This is a promising lodging REIT with an attractive valuation. The lodging REIT has a widely diversified property portfolio in the hotel/resort segments as well as some international exposure. Shares sell for a reasonable 2018e AFFO multiple. An investment in the stock yields 6.0 percent.
Park Hotels & Resorts, Inc. (PK) is a promising lodging REIT income play that investors may want to consider for their dividend portfolios. Park Hotels & Resorts has a widely diversified hotel real estate portfolio in the United States as well as international hotel exposure. The lodging REIT's shares are selling for a competitive run-rate AFFO multiple and throw off a dividend of 6.0 percent.
Source: Seeking Alpha
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