Selected Reads

Smartkarma

Equity Bottom-Up

Situation Overview: Park Hotels is a new name to VIC, but not a new one to the special situations community. The Company is a lodging REIT, with a portfolio of 46...<a target="_blank" href="https://www.valueinvestorsclub.com/idea/Park_Hotels/8023375414">Read the article on Value Investor Club »</a>

Morningstar

Morningstar, Inc.

In addition to reporting first-quarter results that saw strong fundamental growth, Park Hotels &amp; Resorts announced that it is acquiring Chesapeake Lodging Trust in a combined cash and stock deal valued at $2.7 billion. As a result of the deal and the first-quarter results, we are raising our fair value estimate for no-moat Park to $33 from $31. Park is paying $11 in cash and a fixed 0.628 in Park common shares for each Chesapeake. Given each company's closing price on May 3, this represents an…

Park Hotels &amp; Resorts is the second largest U.S. lodging REIT, focusing on the upper-upscale hotel segment. The company was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017. Since the spin-off, the company has sold 11 international hotels and five lower-quality U.S. hotels to focus on high-quality assets in domestic, gateway markets. Park announced the acquisition of Chesapeake Lodging Trust in May 2019, a complimentary portfolio of 18 high-quality, upper upscale hotels…

United States

Park Hotels & Resorts Inc. owns and operates hotels. The Company offers services and amenities such as accommodation, dining, meeting and wedding rooms, spa, and fitness center. Park Hotels & Resorts serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00