Media Coverage An Undervalued Spinoff (HGV mention) 5/4/2017 Lauren George Share Summary Park Hotels & Resorts and Hilton Grand Vacations are two spinoffs from Hilton Worldwide Holdings that began trading in January of 2017. Since that time, HLT and HGV have both performed well, while PK has underperformed the market. PK is undervalued. It trades at a significantly cheaper valuation than its peers. There are notable market inefficiencies that explain the current underperformance of PK. The inexpensive valuation, short-term market inefficiencies, the positive track record of spinoffs in the medium term, and the positive outlook for Hospitality REITs make it a buying opportunity. Source: Seeking Alpha View full article as PDF