Park Hotels & Resorts

Park Hotels & Resorts, Inc. operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio. The company was founded by Conrad Hilton in 1919 and is headquartered in Tysons, VA.

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Park Hotels & Resorts excels in 2022, eyes growth in RevPAR and operational efficiency

Park Hotels & Resorts' 2022 performance demonstrated resilience and strategic focus, with a strong balance sheet and guidance for growth in 2023. While challenges exist in certain markets, opportunities for improvement through asset management and operational enhancements are on the horizon.

Park Hotels & Resorts excels in Q1, eyes group demand growth

Park Hotels & Resorts reported a successful Q1 with strong financial metrics and optimistic outlook for the future. The company is increasing full-year guidance, focusing on group demand, expense management, and capital recycling through asset sales. Despite challenges like capital investments and tax implications, Park Hotels & Resorts remains confident in its recovery and growth strategies.

Park Hotels & Resorts Reports Solid Q2 Performance Amid San Francisco Challenges

Despite challenges in San Francisco and moderated EBITDA expectations, the overall performance was solid, especially in Hawaii. The company is focused on optimizing its portfolio and improving liquidity through asset sales.

Park Hotels & Resorts excels in Q3, eyes strategic growth

Park Hotels & Resorts delivered a solid Q3 performance with improved RevPAR and balance sheet metrics.
The company is focused on cost savings, strategic projects, and reshaping the portfolio for enhanced shareholder value.
Opportunities lie in acquisitions, market growth, and strong demand in key markets like Hawaii and New York.
Challenges include managing exposure in specific markets and reducing leverage to target levels for financial stability.

Park Hotels & Resorts excels in Q4, eyes robust 2024 growth

Park Hotels & Resorts had a strong Q4 2023, with positive outlook for 2024. The company's balance sheet is healthy, and it aims for continued growth through strategic investments and returning capital to shareholders.

Park Hotels & Resorts excels in Q1, eyes strategic growth

Park Hotels & Resorts reported a robust Q1 performance with revenue growth driven by strong group demand and strategic investments.
The company's focus on cost management, portfolio optimization, and revenue diversification positions it well for sustained growth and value creation.
Challenges include managing renovation impacts, labor costs, and asset sales alignment, while opportunities lie in leveraging market trends and portfolio reshaping.
Overall, Park Hotels & Resorts remains optimistic about sustained growth, supported by positive outlook, increased guidance, and ongoing operational enhancements.

Park Hotels & Resorts reports strong Q2 performance and eyes growth opportunities

Park Hotels & Resorts had a productive quarter, focusing on balance sheet improvements, capital allocation, and strong performance in key markets. Despite challenges like renovation disruptions and weaker inbound travel, the company maintains a positive outlook with strategic growth plans and asset management strategies.

Park Hotels & Resorts reports solid Q3 performance and growth opportunities

Park Hotels & Resorts demonstrated resilience amidst disruptions, focusing on growth opportunities and strategic asset management.
Challenges from natural disasters and labor strikes were mitigated by strong performance in key markets and proactive portfolio reshaping.
With a solid foundation and growth initiatives in place, Park Hotels & Resorts is poised for continued success and value creation.

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Park Hotels & Resorts (PK) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Here's Why Park Hotels & Resorts (PK) is Poised for a Turnaround After Losing 32% in 4 Weeks

Park Hotels & Resorts' (PK) dispositions come as part of its aggressive capital recycling program, aimed at lowering net leverage and positioning the portfolio for sustainable long-term growth.

Park Hotels (PK) Sells Seattle Hotel & San Diego JV Stake

TYSONS, Va., June 23, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it has closed on the sale of the 195-room Homewood Suites by Hilton Seattle Convention Center Pike Street in Seattle, WA and completed the previously-announced sale of its 25% joint venture interest in the 1,190-room Hilton San Diego Bayfront in San Diego, CA. Combined gross proceeds for the two transactions totaled $237 million, which includes Park's $55 million pro-rata share of secured debt on the Hilton San Diego Bayfront. Excluding anticipated capital expenditures, the combined sale price represents a 6.3% capitalization rate on 2019 net operating income, or 14.0x multiple on 2019 EBITDA. Proceeds from the sales will be used for general corporate purposes.

Park Hotels & Resorts Inc. Completes the Sales of the Homewood Suites by Hilton Seattle Convention Center and Its 25% Joint Venture Interest in the Hilton San Diego Bayfront

TYSONS, Va., June 21, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the second quarter 2022 after the stock market closes on August 3, 2022. Park will hold a conference call on Thursday, August 4, 2022 at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook.

