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Park Hotels Paints Picture of What Hospitality Will Look Like Post COVID-19

CEO Says Large Gap in Price Discount Expected by Hotel Buyers and Sellers Holding Back Property Sales
The Hilton Miami Airport is located in Miami, Florida, one the “drive-to” markets where Park Hotels and Resorts plans to focus its initial reopening efforts as travel bans are lifted.  (CoStar).<br/>
The Hilton Miami Airport is located in Miami, Florida, one the “drive-to” markets where Park Hotels and Resorts plans to focus its initial reopening efforts as travel bans are lifted. (CoStar).
By Madison Cromwell
CoStar Research
May 18, 2020 | 7:36 P.M.

Park Hotels & Resorts CEO Thomas Baltimore said the northern Virginia-based real estate investment trust expects to reopen several of its hotel properties beginning in early June depending on the status of limitations in each state.

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