Park Hotels & Resorts, Inc.

Park Hotels & Resorts, Inc.

Park Hotels & Resorts, Inc.

Overview
Date Founded

1946

Headquarters

1600 Tysons Boulevard,Suite 1000,10th floor,McLean, VA 22102-3388

Type of Company

Public

Employees (Worldwide)

488

Industries

Trusts & Funds
Real Estate Investment Trusts

Company Description

Park Hotels & Resorts, Inc. operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio. The company was founded by Conrad Hilton in 1919 and is headquartered in Tysons, VA.

Contact Data
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Executives & Employees

Chairman of the Board, President & Chief Executive Officer

Executive Vice President, Chief Financial Officer & Treasurer

Executive Vice President, Chief Investment Officer

Senior Vice President & Deputy General Counsel

Senior Vice President & Chief Accounting Officer

Executive Vice President, Human Resources

Executive Vice President, Design & Construction

Senior Vice President, Investments

Senior Vice President, Financial Planning & Analysis

Senior Vice President, Corporate Strategy

Board of Directors

Chairman of the Board, President & Chief Executive Officer at Park Hotels & Resorts, Inc.

Chairman of the Board, Chief Executive Officer & President at AvalonBay Communities, Inc.

Limited Partner at Lead Edge Capital Management LLC

Former Executive Vice President & Chief Financial Officer at Weyerhaeuser Company

Former Senator from Connecticut

Managing Director at G-b1 Partners

Former Global Chief Financial Officer at Jones Lang LaSalle

Co-Founder at Capital Automotive Real Estate Services, Inc.

Chairman-Engineering School at Duke University

Future Dean at University of Southern California - Marshall School of Business (Effective 07/2020)

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Park Hotels & Resorts, Inc.
Owners & Shareholders
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Cohen & Steers is a global investment manager focused on specialty asset classes, including real estate securities, listed infrastructure, real assets, preferred securities, large cap value equities and alternative strategies. Background In 1986, Martin Cohen and Robert Steers established Cohen & Steers as the first investment company to specialize in listed real estate. As the global real estate securities market evolved, we expanded our operations to Europe and Asia Pacific, forming the industry’s largest global investment team dedicated to real estate securities. Through careful consideration, we have added to our investment offerings over the years, developing related strategies designed to meet investors’ increasing demand for dividend income and real returns. Cohen & Steers was listed on the New York Stock Exchange in 2004 under the ticker: CNS. As of December 31, 2012, the company had $45.8 billion in assets under management. Cohen & Steers is headquartered in New York, with offices in London, Brussels, Hong Kong, Tokyo and Seattle.

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SAM uses a value-oriented, long-term, bottom-up stock selection process. Their research team appraises businesses by studying financial statements, regulatory information, trade publications, and other industry and corporate data, and by talking with corporate management, competitors, and suppliers. They use two methods for their appraisal: (1) they seek to assess the company's liquidation value based on the current economic worth of corporate assets and liabilities; and (2) they seek to determine the company's ongoing value based on its ability to generate free cash flow after required capital expenditures and working capital needs. In selecting investments they look for companies with strong business and good people.

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BIM is a global investment manager that focuses on specialized equity and fixed income real assets securities investments and energy-related master limited partnerships or MLPs and infrastructure investments. The firm's fixed-income strategies include investments in below investment grade and investment grade publicly traded debt securities of global real estate, infrastructure and natural resources companies. For their equity strategies, BIM have incorporates a value-based approach and a long-term investment horizon. They use a bottom-up security selection process that seeks to identify and capitalize on out-of-favor sectors and companies. BIM also offers fixed income and equity blend strategy (real assets solutions).

Recent Transactions
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Park Hotels & Resorts, Inc. purchases Chesapeake Lodging Trust

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Park Hotels & Resorts, Inc. issued USD Common Stock

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Starwood Capital Group Global LLC purchases Park Hotels & Resorts, Inc. /7 Hilton Hotels from Park Hotels & Resorts, Inc.

Insider Transactions
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Transaction Advisors
Investment Advisor

Advised onPark Hotels & Resorts, Inc. purchases Chesapeake Lodging Trust

Underwriter

Advised onPark Hotels & Resorts, Inc. issued USD Common Stock

Legal Advisor

Advised onPark Hotels & Resorts, Inc. purchases Chesapeake Lodging Trust

Managing Director

Advised onPark Hotels & Resorts, Inc. issued USD Common Stock

Legal Advisor

Advised onPark Hotels & Resorts, Inc. purchases Chesapeake Lodging Trust

Underwriter

Advised onPark Hotels & Resorts, Inc. issued USD Common Stock

Advisors & Consultants
Legal Advisor

Partner at Proskauer Rose LLP

Legal Advisor

Partner at Proskauer Rose LLP

Legal Advisor

Partner at Kirkland & Ellis LLP

Clients

Safehold Inc. operates as a real estate investment trust, which focuses on acquiring, owning, managing and capitalizing ground leases. It seeks to provide safe & growing income, as well as capital appreciation to shareholders by building a diversified portfolio of ground leases. The company's property is generally leased on a triple net basis with the tenant responsible for taxes, maintenance and insurance, as well as all operating costs and capital expenditures. Safety, Income & Growth was founded on April 14, 2017 and is headquartered in New York, NY.

Ashford Hospitality Trust, Inc. is a real estate investment trust, which invests in the hospitality industry. The firm's investments include direct hotel investments, mezzanine financing through origination or acquisition, first mortgage financing through origination or acquisition, sale-leaseback transactions and other hospitality transactions. The company was founded by Montgomery Jack Bennett in May 2003 and is headquartered in Dallas, TX.

