GBA's "2021 Stock Phantasma"

Park Hotels & Resorts: What You Need to Know

This luxury-focused hotel operator could be well positioned to thrive in a post-pandemic world.


Hotel real estate can be a very interesting type of investment. Unlike most other types of commercial real estate, hotels measure their "lease" length in days, not months or years. This gives the ability to continuously adjust prices to align with demand, which can be a positive or negative depending on the economic climate.





One of the more interesting hotel real estate investment trusts, or hotel REITs, to put on your radar is Park Hotels & Resorts(NYSE: PK), one of the larger hotel owners in the U.S. In this article, we'll take a closer look at Park Hotels & Resorts' portfolio, growth strategy, recent news, historical performance, and more.

Park Hotels & Resorts company profile
As mentioned, Park Hotels & Resorts is a hotel REIT. It focuses on higher-end and luxury properties located in desirable urban and resort destinations. As of November 2020, Park owned a portfolio of 60 hotels with more than 33,000 rooms. The company is the second largest publicly traded hotel REIT (if you're curious,Host Hotels & Resorts(NYSE: HST) is the largest).

The company's two largest markets are Hawaii and San Francisco, which combined for 43% of Park's earnings last year. Additional major markets include Orlando, New Orleans, Boston, New York City, and Chicago, but the company has a smaller presence in several other markets. The vast majority of Park's properties are operated under Hilton brands, but there are some Marriott, Hyatt, and IHG-branded hotels in the portfolio as well.

Park is also a somewhat top-heavy hotel REIT, getting nearly 90% of its EBITDAfrom its top 30 properties. Many of its hotels are large-scale properties that are iconic in their respective markets. These hotels include the Hilton Hawaiian Village Waikiki Beach Resort, Hilton San Francisco Union Square, Waldorf Astoria Orlando, New York Hilton Midtown, and Casa Marina in Key West, just to name a few.

Park Hotels & Resorts was spun off from Hilton in 2017 (which is why it owns primarily Hilton-branded properties). Since that time, the company has exited the international hotel business, increased profitability, and diversified the business by focusing on acquisitions of non-Hilton hotel properties.

Park Hotels & Resorts news
By far, the most significant news regarding Park's business is the COVID-19 pandemic. Like virtually all hotel operators, the COVID-19 pandemic hit Park hard. At one point, 38 of its 60 properties were closed.

However, Park is in a somewhat favorable position since its properties are generally leisure oriented. It certainly has a significant amount of meeting space (2.3 million square feet), but this isn't the main focus of its properties, nor is catering to business travelers. As of late 2020, group events like conferences and conventions aren't happening, and business travel is extremely slow, but leisure travel has come back nicely. In October 2020, 49 of Park's 60 hotels were open for business, and its open properties had 43% occupancy, which is historically very low but better than many peers.

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I have to check the % but I like this idea because they are NOT international (no one is flying) but they stand to reap benefit of re opening. Larger spaces = good and not too much corporate stuff (also not happening)......

It's a lot like Red Rock Resorts- without the gambling and more sites....
 
Calix looks interesting it has decent financials and a good chart.--

Looks to be up 4% @ $41.15+1.64 (4.15%)

Description A Lot Like A Lot of Companies! Cloud blah blah blah

Calix, Inc., together with its subsidiaries, provides cloud and software platforms, and systems and services required to deliver the unified access network in the United States, the Middle East, Canada, Europe, the Caribbean, and internationally. The company's cloud and software platforms, and systems and services enable communication service providers (CSPs) to provide a range of services, such as basic voice and data, and advanced broadband services. Its premises systems allow CSPs to master the complexity of the smart and connected homes and offer services to differentiate through the delivery of a subscriber experience. The company offers Calix Cloud, an analytics platform that leverages network data and subscriber behavioral data to deliver analytics and intelligence to communications professionals through role specific dashboards; and Calix Marketing Cloud for CSP marketing teams, as well as Calix Support Cloud for CSP customer support teams. It also provides Experience eXtensible Operating System, a carrier class premises operating system and software platform that supports residential, business, and mobile subscribers; and Access eXtensible Operating System, a software platform built for the specific needs of the access network. The company offers its products through its direct sales force and resellers. Calix, Inc. was founded in 1999 and is headquartered in San Jose, California.
 
stonedinvestor said:
Park Hotels & Resorts: What You Need to Know

This luxury-focused hotel operator could be well positioned to thrive in a post-pandemic world.


Hotel real estate can be a very interesting type of investment. Unlike most other types of commercial real estate, hotels measure their "lease" length in days, not months or years. This gives the ability to continuously adjust prices to align with demand, which can be a positive or negative depending on the economic climate.





One of the more interesting hotel real estate investment trusts, or hotel REITs, to put on your radar is Park Hotels & Resorts(NYSE: PK), one of the larger hotel owners in the U.S. In this article, we'll take a closer look at Park Hotels & Resorts' portfolio, growth strategy, recent news, historical performance, and more.

