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Park Hotels & Resorts Inc. Names Carl A. Mayfield Executive Vice President—Design & Construction

September 17, 2018

TYSONS, Va.--(BUSINESS WIRE)--Sep 17, 2018--Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) announced today that Carl A. Mayfield has joined the company as Executive Vice President—Design & Construction effective September 17, 2018. Mr. Mayfield will report directly to Thomas J. Baltimore, Jr., Park’s Chairman, President and Chief Executive Officer.

“We are thrilled to welcome Carl to the Park team,” commented Mr. Baltimore. “Carl is a widely respected design and construction executive and an exceptional leader with over 30 years of experience across multiple industries.”

Mr. Mayfield joins Park following 14 years as the Senior Vice President of Design & Construction at RLJ Lodging Trust (“RLJ”) where he was an integral member of the senior management team. During his time at RLJ, Mr. Mayfield was responsible for providing enterprise leadership to RLJ’s project management team and overseeing all phases of capital projects. His responsibilities included disaster remediation, energy management and conservation strategies, physical due diligence, budgeting, scheduling, brand coordination, contracting and capital execution. He also provided leadership on all aspects of development projects which included programming, planning, entitlements, budgeting, and public-private partnerships.

Prior to his tenure at RLJ, Mr. Mayfield was the Project Executive for Georgetown University’s $300-million, mixed-use campus expansion project, “Southwest Quadrangle Project.” Mr. Mayfield previously held senior positions representing Washington Sports and Entertainment and the World Bank. Mr. Mayfield’s 32 years of progressive experience managing multi-million to multi-billion-dollar portfolios in design, construction and real estate development projects has covered the broad spectrum of residential, commercial, sports and entertainment, and hospitality.

Mr. Mayfield earned a B.S. in civil engineering from the University of Delaware and an M.S. in real estate development from Johns Hopkins University. He serves on the board of directors of the American Red Cross of the National Capital Region and the Montgomery County Boys and Girls Club. He is also an executive mentor to graduate students at the Georgetown University McDonough School of Business.

About Park Hotels & Resorts

Park Hotels & Resorts Inc. (NYSE: PK) is the second largest publicly traded lodging real estate investment trusts with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park’s portfolio currently consists of 54 premium-branded hotels and resorts with over 32,000 rooms located in prime U.S. markets with high barriers to entry. For additional information, please visit Park’s website at www.pkhotelsandresorts.com.

For additional information or to receive press releases via e-mail, please visit our website at www.pkhotelsandresorts.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20180917005762/en/

CONTACT: Park Hotels & Resorts Inc.

Ian Weissman

Senior Vice President, Corporate Strategy

571-302-5591

iweissman@pkhotelsandresorts.com

KEYWORD: UNITED STATES NORTH AMERICA VIRGINIA

INDUSTRY KEYWORD: TRAVEL DESTINATIONS VACATION LODGING ARCHITECTURE PROFESSIONAL SERVICES FINANCE CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE

SOURCE: Park Hotels & Resorts Inc.

Copyright Business Wire 2018.

PUB: 09/17/2018 04:33 PM/DISC: 09/17/2018 04:33 PM

http://www.businesswire.com/news/home/20180917005762/en

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