Key Stats and Financials As of 2019
Market Capitalization
$2.4B
Total Enterprise Value
$9.21B
Earnings Per Share
$1.43
Revenue
$2.82B
Net Profit
$305M
EBITDA
$697M
EBITDAMargin
24.75%
Total Debt
$4.13B
Total Equity
$6.45B
Enterprise Value Sales
3.27x
Enterprise Value EBITDAOperating
12.84x
TEVNet Income
30.2x
Debt TEV
0.45x
Three Year Compounded Annual Growth Rate Of Revenue
1.08%
Five Year Compounded Annual Growth Rate Of Revenue
2.3%
Non-Profit Donations & Grants
$1,000 - $2,499
2018
$10K - $25K
2017
$2,000 - $4,999
2017
Suppliers
Hilton Worldwide Holdings, Inc. Hotels, Resorts, and Cruiselines | Mclean, VA

Hilton Worldwide Holdings, Inc. engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management & Franchise segment manages hotels and timeshare properties, and license its brands to franchisees. The company was founded by Conrad Hilton on March 18, 2010 and is headquartered in McLean, VA.

SP Plus Corp. Other Business & Consulting Services | Chicago, IL

SP Plus Corp. provides professional parking, ground transportation, facility maintenance, security, event logistics, and baggage handling and related services to commercial, institutional, municipal and aviation clients. It also provides a wide range of event logistics services. The company was founded in 1929 and is headquartered in Chicago, IL.

Competitors
Pebblebrook Hotel Trust Trusts & Funds - Bethesda, MD

Pebblebrook Hotel Trust is a real estate investment trust, which engages in the investments and acquisition in hotel properties. Its hotels are located in the markets like: Atlanta, Georgia; Boston, Massachusetts; Chicago, Illinois; Key West, Florida; Miami, Los Angeles, Naples, Nashville, Tennessee; New York, Philadelphia, Pennsylvania; Portland, Oregon; San Diego, California; San Francisco, Seattle, Stevenson, and Washington, D.C. The company was founded by Jon E. Bortz on October 2, 2009 and is headquartered in Bethesda, MD.

Host Hotels & Resorts, Inc. Trusts & Funds - Bethesda, Maryland

Host Hotels & Resorts, Inc. is a premier lodging real estate company. We own high quality lodging assets in prime urban, airport and resort/convention locations. Creating value through aggressive asset management and disciplined capital allocation to generate superior performance, we endeavor to maximize shareholders’ returns through a combination of dividends, growth in funds from operations and increasing asset value. Our strategy to accomplish this mission includes: acquiring existing luxury and upper upscale full-service hotels as market conditions permit, including hotels operated by leading management companies which satisfy our investment criteria such as Marriott, Ritz-Carlton, Four Seasons, Hyatt, Hilton, W, Westin, Sheraton and Fairmont. Such acquisitions may be completed in various ways including transactions involving entities in which we are already a partner, public and private portfolio transactions, single asset transactions, and entering into joint ventures; maximizing the value of our existing portfolio through aggressive asset management. We will work with the managers of our hotels to reduce operating costs and increase revenues, as well as conducting selective capital improvements and expansions designed to improve operations; developing new luxury and upper upscale full-service hotels operated by leading management companies; employing transaction structures which mitigate our risk; and recycling capital through opportunistic asset dispositions and selective disposal of non-core assets, including older assets with significant capital needs, assets that are at a competitive risk given potential new supply, or assets in slower-growth markets. We believe Host Hotels & Resorts, Inc. has the best assets, best management and best operators in the industry. Today, our portfolio consists of luxury and upper upscale hotels in difficult to duplicate downtown and resort locations. We continually strive to make the best better, investing in maintenance and property enhancements to meet the needs of our guests and drive future revenue growth. We are confident we can achieve our goal to be the premier lodging real estate company. We look forward to delivering on that commitment in the months and years to come

Ryman Hospitality Properties, Inc. Trusts & Funds - Nashville, TN

Based in Nashville, Tennessee, Ryman Hospitality Properties (NYSE: RHP) is a real estate investment trust (“REIT”) specializing in group-oriented, destination hotel assets in urban and resort markets. Our managed assets include a network of four upscale, meetings-focused resorts totaling 7,795 rooms that are managed by world-class lodging operator Marriott International under the Gaylord Hotels brand. Other managed assets include Gaylord Springs Golf Links, the Wildhorse Saloon, the General Jackson Showboat and The Inn at Opryland, a 303-room overflow hotel adjacent to Gaylord Opryland. Ryman Hospitality Properties also operates a number of media and entertainment assets. These assets include the Grand Ole Opry, the legendary weekly showcase of country music’s finest performers for nearly 90 years; the Ryman Auditorium, the storied former home of the Grand Ole Opry located in downtown Nashville; and WSM-AM, the Opry’s radio home and the only clear-channel station in the U.S. broadcasting music. Ryman Hospitality Properties owns four of the nine convention hotels with greater than 400,000 square feet of meeting space. The high replacement costs and long lead times for developing these large-scale resort properties limits competition and provides the company with a substantial competitive advantage. Our Vision Our vision is to leverage our expertise in yielding attractive returns on group-oriented resort assets to generate income and enhanced long-term value for our shareholders. Ryman Hospitality Properties is also committed to preserving and fostering the rich heritage of our entertainment brands through aggressive management and sustained growth.

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