Park Hotels & Resorts Inc (N:PK)

Apr 19, 2024 04:15 pm ET
Park Hotels & Resorts Inc. Announces Second Quarter Dividend of $0.25 Per Share
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a second quarter cash dividend of $0.25 per share of common stock. The dividend will be paid in cash on July 15, 2024 to stockholders of...
Mar 26, 2024 04:15 pm ET
Park Hotels & Resorts Announces 2024 ENERGY STAR® Partner of the Year Award
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) is proud to announce that it has received the 2024 ENERGY STAR Partner of the Year Award for Energy Management from the U.S. Environmental Protection Agency (“EPA”). This is the second...
Mar 18, 2024 06:30 am ET
Park Hotels & Resorts Announces First Quarter 2024 Earnings Conference Call On May 1, 2024
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the first quarter 2024 after the stock market closes on Tuesday, April 30, 2024. Park will hold a conference call on Wednesday, May 1,...
Feb 27, 2024 09:29 pm ET
Park Hotels & Resorts Inc. Reports Fourth Quarter and Full-Year 2023 Results (CORRECTED) and Announces First Quarter Dividend of $0.25 Per Share
The following items in this press release have been corrected: (i) under the caption “Full-Year 2024 Outlook” and the accompanying reconciliations, the “low case” and “high case” outlook of operating income margin were changed to 15.1% and 16.3%,...
Feb 27, 2024 04:15 pm ET
Park Hotels & Resorts Inc. Reports Fourth Quarter and Full-Year 2023 Results and Announces First Quarter Dividend of $0.25 Per Share
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the fourth quarter and full year ended December 31, 2023 and provided an operational update. Selected Statistical and Financial Information (unaudited,...
Jan 22, 2024 06:30 am ET
Park Hotels & Resorts Provides Preliminary Q4 2023 and Full-Year 2023 Results
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided preliminary fourth quarter and full-year 2023 results. “I am incredibly pleased with our preliminary fourth quarter and year-end results, with both preliminary...
Jan 16, 2024 04:41 pm ET
Park Hotels & Resorts Announces Tax Treatment of 2023 Dividends
Park Hotels & Resorts Inc. (NYSE:PK) (“Park” or the “Company”) today announced the tax reporting information for its 2023 cash distributions on its Common Stock. The distributions, totaling $2.15 per share, were paid as follows: $0.15 on April 17,...
Jan 16, 2024 06:30 am ET
Park Hotels & Resorts Announces Appointment of Terri McClements to Board of Directors
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced the appointment of Terri D. McClements as a new independent director to its Board of Directors (the “Board”), effective immediately. With Ms. McClements’ appointment to the Board, the...
Jan 05, 2024 04:15 pm ET
Park Hotels & Resorts Announces Fourth Quarter and Full Year 2023 Earnings Conference Call on February 28, 2024
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the fourth quarter and full year 2023 after the stock market closes on Tuesday, February 27, 2024. Park will hold a conference call on...
Dec 20, 2023 04:41 pm ET
Park Hotels & Resorts Update on Recent Operating Trends and Capital Allocation Highlights
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided an update on fourth quarter operating trends. “I am incredibly pleased with the strength of our portfolio as operating trends remained very solid in both October and...
Dec 07, 2023 04:15 pm ET
Park Hotels & Resorts Inc. Issues Annual Corporate Responsibility Report and Announces Recent ESG Recognitions
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) today announced that the Company has issued its annual Corporate Responsibility (“CR”) Report, which details Park’s environmental, social and governance (“ESG”) performance and...
Nov 30, 2023 06:42 pm ET
Park Hotels & Resorts Inc. Announces Fourth Quarter Dividend of $0.93 Per Share
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a fourth quarter dividend of $0.93 per share of common stock which includes Park’s regular quarterly dividend of $0.15 coupled with a...
Nov 16, 2023 04:15 pm ET
Park Hotels & Resorts Inc. Awarded Nareit’s 2023 Leader in the Light Award for its Sustainability Practices
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that it has been named the 2023 Leader in the Light recipient in recognition of its sustainability practices within the lodging and resorts sector by the National...
Nov 01, 2023 04:15 pm ET
Park Hotels & Resorts Inc. Reports Third Quarter 2023 Results and Announces Special Dividend of $0.77 Per Share
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the third quarter ended September 30, 2023, a special dividend and provided an operational update. Selected Statistical and...
Oct 26, 2023 06:30 am ET
Park Hotels & Resorts Inc. Announces Lawsuit Related to $725 Million Non-Recourse CMBS Loan Secured By Two of its San Francisco Hotels
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the trustee under the $725 million non-recourse CMBS loan (“Loan”), by and through its special servicer, filed a lawsuit against the borrower entities related to...
Sep 13, 2023 04:15 pm ET
Park Hotels & Resorts Inc. Announces Third Quarter 2023 Earnings Conference Call On November 2, 2023
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the third quarter 2023 after the stock market closes on November 1, 2023. Park will hold a conference call on Thursday, November 2, 2023,...
Sep 08, 2023 04:15 pm ET
Park Hotels & Resorts Inc. Announces Third Quarter Dividend of $0.15 Per Share
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a third quarter cash dividend of $0.15 per share of common stock. The dividend will be paid in cash on October 16, 2023 to stockholders of...
Aug 02, 2023 04:19 pm ET
Park Hotels & Resorts Inc. Reports Second Quarter 2023 Results
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the second quarter ended June 30, 2023 and provided an operational update. Selected Statistical and Financial Information References to Park's "Current"...
