PK

Park Hotels & Resorts Inc

Consumer


Presented:01/25/2017
Price:$27.23
Cap:$5.49B
Current Price:$14.35
Cap:$3.00B

Presented

Date01/25/2017
Price$27.23
Market Cap$5.49B
Ent ValueN/A
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/S197.61M
Ave Daily Vol3,734,062
Short IntN/A

Current

Price$14.35
Market Cap$3.00B
Park Hotels & Resorts, Inc. owns and operates hotels and resorts. It offers accomodation, lodging, and different amenities to business and leisure travelers. The firm portfolio of hotels include Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, Doubletree (DoubleTree by Hilton), Embassy Suites Hotels, Hilton Garden Inn, Hampton Inn and Hampton Inn & Suites, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations. The company was founded by Conrad Hilton in 1919 and is headquartered in McLean, VA.

Publicly traded companies mentioned herein: Hilton Hotels Corp (HLT), Park Hotels and Resorts Inc (PK)

Highlights

The presenter is long shares of Park Hotels and Resorts (PK), viewing it as the most compelling piece of the old Hilton business at current price levels. The presenter sees meaningful operational and margin improvement opportunities at PK properties, and states that as an independent company, PK is in a better position to execute on more granular, property-specific initiatives to boost earnings. The attention on the Hilton and Timeshare businesses has led to a relatively ignored PK business that is trading at a discount to peers, and the presenter views this as an attractive buying opportunity. He models 20% appreciation in PK shares over the next 12 months, from $27 today to $33.

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Idea Discussion

Commentor 1 - 2 weeks ago

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