PK

Park Hotels & Resorts Inc. (NYSE:PK) is a publicly traded real estate investment trust (REIT) that was spun off from Hilton Worldwide Holdings in January 2017. The company emerged as the second-largest publicly traded lodging REIT in the United States, inheriting a portfolio of premium hotels and resorts that were previously owned by Hilton. Park Hotels operates as a pure-play hotel ownership company, focusing on owning and investing in high-quality hospitality real estate assets rather than managing hotel operations directly.