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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.
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.
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