Resorts, Inc. (PK) is a lodging REIT specializing in owning and operating high-quality hotels and resorts. The company's business model centers on asset management, acquiring and managing premium hotel properties, and collaborating with leading hotel brands. Its portfolio consists of premium-branded hotels and resorts, with approximately 86% to 87% of its rooms classified as luxury and upper upscale.
PK’s Geographic footprint
Park Hotels & Resorts' portfolio is entirely located within the United States and its territories. The company's properties are strategically situated in prime U.S. markets, including major urban and convention areas such as New York City, Washington, D.C., Chicago, Boston, New Orleans, and Denver. Additionally, it holds premier resorts in key leisure destinations like Hawaii, Orlando, Key West, and Miami Beach, as well as hotels in select airport and suburban locations. Nearly 80% of its portfolio is located in central business districts of major cities or resort and conference destinations.
PK Corporate Image Assessment
Information specifically detailing Park Hotels & Resorts' brand reputation or events that have affected its reputation in the past year was not found in the provided search results. The available information focuses on the company's financial performance, strategic asset management, and operational challenges.
Ownership
Park Hotels & Resorts is primarily owned by institutional investors, who hold approximately 100.89% of the shares, while insiders own about 1.92%. Major institutional shareholders include Vanguard Group Inc, BlackRock, Inc., Bank Of America Corp /de/, Donald Smith & Co., Inc., State Street Corp, Aqr Capital Management Llc, Sculptor Capital LP, Goldman Sachs Group Inc, Arrowstreet Capital Limited Partnership, and UBS Group AG. BlackRock is the largest institutional shareholder, holding 13.13% of PK shares.
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$10.26