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ubs downgrades park hotels outlook amid hawaii and new york challenges

UBS has downgraded its EBITDA outlook for Park Hotels & Resorts (PK) by 3-4% for fiscal year 2025, citing challenges in Hawaii and New York City. Hawaii, which contributes 32% to PK's EBITDA, is struggling to recover, while rising labor costs in NYC could further strain profitability. Despite these issues, PK offers a strong dividend yield of 10.38% and is investing over $200 million in property renovations.

park hotels and resorts maintains diversified portfolio across major us markets

Park Hotels & Resorts Inc. is a real estate investment trust (REIT) specializing in hotels, boasting a diverse portfolio of 43 premium properties with over 26,000 rooms across major U.S. markets. Approximately 86% of these rooms fall into the luxury and upscale categories, featuring brands like Hilton and Hyatt in urban, convention, and leisure destinations.
19:02 18.11.2024

ubs raises park hotels and resorts price target to fifteen dollars

UBS has raised its price target for Park Hotels & Resorts to $15, up from the previous target of $14. This adjustment reflects a positive outlook for the company in the current market environment.
11:44 18.11.2024
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