Jun 12, 2023 06:30 am ET
Park Hotels & Resorts Inc. Announces Second Quarter 2023 Earnings Conference Call on August 3, 2023
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the second quarter 2023 after the stock market closes on August 2, 2023. Park will hold a conference call on Thursday, August 3, 2023, at...
Jun 08, 2023 04:17 pm ET
Park Hotels & Resorts Inc. Announces Second Quarter Dividend of $0.15 Per Share
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a second quarter cash dividend of $0.15 per share of common stock. The dividend will be paid in cash on July 17, 2023 to stockholders of...
Jun 05, 2023 06:30 am ET
Park Hotels & Resorts Inc. Announces Cessation of Payment on $725 Million Non-Recourse CMBS Loan Secured By Two of Its San Francisco Hotels
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today announced that, starting in June, it ceased making payments toward the $725 million non-recourse CMBS loan which is scheduled to mature in November 2023, and is secured by two of...
May 01, 2023 06:30 am ET
Park Hotels & Resorts Inc. Reports First Quarter 2023 Results
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the first quarter ended March 31, 2023 and provided an operational update. Selected Statistical and Financial Information (unaudited, amounts in millions,...
Mar 28, 2023 04:15 pm ET
Park Hotels & Resorts Inc. Announces 2023 Energy Star® Partner of the Year Award
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) is proud to announce that it has received the 2023 ENERGY STAR Partner of the Year Award for Energy Management from the U.S. Environmental Protection Agency (“EPA”) and the U.S....
Mar 23, 2023 04:15 pm ET
Park Hotels & Resorts Inc. Announces First Quarter 2023 Earnings Conference Call on May 1, 2023
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the first quarter 2023 before the stock market opens on May 1, 2023. Park will hold a conference call later that morning at 11:00 a.m....
Mar 15, 2023 04:30 pm ET
Park Hotels & Resorts Inc. Announces First Quarter Dividend of $0.15 Per Share
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a first quarter cash dividend of $0.15 per share of common stock. The dividend will be paid in cash on April 17, 2023 to stockholders of...
Feb 22, 2023 06:30 am ET
Park Hotels & Resorts Inc. Reports Fourth Quarter and Full Year 2022 Results
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the fourth quarter and full year ended December 31, 2022 and provided an operational update. Selected Statistical and Financial Information (unaudited,...
Feb 02, 2023 05:28 pm ET
Park Hotels & Resorts Inc. Announces Sale of Hilton Miami Airport
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today announced that it has closed on the sale of the 508-room Hilton Miami Airport located in Miami, FL for $118.25 million, or $233,000 per key. When adjusted for Park’s anticipated...
Jan 17, 2023 06:30 am ET
Park Hotels & Resorts Inc. Announces Tax Treatment of 2022 Dividends
Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) (“Park” or the “Company”) announced today the tax reporting information for its 2022 cash distributions on its common stock. The distributions, totaling $0.28 per share, were paid as follows: $0.01 on...
Jan 12, 2023 04:15 pm ET
Park Hotels & Resorts Inc. Issues Annual Corporate Responsibility Report and Announces Recent ESG Recognitions
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) today announced that the Company has issued its annual Corporate Responsibility (“CR”) Report, which details Park’s environmental, social and governance (“ESG”) performance and...
Jan 11, 2023 04:15 pm ET
Park Hotels & Resorts Inc. Announces Fourth Quarter and Full Year 2022 Earnings Conference Call on February 23, 2023
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the fourth quarter and full year 2022 after the stock market closes on February 22, 2023. Park will hold a conference call on Thursday,...
Dec 22, 2022 06:00 am ET
Park Hotels & Resorts Inc. Provides Update on Recent Operating Trends and Capital Allocation Activity
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided an update on fourth quarter operating trends and the Company’s capital allocation activity. Recent Highlights: Hotel net income for October 2022 and November...
Dec 07, 2022 04:15 pm ET
Park Hotels & Resorts Inc. Announces Fourth Quarter Dividend of $0.25 Per Share
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a fourth quarter cash dividend of $0.25 per share of common stock. The dividend will be paid in cash on January 17, 2023 to holders of...
Dec 01, 2022 06:28 pm ET
Park Hotels & Resorts Inc. Completes Upsize of Revolving Credit Facility to $950 Million and Extends Maturity to 2026
Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it has successfully amended and restated its existing $901 million revolving credit facility to increase total capacity to $950 million, extend the maturity from December 2023 to...
Nov 02, 2022 04:15 pm ET
Park Hotels & Resorts Inc. Reports Third Quarter 2022 Results
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the third quarter ended September 30, 2022 and provided an operational update. Third quarter financial highlights include: Pro-forma RevPAR was...
Sep 09, 2022 04:15 pm ET
Park Hotels & Resorts Announces Third Quarter Dividend of $0.01 Per Share
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a third quarter cash dividend of $0.01 per share of common stock. The dividend will be paid in cash on October 17, 2022 to stockholders of...
Aug 30, 2022 06:00 am ET
Park Hotels & Resorts Inc. Announces Third Quarter 2022 Earnings Conference Call on November 3, 2022
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the third quarter 2022 after the stock market closes on November 2, 2022. Park will hold a conference call on Thursday, November 3, 2022 at...
