Park Hotels & Resorts: A Compelling Buy

Park Hotels & Resorts (PK) is rated 'Buy' with a conservative $17/share price target, reflecting deep undervaluation and a 9% dividend yield. PK's strategic disposal of non-core hotels and $1B renovation pipeline are expected to boost EBITDA by nearly 60% and enhance portfolio quality. Refinancing of $1.4B in 2026 maturities is underway, reducing near-term debt risk and providing $1.2B in liquidity for operational flexibility.