Is Park Hotels & Resorts a Buy?
There’s no doubt about it — although the COVID-19 pandemic isn’t quite over just yet, life is starting to get back to normal throughout the United States. Pent-up demand is causing flights and rental cars to sell out, and hotel rooms are getting significantly more expensive.
A real estate investment trust, or REIT, like Park Hotels & Resorts (NYSE: PK), could be an interesting way to get exposure to the pent-up demand for travel in your stock portfolio. Here’s a bit about Park Hotels & Resorts, why it could be an interesting stock to invest in, and whether it could be a smart buy now.
Park Hotels & Resorts in a nutshell
If you want a full rundown of Park Hotels & Resorts’ investment strategy, check out this deep dive. But here’s the general idea.
Park Hotels & Resorts is one of the largest hotel REITs in the market, with a specific focus on high-end and luxury properties. Among its…