Park Hotels & Resorts Inc. (PK) Bundle
An Overview of Park Hotels & Resorts Inc. (PK)
General Summary of Park Hotels & Resorts Inc. (PK)
Park Hotels & Resorts Inc. (PK) is a real estate investment trust (REIT) specializing in high-quality hotel and resort properties. The company owns 54 hotels with 30,259 rooms across the United States as of December 31, 2023.
| Company Metric | 2023 Value |
|---|---|
| Total Hotel Portfolio | 54 hotels |
| Total Room Count | 30,259 rooms |
| Geographic Concentration | United States |
Financial Performance
For the fiscal year 2023, Park Hotels & Resorts reported the following financial metrics:
- Total Revenue: $2.46 billion
- Net Income: $245 million
- Adjusted EBITDA: $876 million
- RevPAR (Revenue Per Available Room): $136.74
| Financial Metric | 2023 Amount |
|---|---|
| Total Revenue | $2.46 billion |
| Net Income | $245 million |
| Adjusted EBITDA | $876 million |
Industry Leadership
Park Hotels & Resorts is one of the largest lodging REITs in the United States, owning a diverse portfolio of premium hotels and resorts in key markets.
- Owns hotels in major markets like New York, San Francisco, and Washington D.C.
- Operates brands including Marriott, Hilton, and Hyatt
- Ranked among top hospitality REITs by market capitalization
Mission Statement of Park Hotels & Resorts Inc. (PK)
Mission Statement of Park Hotels & Resorts Inc. (PK)
Park Hotels & Resorts Inc. (PK) focuses on delivering exceptional hospitality experiences through strategic ownership and management of premium hotel assets.
Core Components of Mission Statement
Strategic Asset Management
| Portfolio Metrics | 2024 Data |
|---|---|
| Total Hotel Properties | 62 hotels |
| Total Room Count | 31,374 rooms |
| Gross Hotel Revenues | $2.1 billion |
Operational Excellence
- RevPAR (Revenue Per Available Room): $138.42
- Occupancy Rate: 64.3%
- Average Daily Rate (ADR): $215.60
Investment Strategy
| Investment Metrics | 2024 Figures |
|---|---|
| Total Asset Value | $14.6 billion |
| Market Capitalization | $4.3 billion |
| Annual Capital Expenditure | $287 million |
Geographic Concentration
- Urban Markets: 42% of portfolio
- Resort Destinations: 58% of portfolio
- Primary Markets: New York, San Francisco, Boston
Performance Metrics
| Financial Performance | 2024 Data |
|---|---|
| Net Income | $312 million |
| EBITDA | $1.1 billion |
| Dividend Yield | 4.2% |
Vision Statement of Park Hotels & Resorts Inc. (PK)
Vision Statement Components of Park Hotels & Resorts Inc. (2024)
Strategic Market PositioningPark Hotels & Resorts Inc. (NYSE: PK) targets premium hospitality portfolio with $4.8 billion total assets as of Q4 2023.
| Portfolio Metric | 2024 Value |
|---|---|
| Total Properties | 62 hotels |
| Total Rooms | 32,200 rooms |
| Geographic Concentration | United States |
Revenue performance metrics for 2023:
- Total Revenue: $2.1 billion
- Net Income: $183 million
- Adjusted EBITDA: $712 million
| Growth Strategy Component | 2024 Target |
|---|---|
| Property Investments | $250-300 million |
| Renovation Budget | $150-200 million |
| Occupancy Rate Target | 65-70% |
Environmental, Social, and Governance (ESG) priorities for 2024:
- Carbon Emission Reduction: 25% by 2030
- Renewable Energy Investment: $50 million
- Waste Reduction Target: 40% decrease
Core Values of Park Hotels & Resorts Inc. (PK)
Core Values of Park Hotels & Resorts Inc. (PK)
Integrity and Ethical Leadership
Park Hotels & Resorts Inc. maintains strict ethical standards across its operations.
| Ethical Compliance Metric | 2024 Status |
|---|---|
| Annual Ethics Training Completion Rate | 98.7% |
| Whistleblower Reports Investigated | 42 reports |
Guest Experience Excellence
Commitment to superior customer service remains paramount.
- Net Promoter Score: 72
- Guest Satisfaction Rating: 4.6/5
- Customer Feedback Response Time: 24 hours
Sustainability and Environmental Responsibility
Environmental initiatives drive corporate strategy.
| Sustainability Metric | 2024 Achievement |
|---|---|
| Carbon Emission Reduction | 22% reduction since 2019 |
| Renewable Energy Usage | 37% of total energy consumption |
Diversity and Inclusion
Workforce diversity represents a critical organizational priority.
- Workforce Diversity Composition:
- Women in Leadership: 43%
- Racial/Ethnic Minorities: 52%
- Diversity Inclusion Index: 85/100
Innovation and Operational Excellence
Technological advancement drives operational strategies.
| Innovation Investment | 2024 Figures |
|---|---|
| Technology R&D Spending | $24.3 million |
| Digital Transformation Initiatives | 17 major projects |
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