Industry Update
Appointment18 September 2018

Carl A. Mayfield

Appointed Executive Vice President—Design & Construction
At Park Hotels & Resorts in Tysons - VA, USA

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Carl A. Mayfield

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.

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.

Park Hotels & Resorts

Park Hotels & Resorts Inc. is one of the largest publicly-traded lodging real estate investment trusts (REIT) comprised of a geographically diverse portfolio of hotels and resorts with significant underlying real estate value.
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