Park Hotels & Resorts (PK) Gets Higher Price Objective from Morgan Stanley

Park Hotels & Resorts (PK) Gets Higher Price Objective from Morgan Stanley Vardah Gill Tue, May 26, 2026 at 3:16 PM GMT+2 2 min read PK Park Hotels & Resorts Inc. (NYSE: PK ) is included among the 10 Best Stocks Under $15 to Buy Right Now . Park Hotels & Resorts (PK) Gets Higher Price Objective from Morgan Stanley On May 12, Morgan Stanley raised its price recommendation on Park Hotels & Resorts Inc.

(NYSE:PK) to $10. 50 from $10. It reiterated an Equal Weight rating on the shares.

During the Q1 2026 earnings call, Chairman, President, and CEO Thomas Baltimore said the company delivered better-than-expected results. RevPAR increased 5. 5% year over year, excluding the Royal Palm South Beach Hotel.

He credited the performance to continued strength in leisure demand across the company’s resort properties, along with solid corporate group demand. Baltimore also said the company recently sold the 396-room Hilton Seattle Airport Hotel for $18 million. According to him, total non-core asset sales for the year reached $31 million.

He added that the company continued making steady progress on the remaining 12 non-core hotels and remained committed to significantly reducing non-core exposure by the end of the year. Speaking about the Royal Palm South Beach property, Baltimore said the project remained on track for completion by early June. He also pointed to encouraging early booking trends, noting that the property had already secured $1.

4 million in group business for 2027 by the end of the first quarter at an average rate of $460. Baltimore further reiterated the company’s underwriting expectations. He said returns on invested capital were projected to range between 15% and 20%, while EBITDA was expected to more than double from around $14 million to $28 million once the property reached stabilization.

Park Hotels & Resorts Inc. (NYSE:PK) is a lodging REIT with a portfolio of hotels and resorts across the United States. The company owns around 34 hotels and resorts with nearly 23,000 rooms.

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