Park Hotels & Resorts Inc. Announces Second Quarter 2022 Earnings Conference Call on August 4, 2022

TYSONS, Va., June 15, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a second quarter cash dividend of $0.01 per share of common stock. The dividend will be paid in cash on July 15, 2022 to stockholders of record as of June 30, 2022.

Park Hotels & Resorts Announces Second Quarter Dividend of $0.01 per Share

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TYSONS, Va., June 06, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided an operational update and raised its second quarter 2022 (“Q2 2022”) outlook based on improving demand.

Park Hotels & Resorts Provides Update on Operating Trends, Capital Recycling Activity and Second Quarter 2022 Outlook

TYSONS, Va., June 01, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) announced that it has entered into a definitive agreement with affiliates of Sunstone Hotel Investors, Inc. (“Sunstone”) (NYSE:SHO) for Park to sell its 25% interest in the joint venture owning the 1,190-room Hilton San Diego Bayfront (the “Hilton Bayfront”) to Sunstone for a sale price of $102 million plus Park's allocated share of reserves and working capital.

Park Hotels & Resorts Inc. Announces Disposition of Its 25% Joint Venture Interest in Hilton San Diego Bayfront to Sunstone Hotel Investors, Inc.

Park Hotels & Resorts Inc. (NYSE:PK ) Q1 2022 Earnings Conference Call May 2, 2022 11:00 AM ET Company Participants Ian Weissman - Senior Vice President, Corporate Strategy Tom Baltimore - Chairman and Chief Executive Officer Sean Dell'Orto - Chief Financial Officer Conference Call Participants Smedes Rose - Citi Floris Van Dijkum - Compass Point Anthony Powell - Barclays Capital Chris Woronka - Deutsche Bank Dany Asad - Bank of America Ari Klein - BMO Capital Markets Jay Kornreich - SMBC Bill Crow - Raymond James Stephen Grambling - Goldman Sachs Neil Malkin - Capital One Robin Farley - UBS Patrick Scholes - Truist Christopher Darling - Green Street David Katz - Jefferies Operator Greetings, and welcome to Park Hotels & Resorts' First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q1 2022 Results - Earnings Call Transcript

Park Hotels & Resorts (PK) delivered FFO and revenue surprises of 900% and 14.95%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Park Hotels & Resorts (PK) Q1 FFO and Revenues Beat Estimates

TYSONS, Va., May 02, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the first quarter ended March 31, 2022 and provided an operational update.

Park Hotels & Resorts Inc. Reports First Quarter 2022 Results

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TYSONS, Va., April 13, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided an operational update.

Park Hotels & Resorts Provides Update on Operating Trends

TYSONS, Va., March 23, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the first quarter 2022 before the stock market opens on May 2, 2022. Park will hold a conference call later that morning at 11:00 a.m. Eastern Time (ET) to discuss its earnings results and current operational environment.

Park Hotels & Resorts Inc. Announces First Quarter 2022 Earnings Conference Call on May 2, 2022

Park Hotel & Resorts manages a diverse portfolio of hotels and resorts and is the second-largest publicly traded lodging REIT in the United States.

Park Hotels & Resorts: Calm After The Storm

Park Hotels & Resorts Inc. PK, +0.59% said Friday it was reinstating a dividend, as the real estate investment trust focusing on hotels and resorts said it has seen a "broad-based recovery" in demand in February. The company said it will pay a quarterly dividend of 1 cent a share on April 15 to shareholders of record on March 31.

Park Hotels & Resorts REIT reinstates dividend amid 'broad-based recovery' in demand

TYSONS, Va., March 11, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided an operational update and announced the reinstatement of its dividend.

Park Hotels & Resorts Reinstates Dividend and Provides Brief Update on Operating Trends

TYSONS, Va., Feb. 25, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it will host its 2022 annual meeting of stockholders on Wednesday, April 27, 2022. Park's Board of Directors has established the close of business on March 4, 2022, as the record date for determining those stockholders that are entitled to vote at the 2022 annual meeting of stockholders.

Park Hotels & Resorts Announces Annual Meeting of Stockholders on April 27, 2022

Park Hotels & Resorts Inc.'s (PK) CEO Tom Baltimore on Q4 2021 Results - Earnings Call Transcript

TYSONS, Va., Feb. 17, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the fourth quarter and full year ended December 31, 2021 and provided an operational update on COVID-19.

Park Hotels & Resorts Inc. Reports Fourth Quarter and Full Year 2021 Results

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TYSONS, Va., Jan. 10, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the fourth quarter and full year 2021 after the stock market closes on Thursday, February 17, 2022. Park will hold a conference call on Friday, February 18, 2022 at 11:00 a.m. Eastern Time (ET) to discuss its earnings results and current operational environment.

Park Hotels & Resorts Inc. Announces Fourth Quarter and Full Year 2021 Earnings Conference Call on February 18, 2022

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