Park Hotels & Resorts Inc. Issues Annual Corporate Responsibility Report and Provides Update on Corporate Responsibility Achievements
Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") today announced that the Company has issued its annual Corporate Responsibility ("CR") Report. The CR Report details Park's approach to responsible risk management, environmental stewardship and social commitment and highlights the Company's corporate responsibility initiatives in 2024.
In addition, in recognition of its corporate responsibility efforts, Park is pleased to have achieved a Prime rating1 from ISS ESG Corporate Rating and to have been named by Newsweek to the following lists in 2025: America's Greatest Companies, America's Most Responsible Companies, America's Most Trustworthy Companies and World's Most Trustworthy Companies. Park also achieved its first hotel LEED certification from the renovation of Tapa Tower at Hilton Hawaiian Village Waikiki Beach Resort in Honolulu, HI in 2025.
"We are pleased to share our annual CR Report with our stakeholders as part of our steadfast commitment to responsible risk mitigation, environmental reduction, social advancement and sound governance practices," said Thomas J. Baltimore, Jr., Chairman and Chief Executive Officer of Park. "We firmly believe that our corporate responsibility initiatives are integral to Park's success. Since our last CR Report, we enhanced our environmental data practices by increasing data coverage and achieving limited assurance of Park's environmental data for both 2024 and our 2019 environmental baseline. We also continued to advance our best-in-class risk management program, focusing on asset resiliency and proactive mitigation programs, and we continued to invest in our associates' development and well-being. We are proud that our efforts continue to be recognized externally through rankings such as Newsweek as well as our Prime rating with ISS ESG Corporate Rating. We look forward to continued advancements in 2026, including the potential for additional LEED certifications and the planned integration of Park's first solar PV panel project at Hilton Waikoloa Village in Hawaii."
Park's 2025 CR Report is the Company's eighth annual corporate responsibility report. The CR Report aligns with various globally utilized frameworks, including the Task Force on Climate-Related Financial Disclosures ("TCFD"), Sustainability Accounting Standards Board ("SASB"), United Nations Sustainable Development Goals and Global Reporting Initiative.
Park also participated in the GRESB Real Estate Assessment in 2025 for the sixth consecutive year. Park's score of 87 ranked in the top 17% of all publicly listed GRESB participant companies in the Americas and registered a six-point increase over 2024. Since 2020, Park's GRESB Real Estate Assessment score has increased 16 points overall. Furthermore, Park continued to achieve a GRESB Public Disclosure score of "A" in 2025.
The CR Report, along with Park's latest corporate responsibility policies and GRESB scoring results, are available for download on the Responsibility tab of Park's website: https://www.pkhotelsandresorts.com/responsibility.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to Park's current expectations regarding the performance of its business, financial results, liquidity and capital resources, the completion of capital allocation priorities, the expected repurchase of Park's stock, the impact from macroeconomic factors (including elevated inflation and interest rates, potential economic slowdown or a recession and geopolitical conflicts or trends, including trade policy, travel barriers or changes in travel preferences for U.S. destinations, including as a result of government shutdowns), the effects of competition and the effects of future legislation, executive action or regulations, tariffs, the expected completion of anticipated dispositions, the declaration, payment and any change in amounts of future dividends and other nonhistorical statements. Forward-looking statements include all statements that are not historical facts, and in some cases, can be identified by the use of forward-looking terminology such as the words "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "projects," "predicts," "intends," "plans," "estimates," "anticipates," "hopes" or the negative version of these words or other comparable words. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Park's control and which could materially affect its results of operations, financial condition, cash flows, performance or future achievements or events.
All such forward-looking statements are based on current expectations of management and therefore involve estimates and assumptions that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed in these forward-looking statements. You should not put undue reliance on any forward-looking statements and Park urges investors to carefully review the disclosures Park makes concerning risk and uncertainties in Item 1A: "Risk Factors" in Park's Annual Report on Form 10-K for the year ended December 31, 2024, as such factors may be updated from time to time in Park's filings with the Securities and Exchange Commission ("SEC"), which are accessible on the SEC's website at www.sec.gov. Except as required by law, Park undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
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 35 premium-branded hotels and resorts with approximately 23,000 rooms primarily located in prime city center and resort locations. Visit www.pkhotelsandresorts.com for more information.
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www.pkhotelsandresorts.com
1 Park's ISS ESG Corporate Rating status as Prime is valid as of June 29, 2025.
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For more information, contact:
Ian Weissman
Senior Vice President, Corporate Strategy
571-302-5591
[email protected]