Aug 03, 2022 04:15 pm ET
Park Hotels & Resorts Inc. Reports Second Quarter 2022 Results
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the second quarter ended June 30, 2022 and provided an operational update. Second quarter financial highlights include: Pro-forma RevPAR was $173.03, an...
Jun 23, 2022 05:53 pm ET
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
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%...
Jun 21, 2022 04:15 pm ET
Park Hotels & Resorts Inc. Announces Second Quarter 2022 Earnings Conference Call on August 4, 2022
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...
Jun 15, 2022 06:00 am ET
Park Hotels & Resorts Announces Second Quarter Dividend of $0.01 per Share
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...
Jun 06, 2022 06:00 am ET
Park Hotels & Resorts Provides Update on Operating Trends, Capital Recycling Activity and Second Quarter 2022 Outlook
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. Recent Highlights Pro-forma Occupancy for May 2022 for Park’s 46...
Jun 01, 2022 06:00 am ET
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. (“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...
May 02, 2022 06:00 am ET
Park Hotels & Resorts Inc. Reports First Quarter 2022 Results
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. First quarter financial highlights include: RevPAR was $116.42, an increase...
Apr 13, 2022 06:00 am ET
Park Hotels & Resorts Provides Update on Operating Trends
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided an operational update. Recent Highlights Occupancy for March 2022 for Park’s 48 consolidated hotels was 63.0%, a sequential improvement of over...
Mar 23, 2022 04:15 pm ET
Park Hotels & Resorts Inc. Announces First Quarter 2022 Earnings Conference Call on May 2, 2022
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....
Mar 11, 2022 06:00 am ET
Park Hotels & Resorts Reinstates Dividend and Provides Brief Update on Operating Trends
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided an operational update and announced the reinstatement of its dividend. Recent Highlights On March 1, 2022, Park reopened the 314-room Hilton Short Hills, NJ, leaving...
Feb 25, 2022 04:15 pm ET
Park Hotels & Resorts Announces Annual Meeting of Stockholders on April 27, 2022
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...
Feb 17, 2022 04:15 pm ET
Park Hotels & Resorts Inc. Reports Fourth Quarter and Full Year 2021 Results
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. Fourth quarter financial highlights include:...
Jan 10, 2022 06:00 am ET
Park Hotels & Resorts Inc. Announces Fourth Quarter and Full Year 2021 Earnings Conference Call on February 18, 2022
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...
Nov 04, 2021 04:15 pm ET
Park Hotels & Resorts Inc. Issues Annual Corporate Responsibility Report
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) today announced that it has issued its annual Corporate Responsibility (“CR”) Report, detailing the Company’s environmental, social and governance (“ESG”) performance and initiatives...
Nov 03, 2021 04:15 pm ET
Park Hotels & Resorts Inc. Reports Third Quarter 2021 Results
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the third quarter ended September 30, 2021 and provided an operational update on COVID-19. Third quarter financial highlights include: Pro-forma RevPAR...
Sep 20, 2021 04:15 pm ET
Park Hotels & Resorts Inc. Announces Third Quarter 2021 Earnings Conference Call on November 4, 2021
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the third quarter 2021 after the stock market closes on Wednesday, November 3, 2021. Park will hold a conference call on Thursday, November...
Sep 07, 2021 06:00 am ET
Park Hotels & Resorts Completes the Sale of the Le Meridien San Francisco and Provides an Update on Operating Trends and Liquidity
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today announced that it completed the previously announced sale of the Le Meridien San Francisco. The Company also provided an operational and liquidity update. Recent Highlights...
Aug 05, 2021 04:15 pm ET
Park Hotels & Resorts Inc. Reports Second Quarter 2021 Results
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the second quarter ended June 30, 2021 and provided an operational update on COVID-19. Second quarter financial highlights include: Pro-forma RevPAR was...
Jul 13, 2021 06:00 am ET
Park Hotels & Resorts Executes Definitive Contracts to Sell Two of Its San Francisco Hotels and Provides an Update on Hotel Reopenings and Operating Trends
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today announced that it has entered into two separate, definitive contracts to sell the 360-room Le Meridien San Francisco and the 171-room Hotel Adagio, Autograph Collection (San...
Jun 30, 2021 04:15 pm ET
Park Hotels & Resorts Inc. Completes the Sale of the Hotel Indigo San Diego Gaslamp Quarter and Courtyard Washington Capitol Hill Navy Yard
Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it has closed on the sale of the 210-room Hotel Indigo San Diego Gaslamp Quarter in San Diego, CA and the 204-room Courtyard Washington Capitol Hill Navy Yard in Washington, DC, for...
Jun 21, 2021 06:00 am ET
Park Hotels & Resorts Inc. Announces Second Quarter 2021 Earnings Conference Call on August 6, 2021
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the second quarter 2021 after the stock market closes on Thursday, August 5, 2021. Park will hold a conference call on Friday, August 6,...
Jun 08, 2021 06:00 am ET
Park Hotels & Resorts Provides Business Update
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today provided an operational and liquidity update. Highlights: Increased the number of open hotels to 55 of 59 hotels (93%), or 86% of total room count;40.7% occupancy in May 2021...
May 14, 2021 04:15 pm ET
Park Hotels & Resorts Inc. Announces Closing of $750 Million of 4.875% Senior Secured Notes Due 2029
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Operating Company”), PK Domestic Property LLC (“PK Domestic LLC”) and PK Finance Co-Issuer Inc....
