Park Hotels reopens Royal Palm South Beach after $100M renovation

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Go back to Park Hotels reopens Royal Palm South Beach after $100M renovation

Park Hotels & Resorts Inc. Completes the Transformative Renovation of the Iconic Royal Palm South Beach Miami Hotel

July 22, 2026 4:15 PM EDT

TYSONS, Va.--(BUSINESS WIRE)-- Park Hotels & Resorts Inc. (Park) (NYSE: PK) today announced the reopening of the Royal Palm South Beach Miami, a Tribute Portfolio Resort (Royal Palm), following the completion of the iconic oceanfront resorts more than $100 million comprehensive renovation.

"Our investment in the Royal Palm reflects Park's disciplined approach to capital allocation and our ability to create meaningful long-term shareholder value through high-return redevelopment projects," said Thomas J. Baltimore, Jr., Chairman and Chief Executive Officer of Park. "Miami remains one of the strongest lodging markets in the country, and we... More