PK: Adding Park Hotels & Resorts to Investing Ideas (Short Side)

08/24/21 10:27AM EDT

Hedgeye CEO Keith McCullough is adding Park Hotels & Resorts (PK) to the short side of Investing Ideas. Below is a brief note.

Not all REITS are longs in #Quad3. In back-tested-fact, as a subsector of REITS, hotels (and hotel REITS) are bloody awful in #Quad3...

Think about why? Slowing revenues into sticky/rising costs...

Gaming, Lodging, & Leisure analyst Todd Jordan reiterated what's been a great #Quad3 short: Park Hotels (PK). On The Call @Hedgeye this morning he reminded us that PK has 20% exposure to Hawaii.

Sellem on green, after they bounce,

KM

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.