12 Best Hotel Stocks To Buy According to Analysts

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6. Park Hotels & Resorts Inc. (NYSE:PK)

Analyst Upside Potential: 32.52%

Number of Hedge Fund Holders: 24

Park Hotels & Resorts Inc. (NYSE:PK) is a lodging real estate investment trust with a diverse portfolio of hotels and resorts. Its portfolio comprises 43 premium-branded hotels and resorts, containing over 26,000 rooms in prime US markets. Around 86% of the company’s rooms are upper upscale and luxury. The company’s operations are divided into consolidated hotels and unconsolidated hotels.

Its fiscal Q3 2024 results showed comparable RevPAR growth of over 3% compared to fiscal Q3 2023. This growth was attributed to the increasing demand trends at its hotels in Boston, New Orleans, and Chicago. Another growth driver for Park Hotels & Resorts Inc. (NYSE:PK) was strong performance at its Orlando and Key West hotels, which are continually benefiting from recently completely renovations. To continue this momentum, the company started over $200 million of comprehensive guestroom renovations at various other locations, including the Rainbow Tower at the Hilton Hawaiian Village Waikiki Beach Resort, the Palace Tower at the Hilton Waikoloa Village, and the Main Tower at the Hilton New Orleans Riverside.

Park Hotels & Resorts Inc. (NYSE:PK) also continued to execute its capital allocation strategies in fiscal Q3 2024, disposing of non-core assets (including the Hilton Oakland Airport), investing in its portfolio, and repurchasing an additional 2.5 million shares of its common stock for $35 million.

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