May 11, 2021 04:52 pm ET
Park Hotels & Resorts Inc. Announces Upsizing and Pricing of Senior Secured Notes Offering
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Operating Company”), PK Domestic Property LLC (“PK Domestic LLC”) and PK Finance Co-Issuer Inc....
May 11, 2021 08:32 am ET
Park Hotels & Resorts Inc. Announces Senior Secured Notes Offering
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Operating Company”), PK Domestic Property LLC (“PK Domestic LLC”) and PK Finance Co-Issuer Inc....
May 10, 2021 06:00 am ET
Park Hotels & Resorts Executes Definitive Contract to Sell two Hotels for $149 Million; Proceeds to be Used to Further Reduce Leverage
Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it has entered into a definitive contract to sell two assets for combined gross proceeds of $149.0 million, or approximately $360,000 per key. The hotels, the 210-room Hotel Indigo...
May 06, 2021 04:15 pm ET
Park Hotels & Resorts Inc. Reports First Quarter 2021 Results
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the first quarter ended March 31, 2021 and an operational update on COVID-19. First quarter financial highlights include: Pro-forma RevPAR was $40.79, a...
Apr 23, 2021 06:00 am ET
Park Hotels & Resorts Announces the Sale of the W New Orleans – French Quarter and Provides an Update on Hotel Reopenings and Operating Trends
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) today announced that it has closed on the sale of the 97-room W New Orleans – French Quarter (the “Hotel”) located in New Orleans, LA, for gross proceeds of approximately $24.1...
Apr 22, 2021 06:00 am ET
Park Hotels & Resorts Announces Four Hotels Achieved ENERGY STAR® Certification for Superior Energy Performance in 2020
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that four of its hotels: Hilton Seattle Airport and Conference Center, Hilton Santa Barbara Beachfront Resort, DoubleTree Ontario Airport and Le Meridien San Francisco have earned the...
Mar 26, 2021 06:00 am ET
Park Hotels & Resorts Inc. Announces First Quarter 2021 Earnings Conference Call on May 7, 2021
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the first quarter 2021 after the stock market closes on Thursday, May 6, 2021. Park will hold a conference call on Friday, May 7, 2021 at...
Feb 25, 2021 04:15 pm ET
Park Hotels & Resorts Inc. Reports Fourth Quarter and Full Year 2020 Results
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the fourth quarter and full year ended December 31, 2020 and an operational update on COVID-19. Fourth quarter financial highlights include: Pro-forma...
Jan 15, 2021 04:15 pm ET
Park Hotels & Resorts Announces Tax Treatment of 2020 Dividends
Park Hotels & Resorts Inc. (NYSE: PK) (the “Company”) today announced the tax reporting information for its 2020 cash distributions on its Common Stock. The distributions, totaling $0.45 per share, were paid on April 15, 2020. Due to the financial...
Jan 14, 2021 04:15 pm ET
Park Hotels & Resorts Announces Publication of 2020 Corporate Responsibility Report
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it has published its 2020 Corporate Responsibility report (the “Report”), detailing Park’s ESG commitment to its stakeholders. The Report can be found on the Responsibility page of...
Jan 14, 2021 04:15 pm ET
Park Hotels & Resorts Inc. Announces Fourth Quarter and Full Year 2020 Earnings Conference Call on February 26, 2021
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the fourth quarter and full year 2020 after the stock market closes on Thursday, February 25, 2021. Park will hold a conference call on...
Nov 05, 2020 04:15 pm ET
Park Hotels & Resorts Inc. Reports Third Quarter 2020 Results
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the third quarter ended September 30, 2020 and an operational update on COVID-19.
Oct 23, 2020 04:15 pm ET
Park Hotels & Resorts Inc. Announces Appointment of Nancy M. Vu as Senior Vice President, General Counsel and Secretary
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced the appointment of Nancy M. Vu as Senior Vice President, General Counsel and Secretary, effective October 23, 2020. Prior to her appointment, Ms. Vu has served as Senior Vice President & Deputy General Counsel since January 2020. In her new role at Park, she will serve as Park’s chief legal officer and lead the Company’s legal department.
Oct 06, 2020 04:15 pm ET
Park Hotels & Resorts Announces Third Quarter 2020 Earnings Conference Call on November 6, 2020
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the third quarter 2020 after the stock market closes on Thursday, November 5, 2020. Park will hold a conference call on Friday, November 6, 2020 at 11:00 a.m. Eastern Time (ET) to discuss its earnings results and current operational environment.
Sep 18, 2020 04:15 pm ET
Park Hotels & Resorts Inc. Announces Closing of $725 Million of 5.875% Senior Secured Notes Due 2028
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Operating Company”), PK Domestic Property LLC (“PK Domestic LLC”) and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the “Issuers”), completed the previously announced offering of $725 million aggregate principal amount of 5.875% senior secured notes due 2028 (the “Notes”). The Notes will pay interest semi-annually in arrears, at a rate of 5.875% per year, and will mature on October 1, 2028. The Notes are gua
Sep 15, 2020 04:15 pm ET
Park Hotels & Resorts Inc. Announces Upsizing and Pricing of Senior Secured Notes Offering
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Operating Company”), PK Domestic Property LLC (“PK Domestic LLC”) and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the “Issuers”), priced an offering of $725 million aggregate principal amount of 5.875% senior secured notes due 2028 (the “Notes”) at a price equal to 100% of face value. The Notes will pay interest semi-annually in arrears, at a rate of 5.875% per year, and will mature on October 1, 2028. The
Sep 14, 2020 08:22 am ET
Park Hotels & Resorts Inc. Announces Senior Secured Notes Offering
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Operating Company”), PK Domestic Property LLC (“PK Domestic LLC”) and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the “Issuers”), intend to offer $650 million aggregate principal amount of senior secured notes due 2028 (the “Notes”). The Notes will be guaranteed by Park and certain subsidiaries of the Operating Company that guarantee the Company’s senior credit facilities and existing senior secured notes
Sep 14, 2020 08:21 am ET
Park Hotels & Resorts Inc. Provides Business Update
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today provided an operational and liquidity update.