Park Hotels & Resorts company profile
As mentioned, Park Hotels & Resorts is a hotel REIT. It focuses on higher-end and luxury properties located in desirable urban and resort destinations. As of November 2020, Park owned a portfolio of 60 hotels with more than 33,000 rooms. The company is the second largest publicly traded hotel REIT (if you're curious,Host Hotels & Resorts(NYSE: HST) is the largest).

The company's two largest markets are Hawaii and San Francisco, which combined for 43% of Park's earnings last year. Additional major markets include Orlando, New Orleans, Boston, New York City, and Chicago, but the company has a smaller presence in several other markets. The vast majority of Park's properties are operated under Hilton brands, but there are some Marriott, Hyatt, and IHG-branded hotels in the portfolio as well.

Park is also a somewhat top-heavy hotel REIT, getting nearly 90% of its EBITDAfrom its top 30 properties. Many of its hotels are large-scale properties that are iconic in their respective markets. These hotels include the Hilton Hawaiian Village Waikiki Beach Resort, Hilton San Francisco Union Square, Waldorf Astoria Orlando, New York Hilton Midtown, and Casa Marina in Key West, just to name a few.

Park Hotels & Resorts was spun off from Hilton in 2017 (which is why it owns primarily Hilton-branded properties). Since that time, the company has exited the international hotel business, increased profitability, and diversified the business by focusing on acquisitions of non-Hilton hotel properties.

Park Hotels & Resorts news
By far, the most significant news regarding Park's business is the COVID-19 pandemic. Like virtually all hotel operators, the COVID-19 pandemic hit Park hard. At one point, 38 of its 60 properties were closed.

However, Park is in a somewhat favorable position since its properties are generally leisure oriented. It certainly has a significant amount of meeting space (2.3 million square feet), but this isn't the main focus of its properties, nor is catering to business travelers. As of late 2020, group events like conferences and conventions aren't happening, and business travel is extremely slow, but leisure travel has come back nicely. In October 2020, 49 of Park's 60 hotels were open for business, and its open properties had 43% occupancy, which is historically very low but better than many peers.

/////////

I have to check the % but I like this idea because they are NOT international (no one is flying) but they stand to reap benefit of re opening. Larger spaces = good and not too much corporate stuff (also not happening)......

It's a lot like Red Rock Resorts- without the gambling and more sites....
More...

Yeah, I flagged Park when it was $6. A bunch of others too.
https://www.elitetrader.com/et/thre...at-might-be-worth-a-look.341798/#post-5039929
The only loser on there is Core-Civic. For profit prisons.

Park is not currently paying a dividend. The last one they paid was March 2020 for $0.45.
Smart move, they needed the cash to weather Covid.
 
WATCH OPGN. Could be a $2.50 - $3.50 trade shaping up.
$2.54+0.25 (10.92%)

Aemetis announces five-yeatr plan targeting $1B of revenue by 2025 08:44 AMTX

-PAGS is Up Again!!! <-- Last weeks Pick!

-
 
I know Yandex is Russian scary!

As a precautionary measure in light of COVID-19, Park Hotels & Resorts (NYSE:PK) has suspended dividendpayments following the payment of its Q1dividendtill the board determines a year-end dividend, if any. Park will save ~$105M of cash per calendar quarter based upon the dividendpaid in April 2020.
 
I have to get a little deeper into it but so far Calix looks the most interesting to me.
CALX. Of course it's at a 52 week high!

PARR-
Description

Par Pacific Holdings, Inc. owns, manages, and maintains interests in energy and infrastructure businesses. The company operates in three segments: Refining, Retail, and Logistics. The Refining segment operates four refineries that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, distillate, asphalt, low sulfur fuel oil, and other associated refined products primarily for consumption in Hawaii, Pacific Northwest, Wyoming, and South Dakota. The Retail segment operates retail outlets, which sell gasoline, diesel, and retail merchandise in the island of Oahu, Maui, Hawaii, and Kauai. It operates 124 outlets under the Hele, 76, nomnom, Cenex, and Zip Trip brand names in Hawaii, Washington, and Idaho. The Logistics segment owns and operates terminals, pipelines, a single-point mooring, and trucking operations to distribute refined products throughout the island of Oahu, Maui, Hawaii, Molokai, and Kauai. It also owns and operates a crude oil pipeline gathering system, a refined products pipeline, and storage facilities and loading racks in Wyoming; and a jet fuel storage facility and pipeline that serves Ellsworth Air Force Base in South Dakota. In addition, this segment owns and operates a marine terminal, a unit train-capable rail loading terminal, storage facilities, a truck rack, and a proprietary pipeline that serves McChord Air Force Base in Washington. The company was formerly known as Par Petroleum Corporation and changed its name to Par Pacific Holdings, Inc. in October 2015. Par Pacific Holdings, Inc. was founded in 1984 and is headquartered in Houston, Texas.
 
Just had our first meeting by video with a HS guidance teacher about college for my kid...
It's on. Jesus.

Unv Rhode Island // Ct College // are two nearby ones that we like.
Univ Delaware? // Christ... Something in Florida... Maybe NC....

Relatively non competitive with the academics not too much work-
Div 3 sort of basketball team or really good intramural basketball program...

Elon... If anybody has an idea let me know. Marine biology or Political Science seems to be his direction--
 
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