Park appoints EVP/chief investment officer

Hilton San Francisco Union Square's exterior
Park Hotels & Resorts, a lodging real estate investment trust with 62 properties in its portfolio—including the Hilton San Francisco Union Square—appointed Thomas C. Morey EVP/chief investment officer. Photo credit: Hilton

Park Hotels & Resorts appointed Thomas C. Morey EVP/chief investment officer, where he replaces Matthew A. Sparks. Morey, who already held the title EVP, also will retain his role as general counsel on an interim basis until his successor is appointed.

Morey joined Park in 2016 as part of the executive team recruited by Chairman/CEO Thomas J. Baltimore to lead the spin-off of Park from Hilton. Since then, he has led the execution of some of the company’s most significant transactions, including its merger with Chesapeake Lodging Trust and the repurchase of common shares from HNA Tourism Group Co. Additionally, Morey played a role in Park’s dispositions of 22 noncore assets for nearly $1 billion.

Before Park, Morey served as general counsel of Washington REIT. Earlier in his career, he was a corporate partner with Hogan & Hartson, a multinational law firm (now Hogan Lovells US), where he focused on capital markets transactions, mergers and acquisitions and strategic investments for lodging, residential, office, retail and other real estate investment trusts.

Virtual Event


Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.

“Tom Morey has led the execution of Park’s most important transactions to date—and is an experienced, disciplined and strategic executive,” Baltimore said in a statement. “Tom’s transition to an even more impactful role is well deserved—and I am confident that he will continue to make significant contributions to our future growth. I also want to thank Matt Sparks for his contributions to Park and wish him well in his future endeavors.”

Park Hotels & Resorts is a publicly traded lodging REIT. Its portfolio consists of 62 hotels and resorts with approximately 34,000 rooms.

Suggested Articles

The hotel will implement a new, branded mobile app that delivers control to guests and GEMS, a back-office tool that streamlines operations.

The U.S. is now the only region that has yet to turn a positive month of profit since the COVID-19 pandemic took hold.

While occupancy largely was flat week over week during the seven-day period ending Sept. 19, rate and revenue both declined.