Park Hotels & Resorts (FRA:HIP) Buildings And Improvements : €5,331 Mil (As of Dec. 2023)

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What is Park Hotels & Resorts Buildings And Improvements?

Park Hotels & Resorts's quarterly buildings and improvements increased from Jun. 2023 (€5,822 Mil) to Sep. 2023 (€5,917 Mil) but then declined from Sep. 2023 (€5,917 Mil) to Dec. 2023 (€5,331 Mil).

Park Hotels & Resorts's annual buildings and improvements increased from Dec. 2021 (€5,846 Mil) to Dec. 2022 (€6,147 Mil) but then declined from Dec. 2022 (€6,147 Mil) to Dec. 2023 (€5,331 Mil).

Park Hotels & Resorts Buildings And Improvements Historical Data

The historical data trend for Park Hotels & Resorts's Buildings And Improvements can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Park Hotels & Resorts Buildings And Improvements Chart

Park Hotels & Resorts Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Buildings And Improvements

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6,280.20

5,713.72

5,846.31

6,147.33

5,331.44

Park Hotels & Resorts Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Buildings And Improvements	Get a 7-Day Free Trial															6,147.33	6,042.05	5,822.28	5,917.16	5,331.44

Park Hotels & Resorts Buildings And Improvements Calculation

Buildings are typically valued at the time of acquisition or construction. Broker and architect fees, permits, etc. can be covered within this category. Building components, such as a roof, are normally recorded separately in an asset register since the value and useful lives of these components equal much less than the building itself.

Building improvements that extend the useful life of a building will fall into the category of “building improvements” and should be capitalized. Improvements are commonly recorded at acquisition cost. Building improvement examples include roofing, remodeling, replacements, etc.

Park Hotels & Resorts (FRA:HIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Park Hotels & Resorts Inc (FRA:HIP) » Definitions » Buildings And Improvements

Comparable Companies

Traded in Other Exchanges

PK:USA HIP:Germany

Address

1775 Tysons Boulevard, 7th Floor, Tysons, VA, USA, 22102

Website

https://www.pkhotelsandresorts.com

Park Hotels & Resorts owns upper-upscale and luxury hotels with 26,373 rooms across 41 hotels in the United States. Park also has interests through joint ventures in another 2,656 rooms in four U.S. hotels. Park was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017, so most of the company's hotels are still under Hilton brands. The company has sold all its international hotels and many of its lower-quality U.S. hotels to focus on high-quality assets in domestic gateway markets.

Park Hotels & Resorts (FRA:HIP) Headlines

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