About Park Hotels & Resorts
Park Hotels & Resorts is a company based in Tysons (United States) founded in 2017.. The company has 91 employees as of December 31, 2024. Park Hotels & Resorts has completed 1 acquisition, including Chesapeake Lodging Trust. Park Hotels & Resorts offers products and services including Hotel Portfolio Management and Resort Operations. Park Hotels & Resorts operates in a competitive market with competitors including Summit Hotel Properties, RLJ Lodging Trust, Host Hotels & Resorts, Ryman Hospitality Properties and Sunstone Hotel Investors, among others.
- Headquarter Tysons, United States
- Employees 91 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Park Hotels & Resorts, Inc.
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Annual Revenue
$2.6 B-3.67as on Dec 31, 2024
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Net Profit
$211 M122.11as on Dec 31, 2024
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EBITDA
$594 M-0.67as on Dec 31, 2024
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Latest Funding Round
$950 M (USD), Debt – Conventional
Sep 04, 2019
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Investors
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Employee Count
91
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Park Hotels & Resorts
Park Hotels & Resorts is a publicly listed company on the NYSE with ticker symbol PK in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Park Hotels & Resorts
Park Hotels & Resorts offers a comprehensive portfolio of products and services, including Hotel Portfolio Management and Resort Operations. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages operations of luxury hotels and resorts for guest stays.
Handles resort facilities and events for visitors in US locations.
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Leadership Team
29 people
Finance and Accounting
15 people
Software Development Team
6 people
Legal and Compliance
4 people
Human Resources and Administration
3 people
Data Analysis and Operations Team
2 people
Creative and Marketing Team
1 people
Senior Team
1 people
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Funding Insights of Park Hotels & Resorts
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $950.0M
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First Round
First Round
(04 Sep 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2019 | Amount | Debt – Conventional - Park Hotels & Resorts | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Park Hotels & Resorts
Park Hotels & Resorts has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Chesapeake Lodging Trust. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Real estate investment trust that focuses on hospitality sector.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Park Hotels Resorts
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Park Hotels & Resorts Comparisons
Competitors of Park Hotels & Resorts
Park Hotels & Resorts operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Summit Hotel Properties, RLJ Lodging Trust, Host Hotels & Resorts, Ryman Hospitality Properties and Sunstone Hotel Investors, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Hotel properties are invested in by this equity REIT.
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Equity REIT that invests in Hotel properties
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Equity REIT investing in hotel properties
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| domain | founded_year | HQ Location |
Commercial REIT that invests in hotel assets in urban and resort markets, media and entertainment assets
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| domain | founded_year | HQ Location |
Hotel properties are invested in as an equity REIT.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Park Hotels & Resorts
Frequently Asked Questions about Park Hotels & Resorts
When was Park Hotels & Resorts founded?
Park Hotels & Resorts was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Park Hotels & Resorts located?
Park Hotels & Resorts is headquartered in Tysons, United States. It is registered at Tysons, Virginia, United States.
How many employees does Park Hotels & Resorts have?
As of Dec 31, 2024, the latest employee count at Park Hotels & Resorts is 91.
What is the annual revenue of Park Hotels & Resorts?
Annual revenue of Park Hotels & Resorts is $2.6B as on Dec 31, 2024.
What does Park Hotels & Resorts do?
Park Hotels Resorts was established in 2017 as a real estate investment trust headquartered in Tysons, United States. A portfolio of upper-upscale hotels and resorts is owned and operated across multiple U.S. locations. Emphasis is placed on hospitality sector investments, with properties selected for their market positioning. Management activities include asset oversight and revenue generation from lodging services, supporting long-term value in the real estate domain.
Who are the top competitors of Park Hotels & Resorts?
Park Hotels & Resorts's top competitors include RLJ Lodging Trust, Summit Hotel Properties and Ashford Trust.
What products or services does Park Hotels & Resorts offer?
Park Hotels & Resorts offers Hotel Portfolio Management and Resort Operations.
Is Park Hotels & Resorts publicly traded?
Yes, Park Hotels & Resorts is publicly traded on NYSE under the ticker symbol PK.
How many acquisitions has Park Hotels & Resorts made?
Park Hotels & Resorts has made 1 acquisition, including Chesapeake Lodging Trust.
What is Park Hotels & Resorts's ticker symbol?
The ticker symbol of Park Hotels & Resorts is PK on NYSE.