Aug 05, 2020 04:15 pm ET
Park Hotels & Resorts Inc. Reports Second Quarter 2020 Results and Provides Operational Update
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the second quarter ended June 30, 2020 and provides an operational update on COVID-19.
Jul 13, 2020 06:30 am ET
Park Hotels & Resorts Announces Second Quarter 2020 Earnings Conference Call on August 6, 2020
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the second quarter 2020 after the stock market closes on Wednesday, August 5, 2020. Park will hold a conference call on Thursday, August 6, 2020 at 11:00 a.m. Eastern Time (ET) to discuss its earnings results and current operational environment.
May 29, 2020 04:15 pm ET
Park Hotels & Resorts Inc. Announces Closing of $650 Million Aggregate Principal Amount of 7.500% Senior Secured Notes Due 2025
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Operating Company”), PK Domestic Property LLC (“PK Domestic LLC”) and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the “Issuers”), completed the previously announced offerings of $550 million aggregate principal amount of 7.500% senior secured notes due 2025 (the “Initial Notes”) and $100 million aggregate principal amount of 7.500% senior secured notes due 2025 (together with the Initial Notes, the “Notes”
May 27, 2020 04:13 pm ET
Park Hotels & Resorts Inc. Announces Pricing of Additional $100 Million Aggregate Principal Amount of 7.500% Senior Secured Notes Due 2025
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Operating Company”), PK Domestic Property LLC (“PK Domestic LLC”) and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the “Issuers”), priced an additional offering of $100 million aggregate principal amount of 7.500% senior secured notes due 2025 (the “additional Notes”) at a price equal to 101.5% of face value. These additional Notes are an additional issuance of the Issuers’ 7.500% senior secured notes due 2
May 19, 2020 06:42 pm ET
Park Hotels & Resorts Inc. Announces Upsizing and Pricing of Senior Secured Notes Offering
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Operating Company”), PK Domestic Property LLC (“PK Domestic LLC”) and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the “Issuers”), priced an offering of $550 million aggregate principal amount of 7.500% senior secured notes due 2025 (the “Notes”) at a price equal to 100% of face value. The Notes will pay interest semi-annually in arrears, at a rate of 7.500% per year, and will mature on June 1, 2025. The No
May 18, 2020 08:03 am ET
Park Hotels & Resorts Inc. Announces Senior Secured Notes Offering
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Operating Company”), PK Domestic Property LLC (“PK Domestic LLC”) and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the “Issuers”), intend to offer $500 million aggregate principal amount of senior secured notes due 2025 (the “Notes”). The Notes will be guaranteed by Park and certain subsidiaries of the Operating Company that guarantee, or will guarantee on or prior to the issue date, the Company’s senior cr
May 11, 2020 06:00 am ET
Park Hotels & Resorts Inc. Reports First Quarter 2020 Results and Provides Operational Update
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the first quarter ended March 31, 2020 and provides an operational update on COVID-19.
May 08, 2020 06:18 am ET
Park Hotels & Resorts Inc. Announces Financial Covenant Waivers for Credit Facilities and Maturity Extension for Revolving Credit Facility
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) today announced that it has entered into amendments (the “Credit Amendments”) to its $1.0 billion fully drawn revolving credit facility (the “Revolving Credit Facility”), $700 million term loan and $670 million term loan. The Credit Amendments waive the existing quarterly-tested financial covenants through March 31, 2021 and extend the maturity of the Revolving Credit Facility to December 2021.
May 07, 2020 05:52 pm ET
Park Hotels & Resorts Announces First Quarter 2020 Earnings Conference Call on May 11, 2020
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the first quarter 2020 before the stock market opens on Monday, May 11, 2020. Park will hold a conference call later that morning at 10:00 a.m. Eastern Time (ET) to discuss its earnings results and current operational environment.
Mar 26, 2020 08:12 am ET
Park Hotels & Resorts Inc. Provides Additional Update on COVID-19 Measures
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) today announced an update on measures it is taking, independently and in coordination with its hotel management companies, to mitigate the effect on its business from the national emergency that has arisen as a result of the COVID-19 virus. The updates are as follows –
Mar 16, 2020 06:00 am ET
Park Hotels & Resorts Inc. Takes Action to Mitigate COVID-19 Impact
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) today announced it is has taken various actions, independently and in coordination with its hotel management companies, to mitigate the effect on its business from the national emergency that has arisen as a result of the COVID-19 virus. At the hotel level, Park’s actions include the following –
Mar 09, 2020 06:41 pm ET
Park Hotels & Resorts Inc. Withdraws 2020 Outlook Due to Increased Uncertainty About Scope of COVID-19 Impact
Park Hotels & Resorts Inc. (NYSE: PK) (the “Company” or “Park”) today announced that it is has withdrawn its previously announced 2020 outlook amid growing concerns about the COVID-19 virus outbreak. Since providing guidance nearly two weeks ago, Park has experienced a material increase in the number of corporate group cancellations. Additionally, increasing travel restrictions, governmental travel advisories and state of emergency declarations across several of our key markets are expected to adversely impact the Company’s financial results for the full year 2020.
