Park Hotels & Resorts, Inc. operates as a real estate investment trust, which owns and operates hotels and resorts. The company is headquartered in Tysons Corner, Virginia and currently employs 91 full-time employees. The company went IPO on 2016-12-13. The firm has a diverse portfolio of hotels and resorts with underlying real estate value. The firm operates through the consolidated hotels segment. The firm holds investments in entities that have ownership or leasehold interests in about 46 hotels, consisting of premium-branded hotels and resorts with over 29,000 rooms, of which approximately 88% are luxury and upper upscale and are located in the United States markets and its territories. Its portfolio includes hotels mostly in major urban and convention areas, such as New York City, Washington, D.C., Chicago, San Francisco, Boston, New Orleans and Denver; and premier resorts in key leisure destinations, including Hawaii, Orlando, Key West and Miami Beach; as well as hotels in select airports and suburban locations. The company affiliates with brands, such as Hilton, Marriott and Hyatt, and the Company partners with both brand and third-party operators.