Park Hotels & Resorts’ Waldorf Astoria Orlando Ranked Among the Best Hotels in the World by Conde Nast Traveler

Rhea-AI Summary

Park Hotels & Resorts Inc. (NYSE: PK) announced that its Waldorf Astoria Orlando hotel has been ranked 9th in the world by Condé Nast Traveler in the 2024 Readers' Choice Awards for the Best Resorts in the World. This recognition follows Park's $220 million investment to reimagine both the Waldorf Astoria Orlando and Signia by Hilton Orlando Bonnet Creek.

Tom Baltimore, Chairman and CEO of Park Hotels & Resorts, expressed pride in the team's dedication and stated that this accolade demonstrates Park's development capabilities. The company aims to continue creating exceptional guest experiences while driving long-term value for shareholders.

Park Hotels & Resorts is one of the largest publicly traded lodging REITs, with a portfolio of 41 premium-branded hotels and resorts totaling over 25,000 rooms in prime locations.

Positive

• Waldorf Astoria Orlando ranked 9th best resort in the world by Condé Nast Traveler
• $220 million investment in Waldorf Astoria Orlando and Signia by Hilton Orlando Bonnet Creek
• Portfolio of 41 premium-branded hotels and resorts with over 25,000 rooms in prime locations

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• None.

News Market Reaction – PK

+0.64%

1 alert

+0.64% News Effect

On the day this news was published, PK gained 0.64%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

TYSONS, Va., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE: PK) is pleased to announce that the Waldorf Astoria Orlando hotel has been ranked 9^th in the world by Condé Nast Traveler in its prestigious 2024 Readers’ Choice Awards for the Best Resorts in the World.

“We are incredibly honored that the Waldorf Astoria Orlando has been recognized among the world’s most distinguished hotels and resorts,” said Tom Baltimore, Chairman and Chief Executive Officer of Park Hotels & Resorts. “This accolade is a testament to Park’s development capabilities, following our $220 million investment to reimagine both the Waldorf Astoria Orlando and Signia by Hilton Orlando Bonnet Creek. I am extremely proud of our entire team, whose dedication brought our vision to life. We look forward to continuing to create exceptional experiences for our guests, while driving long-term value for Park shareholders.”

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 41 premium-branded hotels and resorts with over 25,000 rooms located in prime city center and resort locations. Visit www.pkhotelsandresorts.com for more information.

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 ranking did the Waldorf Astoria Orlando receive in the 2024 Condé Nast Traveler Readers' Choice Awards?

The Waldorf Astoria Orlando was ranked 9th in the world in the 2024 Condé Nast Traveler Readers' Choice Awards for the Best Resorts in the World.

How much did Park Hotels & Resorts (PK) invest in the Waldorf Astoria Orlando and Signia by Hilton Orlando Bonnet Creek?

Park Hotels & Resorts invested $220 million to reimagine both the Waldorf Astoria Orlando and Signia by Hilton Orlando Bonnet Creek.

How many hotels and rooms are in Park Hotels & Resorts' (PK) portfolio as of October 2024?

As of October 2024, Park Hotels & Resorts' portfolio consists of 41 premium-branded hotels and resorts with over 25,000 rooms located in prime city center and resort locations.