Feb 26, 2020 04:15 pm ET
Park Hotels & Resorts Inc. Reports Fourth Quarter and Full Year 2019 Results
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the fourth quarter and full year ended December 31, 2019. Highlights include:
Feb 19, 2020 04:21 pm ET
Park Hotels & Resorts Inc. Announces the Sales of the Embassy Suites by Hilton Washington DC Georgetown and the Hilton São Paulo Morumbi for Gross Proceeds of $208 Million
Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it has closed on the two separate sales of the 197-room Embassy Suites by Hilton Washington DC Georgetown (the “Embassy Suites DC”) and the 503-room Hilton São Paulo Morumbi (the “Hilton São Paulo”) for combined gross proceeds of approximately $208 million before customary closing costs and adjustments.
Feb 11, 2020 04:28 pm ET
Park Hotels & Resorts Inc. Announces Updated Timing for Fourth Quarter and Full Year 2019 Earnings Conference Call on February 27, 2020
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced updated timing for its fourth quarter and full year 2019 earnings conference call on Thursday, February 27, 2020. The call will now begin at 11:00 a.m. Eastern Time (ET). As previously disclosed, Park plans to release financial results for the fourth quarter and full year 2019 after the stock market closes on Wednesday, February 26, 2020.
Jan 27, 2020 05:00 pm ET
Park Hotels & Resorts Inc. Announces Termination of Executive Vice President, Asset Management
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it has terminated the employment of Robert D. Tanenbaum, Park’s former Executive Vice President, Asset Management. Mr. Tanenbaum was terminated by Park for cause after an investigation determined that he had engaged in a personal, inappropriate and consensual relationship with a Park employee as well as inappropriate communications, which relationship and communications violated Park policies and core values. Mr. Tanenbaum’s termination is unrelated to Park’s operational or financial performance.
Jan 17, 2020 06:00 am ET
Park Hotels & Resorts Inc. Announces Tax Treatment of 2019 Dividends
Park Hotels & Resorts Inc. (NYSE: PK) (the “Company”) today announced the tax reporting information for its 2019 cash distributions on its Common Stock.
Jan 16, 2020 06:21 pm ET
Park Hotels & Resorts Inc. Appoints Thomas C. Morey as Executive Vice President & Chief Investment Officer
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced the appointment of Thomas C. Morey as Executive Vice President & Chief Investment Officer. Mr. Morey will replace Matthew A. Sparks who is no longer employed by Park.
Jan 03, 2020 04:15 pm ET
Park Hotels & Resorts Inc. Announces Fourth Quarter and Full Year 2019 Earnings Conference Call on February 27, 2020
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the fourth quarter and full year 2019 after the stock market closes on Wednesday, February 26, 2020. Park will hold a conference call on Thursday, February 27, 2020 at 10:00 a.m. Eastern Time (ET) to discuss its earnings results and outlook for 2020.
Dec 23, 2019 04:58 pm ET
Park Hotels & Resorts Inc. Announces the Sale of the Le Meridien New Orleans
Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it has closed on the sale of the 410-room Le Meridien New Orleans (the “Hotel”) located in New Orleans, LA, for gross proceeds of $84.0 million, or $205,000 per key before customary closing costs. When adjusted for Park’s anticipated capital expenditures (“capex”), the sale price represents a 5.0% capitalization rate on the Hotel’s projected 2019 net operating income, or 17.1x the Hotel’s projected 2019 EBITDA. Proceeds from the sale of the Hotel will be used to repay a portion of Park’s unsecured indebtedness.
Dec 20, 2019 06:00 am ET
Park Hotels & Resorts Inc. Announces the Sale of the Ace Hotel Downtown Los Angeles
Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it has closed on the sale of the 182-room Ace Hotel Downtown Los Angeles (the “Hotel”) located in Los Angeles, CA, for gross proceeds of $117.0 million, or $643,000 per key before customary closing costs. When adjusted for Park’s anticipated capital expenditures (“capex”), the sale price represents a 5.4% capitalization rate on the Hotel’s projected 2019 net operating income, or 16.0x the Hotel’s projected 2019 EBITDA. Proceeds from the sale of the Hotel will be used to repay a portion of Park’s unsecured indebtedness in order
Dec 09, 2019 06:00 am ET
Park Hotels & Resorts Announces Fourth Quarter Dividend of $0.55 Per Share
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a fourth quarter cash dividend of $0.55 per share of common stock. The dividend will be paid in cash on January 15, 2020 to holders of record as of December 31, 2019. The fourth quarter dividend, together with the regular cash dividends paid in the first three quarters of 2019, represent an annual yield of 7.8% based on the closing stock price as of December 6, 2019.
Dec 02, 2019 04:15 pm ET
Park Hotels & Resorts Inc. Completes Full Renovation and Repositioning of The Reach Key West, Curio Collection by Hilton
Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that the company recently completed a $10 million renovation and repositioning of the 150-room Reach resort in Key West (“The Reach”), including a rebrand to The Reach Key West, Curio Collection by Hilton. The resort reopened on December 1st following a four-month closure for renovation.
