- My valuation indicates that Park Hotels & Resorts has a fair value of $31.89 with a potential upside of about 50% from the current price of $21.35 in the base.
- The hotel REIT Sector was the hardest-hit REIT sector, but it now appears that the recovery has begun.
- Park Hotels has good quality assets ranging from luxury to upper upscale and the attractiveness of its assets remain intact.
- Its management effectively reduced liquidity risk and is poised to take advantage of the return to normal life.
- The potential exists that Airbnb will weaken luxury chain scales' competitive advantages, but the service needs more time to compete with hotels.
For further details see:
Park Hotels & Resorts: It's Not Too Late To 'Book' Hotel Stocks For Your Account