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Park Hotels & Resorts Announces 2024 ENERGY STAR® Partner of the Year Award

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Park Hotels & Resorts Inc. receives the 2024 ENERGY STAR Partner of the Year Award for Energy Management, marking the second consecutive year of this achievement. The Company stands out as the sole hotel company to earn this recognition for its energy management program, showcasing a strong commitment to sustainability and environmental stewardship.
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TYSONS, Va., March 26, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) is proud to announce that it has received the 2024 ENERGY STAR Partner of the Year Award for Energy Management from the U.S. Environmental Protection Agency (“EPA”). This is the second consecutive year that Park has received this honor and the Company is once again the only hotel company to have earned this recognition for its energy management program.

“We are honored to be recognized as a 2024 ENERGY STAR Partner of the Year for our commitment to improving energy efficiency at our hotels,” said Thomas J. Baltimore, Jr., Chairman and CEO of Park. “I am proud of our commitment to reducing our environmental footprint through targeted efficiency investments and upgrades and am pleased that we have once again been recognized as an industry leader.”

“I congratulate this year’s ENERGY STAR award winners for their innovation and leadership, in delivering cost-effective energy efficient solutions that create jobs, address climate change, and contribute to a healthier environment for all,” said EPA Administrator Michael S. Regan.

Winners are selected from a network of thousands of ENERGY STAR partners. For a complete list of 2024 winners and more information about ENERGY STAR’s awards program, visit energystar.gov/awardwinners.

ENERGY STAR Partner of the Year is the highest level of EPA recognition for corporate energy management programs. More specifically, ENERGY STAR Partner of the Year award winners for Energy Management have demonstrated a high level of excellence in improving the energy performance of buildings and plants through a corporate-wide, portfolio-based energy program.

Park’s portfolio-wide efforts to drive environmental efficiencies are an integral part of the Company’s broader corporate responsibility commitments and strategies. For more information about the Company’s corporate responsibility program, visit https://www.pkhotelsandresorts.com/responsibility.

About Park Hotels & Resorts
Park is one of the largest publicly traded lodging REITs, with a diverse portfolio of iconic and market-leading hotels and resorts with significant underlying real estate value. Park’s portfolio currently consists of 43 premium-branded hotels and resorts with over 26,000 rooms located in prime city center and resort locations. Visit www.pkhotelsandresorts.com for more information.

About ENERGY STAR
ENERGY STAR® is the government-backed symbol for energy efficiency, providing simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations rely on their partnership with the U.S. Environmental Protection Agency (EPA) to deliver cost-saving energy efficiency solutions. Since 1992, ENERGY STAR and its partners helped American families and businesses avoid more than $500 billion in energy costs and achieve more than 4 billion metric tons of greenhouse gas reductions. More background information about ENERGY STAR’s impacts can be found at www.energystar.gov/impacts.

For more information, contact:
Ian Weissman
Senior Vice President, Corporate Strategy
571-302-5591
iweissman@pkhotelsandresorts.com

For additional information or to receive press releases via e-mail, please visit our website at
www.pkhotelsandresorts.com


FAQ

What award did Park Hotels & Resorts Inc. receive in 2024?

Park Hotels & Resorts Inc. received the 2024 ENERGY STAR Partner of the Year Award for Energy Management.

How many consecutive years has Park Hotels & Resorts Inc. received this award?

Park Hotels & Resorts Inc. has received this award for the second consecutive year.

Who is the Chairman and CEO of Park Hotels & Resorts Inc.?

Thomas J. Baltimore, Jr. serves as the Chairman and CEO of Park Hotels & Resorts Inc.

What does the recognition for energy management program signify for Park Hotels & Resorts Inc.?

The recognition signifies Park Hotels & Resorts Inc.'s strong commitment to improving energy efficiency at its hotels and reducing its environmental footprint through targeted efficiency investments and upgrades.

Who selects the winners of the ENERGY STAR award?

Winners of the ENERGY STAR award are selected from a network of thousands of ENERGY STAR partners.

Park Hotels & Resorts Inc.

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About PK

park hotels & resorts inc. (nyse: pk) is one of the largest publicly traded lodging real estate investment trusts with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. the company’s portfolio currently consists of 67 premium-branded hotels and resorts with over 35,000 rooms located in prime u.s. and international markets with high barriers to entry. for additional information, please visit the company's website at www.pkhotelsandresorts.com.