Nov 13, 2019 04:15 pm ET
Park Hotels & Resorts Inc. Announces the Sale of the Conrad Dublin
Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it and its joint venture partners have closed on the sale of their interests in the company that owns the 192-room Conrad Dublin (the “Hotel”) located in Dublin, Ireland, for gross proceeds of €116.4 million, before customary closing adjustments and debt repayment. The gross proceeds equate to approximately $128 million, or $667,000 per key. Park’s pro rata share of gross proceeds was approximately $61 million. The sale price represents a 3.9% capitalization rate on the Hotel’s projected 2019 net operating income, or 22.1x the
Nov 06, 2019 05:10 pm ET
Park Hotels & Resorts Inc. Reports Third Quarter 2019 Results
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the third quarter ended September 30, 2019. Highlights include:
Sep 25, 2019 06:00 am ET
Park Hotels & Resorts Announces Third Quarter 2019 Earnings Conference Call on November 7, 2019
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the third quarter 2019 after the stock market closes on Wednesday, November 6, 2019. Park will hold a conference call on Thursday, November 7, 2019 at 10:00 a.m. Eastern Time (ET) to discuss its earnings results and business outlook for the remainder of 2019.
Sep 18, 2019 09:01 am ET
Park Hotels & Resorts Inc. Completes Acquisition of Chesapeake Lodging Trust
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) has completed its previously announced acquisition of Chesapeake Lodging Trust (“Chesapeake”). The announcement follows approval of the transaction by Chesapeake’s shareholders at a special meeting of Chesapeake shareholders held on September 10, 2019. Based on Park’s closing stock price as of September 17, 2019, the total transaction value is approximately $2.5 billion, inclusive of transaction costs. In connection with the acquisition, Park will be added to the S&P MidCap 400 Index effective today.
Sep 12, 2019 06:02 pm ET
Park Hotels & Resorts Set to Join S&P MidCap 400; Inogen to Join S&P SmallCap 600
NEW YORK, Sept. 12, 2019 /PRNewswire/ -- Park Hotels & Resorts Inc. (NYSE: PK) will replace Inogen Inc. (NASD: INGN) in the S&P MidCap 400 and Inogen will replace Chesapeake Lodging Trust (NYSE: CHSP) in the S&P SmallCap 600 effective prior to the open of trading on Wednesday, September 18.  Park Hotels & Resorts is acquiring Chesapeake Lodging Trust in a transaction expected to be completed on or about that date pending final conditions.  Inogen has a market capitalization that is more representative of the small-cap market space.
Sep 04, 2019 06:30 am ET
Park Hotels & Resorts Inc. Announces Term Loan Agreement for Proposed Chesapeake Acquisition
Park Hotels & Resorts Inc. (“Park” or “the Company”) (NYSE:PK) today announced that it entered into a $950 million unsecured delayed draw term loan agreement (“Term Facility”) in order to help finance its previously announced proposed acquisition (“Acquisition”) of Chesapeake Lodging Trust (“Chesapeake”). The Term Facility consists of a $100 million two-year tranche (“Two-Year Tranche”) and an $850 million five-year tranche (“Five-Year Tranche”). Terms of the Term Facility are materially consistent with the Company’s outstanding corporate revolver and term loan facility.
Aug 09, 2019 04:01 pm ET
Cohen & Steers Announces Changes to Realty Indexes
NEW YORK, Aug. 9, 2019 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced today pending changes to its Realty Majors Portfolio Index (RMP), International Realty Majors Portfolio Index (IRP) and Global Realty Majors Portfolio Index (GRM), effective as of the close of business on August 16, 2019.
Jul 31, 2019 04:15 pm ET
Park Hotels & Resorts Inc. Reports Second Quarter 2019 Results
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the second quarter ended June 30, 2019. Highlights include:
Jul 09, 2019 03:00 pm ET
Park Hotels & Resorts Announces Second Quarter 2019 Earnings Conference Call on August 1, 2019
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the second quarter 2019 after the stock market closes on Wednesday, July 31, 2019. Park will hold a conference call on Thursday, August 1, 2019 at 10:00 a.m. Eastern Time (ET) to discuss its earnings results and business outlook for 2019.
Jun 24, 2019 04:57 pm ET
Park Hotels & Resorts Inc. Announces the Sales of Three Non-Core Assets for $166M
Park Hotels & Resorts Inc. (“Park” or “the Company”) (NYSE:PK) today announced that it closed on the sales of three non-core domestic assets for combined gross proceeds of $166.0 million, or $151,000 per key. The three hotels, the 507-room Hilton Atlanta Airport in Atlanta, Georgia; the 317-room Hilton New Orleans Airport in New Orleans, Louisiana; and the 274-room Embassy Suites Parsippany in Parsippany, New Jersey, are located in non-core airport and suburban markets and had a combined 2018 RevPAR of $109, or approximately 37% below Park’s 2018 portfolio average. When adjusted for Park’s ant
May 15, 2019 05:41 pm ET
Park Hotels & Resorts Inc. Announces the Reopening of the Caribe Hilton
Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) announced that the Caribe Hilton (“the Resort”) in San Juan, Puerto Rico reopened today following a $150-million restoration. The 652-room resort was impaired for 20 months after sustaining significant damage from Hurricane Maria in September 2017.
May 06, 2019 02:08 pm ET
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Chesapeake Lodging Trust
NEW YORK, May 6, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against Chesapeake Lodging Trust (NYSE: CHSP) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by Park Hotels & Resorts Inc. (NYSE: PK). Stockholders will receive $11.00 and 0.628 shares of Park Hotels & Resorts common stock for each share of Chesapeake Lodging Trust stock that they hold. The transaction is valued at approximately $2.7 billion and is expected to close in late third or early fourth quarter of 2019.
