PK - Park Hotels & Resorts: Strong Balance Sheet; Well-Covered Dividends

2024-01-31 13:32:10 ET

Summary

• Park Hotels & Resorts focuses on the upper-upscale and luxury full-service segment, generating income from room bookings, food & beverage services, and ancillary offerings.
• Park Hotels & Resorts has improved its balance sheet by exiting its San Francisco hotels, resulting in a fortified financial structure and a reduced net debt.
• The company's dividends are well-covered and have the potential to grow.

Introduction

I have written about several hospitality REITs previously, with my most recent article on Apple Hospitality REIT ( APLE ) and how it is a steady income stream for investors ....

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