Park Hotels & Resorts (FRA:HIP) Construction In Progress : €243 Mil (As of Mar. 2024)

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What is Park Hotels & Resorts Construction In Progress?

Park Hotels & Resorts's quarterly construction in progress increased from Sep. 2023 (€276 Mil) to Dec. 2023 (€313 Mil) but then declined from Dec. 2023 (€313 Mil) to Mar. 2024 (€243 Mil).

Park Hotels & Resorts's annual construction in progress increased from Dec. 2021 (€73 Mil) to Dec. 2022 (€190 Mil) and increased from Dec. 2022 (€190 Mil) to Dec. 2023 (€313 Mil).

Park Hotels & Resorts Construction In Progress Historical Data

The historical data trend for Park Hotels & Resorts's Construction In Progress 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 Construction In Progress Chart

Park Hotels & Resorts Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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120.60

42.74

72.57

189.74

312.70

Park Hotels & Resorts Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial															197.07	211.37	276.42	312.70	242.88

Park Hotels & Resorts Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Park Hotels & Resorts (FRA:HIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Park Hotels & Resorts Inc (FRA:HIP) » Definitions » Construction In Progress

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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