About Park Hotels and Resorts

Park Hotels & Resorts Inc. was originally incorporated in Delaware on May 29, 1946, under the name Hilton Hotels Corporation, which later rebranded as Hilton Worldwide, Inc. On November 19, 2007, it adopted its current name, Park Hotels & Resorts Inc. The company is a globally leading hospitality real estate firm, distinguished by a diverse portfolio of premium hotels and resorts with significant underlying real estate value. Their holdings encompass 67 upscale branded properties with nearly 35,000 rooms, strategically located across prime U.S. and international markets that feature high barriers to entry. More than 85% of their rooms fall within the luxury and upper-upscale segments, with close to 90% situated in the United States—including 14 properties in 14 of the top 25 markets as defined by Smith Travel Research (STR). Over 70% of their rooms are concentrated in the central business districts of major urban centers and key resort or convention destinations. Park Hotels & Resorts maintains a long-standing, mutually beneficial relationship with Hilton, one of the world's foremost hotel brand and management companies. The company focuses on continuously enhancing the value of its existing properties while leveraging its scale to allocate capital efficiently, driving economic growth and maintaining a strong, flexible balance sheet to support superior long-term total returns. Company website: http://www.pkhotelsandresorts.com Company address: 1775 Tysons Boulevard 7th Floor Tysons, VA 22102