Buy This REIT, But Not For Income: Park Hotels & Resorts

Company Overview - Park Hotels & Resorts Inc (NYSE: PK) is a REIT specializing in hotels and luxury properties, spun off from Hilton (HLT) in 2017 [1] - The company's shares are currently trading at the lower end of their historical range [1] Investment Strategy - The analyst focuses on long-term ownership rather than short-term price movements, emphasizing valuations over target prices [1] - The approach involves writing articles as if they are letters to the future self, allowing ideas to evolve over time [1] - The analyst has simplified their rating system to "Buy or Don't Buy," with most articles now being either Buy or Hold [1] - No Strong Buy ratings have been issued as of March 2024 [1] Analyst Background - The analyst began investing as an individual value investor in 2020, focusing on understanding business fundamentals and buying at attractive prices [1] - From May 2022 to May 2023, the analyst worked as an investment advisory representative at Fidelity Investments [1] - Currently, the analyst is self-employed through other ventures [1]