NYSE:PKHotel and Resort REITs
How Investors Are Reacting To Park Hotels & Resorts (PK) Rising Liquidity And Fresh Institutional Support
In the past quarter, Pennsylvania-based Matthew 25 Management increased its position in Park Hotels & Resorts by 373,500 shares, lifting its investment to about US$5.26 million while Park’s management highlighted roughly US$2.10 billion of liquidity and projected a 12% fourth-quarter group revenue pace improvement.
Together, this incremental institutional backing and management’s emphasis on financial flexibility and forward bookings point to growing confidence in Park’s ability to manage...