Park Hotels divests five non-core properties for $198 million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2025
0mins
Should l Buy PK?
Source: SeekingAlpha
Hotel Sales Announcement: Park Hotels & Resorts has announced the sale of five non-core hotels, expecting gross proceeds of approximately $198 million, with transactions closing between May 2025 and early 2026.
Exit from Non-Core Properties: By year-end, Park will have exited three additional non-core hotels on expiring ground leases, which collectively generated minimal EBITDA in 2025.
RevPAR Performance: The company reaffirmed its full-year 2025 outlook, reporting a preliminary November RevPAR increase of around 2%, excluding the Royal Palm South Beach Miami hotel, which is undergoing renovations.
Core Hotel Growth: Excluding the Royal Palm South Beach Miami hotel, Park's core hotels experienced notable RevPAR growth of 3.8% in October and 5.5% in November.
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Analyst Views on PK
Wall Street analysts forecast PK stock price to rise
7 Analyst Rating
2 Buy
5 Hold
0 Sell
Moderate Buy
Current: 11.420
Low
10.50
Averages
11.93
High
14.00
Current: 11.420
Low
10.50
Averages
11.93
High
14.00
About PK
Park Hotels & Resorts Inc. is a lodging real estate investment trust (REIT). The Company has a diverse portfolio of hotels and resorts with significant underlying real estate value. It has interests in 36 hotels, consisting of premium-branded hotels and resorts with approximately 23,055 rooms, of which over 87% are luxury and upper upscale and are located in prime United States markets and its territories. Its high-quality portfolio includes hotels mostly in major urban and convention areas, such as New York City, Washington, D.C., Chicago, Boston, New Orleans and Denver; and premier resorts in key leisure destinations, including Hawaii, Orlando, Key West and Miami Beach; as well as hotels in select airport and suburban locations. Its brands include Hilton Hotels & Resorts, DoubleTree by Hilton, Signia by Hilton, Marriott, Hyatt Regency, Embassy Suites by Hilton, Marriott Tribute Portfolio, Curio - A Collection by Hilton, Waldorf Astoria Hotels & Resorts, JW Marriott, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Historical Dividend Analysis: The report emphasizes that studying a company's past dividend history is crucial for assessing the sustainability of the latest dividend, particularly in the REIT sector, where past performance can provide significant insights into future payouts.
- Market Reaction: While the current dividend level appeals to value investors, concerns about overall volatility and profitability in the REIT sector may influence long-term investor confidence and decision-making.
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