May 06, 2019 11:52 am ET
CHESAPEAKE LODGING TRUST SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Merger
Rigrodsky & Long, P.A.: Do you own shares of Chesapeake Lodging Trust (NYSE: CHSP)?Did you purchase any of your shares prior to May 6, 2019?Do you think the proposed merger is fair?Do you want to discuss your rights?  Rigrodsky & Long, P.A....
May 06, 2019 11:29 am ET
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of Chesapeake Lodging Trust to Park Hotels & Resorts Inc. is Fair to Shareholders
NEW YORK, May 6, 2019 - The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Chesapeake Lodging Trust (“Chesapeake” or the “Company”) (NYSE: CHSP) stock prior to May 6, 2019. You are hereby...
May 06, 2019 08:13 am ET
Chesapeake (CHSP) Alert: Johnson Fistel Investigates Proposed Sale of Chesapeake Lodging Trust; Are Chesapeake Shareholders Getting a Fair Deal?
SAN DIEGO, May 6, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Chesapeake Lodging Trust (NYSE: CHSP) ("Chesapeake") breached their fiduciary duties in connection with the proposed sale of the Company to Park Hotels & Resorts Inc. (NYSE: PK) ("Park").
May 06, 2019 06:05 am ET
Park Hotels & Resorts Inc. Reports First Quarter 2019 Results
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the first quarter ended March 31, 2019. Highlights include:
May 06, 2019 06:00 am ET
Park Hotels & Resorts Announces $2.7 Billion Strategic Acquisition of Chesapeake Lodging Trust
Park Hotels & Resorts Inc. (“Park”, the “Company”) (NYSE:PK) and Chesapeake Lodging Trust (“Chesapeake”) (NYSE:CHSP) today announced that they have entered into a definitive merger agreement under which Park will acquire all the outstanding shares of Chesapeake in a cash and stock transaction valued at approximately $2.7 billion (inclusive of transaction costs). Upon completion of the merger, the combined company will have an estimated enterprise value of $12 billion, firmly solidifying Park’s position as the second largest lodging REIT while
Apr 17, 2019 06:00 am ET
Park Hotels & Resorts Announces First Quarter 2019 Earnings Conference Call on May 9, 2019
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the first quarter 2019 after the stock market closes on Wednesday, May 8, 2019. Park will hold a conference call on Thursday, May 9, 2019 at 11:00 a.m. Eastern Time (ET) to discuss its earnings results and business outlook for 2019.
Mar 27, 2019 04:15 pm ET
Park Hotels & Resorts Inc. Announces the Sale of the Hilton Nuremberg for $17.5M
Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it has closed on the sale of the 152-room Hilton Nuremberg hotel (the “Hotel”) located in Nuremberg, Germany for gross proceeds of $17.5 million, or $115,000 per key. When adjusted for Park’s anticipated capital expenditures (“capex”) of $10.1 million for the Hotel, the sale price represents a 3.5% capitalization rate on the Hotel’s 2018 net operating income (5.6% excluding capex), or 21.2x (13.4x excluding capex) the Hotel’s 2018 EBITDA. Proceeds from the sale will be used for
Mar 18, 2019 10:00 am ET
Caribe Hilton To Debut New Multi-Million Dollar Look
SAN JUAN, Puerto Rico, March 18, 2019 /PRNewswire/ -- Caribe Hilton, one of Puerto Rico's most beloved beachfront hotels, announces it's now taking reservations for stays beginning May 15th, unveiling a more than $100 million-dollar restoration -- a major milestone as the property celebrates its 70th year of operation and as Hilton marks its 100th anniversary.
Feb 27, 2019 04:15 pm ET
Park Hotels & Resorts Inc. Reports Fourth Quarter and Full-Year 2018 Results
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the fourth quarter and full year ended December 31, 2018. Highlights include:
Feb 12, 2019 08:25 am ET
Factors of Influence in 2019, Key Indicators and Opportunity within Park Hotels & Resorts, Planet Fitness, Aevi Genomic Medicine, Ardelyx, AMERISAFE, and inTest — New Research Emphasizes Economic Grow
In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders, and shareholders of Park Hotels & Resorts Inc. (NYSE:PK), Planet Fitness, Inc. (NYSE:PLNT), Aevi...
Feb 07, 2019 04:15 pm ET
Park Hotels & Resorts Inc. Announces the Sale of Pointe Hilton Squaw Peak Resort for $51.4 Million
Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it has closed on the sale of the 563-room Pointe Hilton Squaw Peak Resort (the “Hotel”) located in Phoenix, AZ, for gross proceeds of $51.4 million, or $91,200 per key before customary closing costs. When adjusted for Park’s anticipated capital expenditures (“capex”) of $28 million for the Hotel, the sale price represents a 5.2% capitalization rate on the Hotel’s projected 2018 net operating income (8.0% excluding capex), or 13.9x the Hotel’s projected 2018 EBITDA. Proceeds from
Jan 22, 2019 03:15 pm ET
Braemar Hotels & Resorts Completes $195 Million Refinancing of Mortgage Loan
DALLAS, Jan. 22, 2019 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") announced today that it has successfully refinanced its Aareal Capital mortgage loan with an existing outstanding balance totaling approximately $187 million and a final maturity date in November 2021.  The new loan was originated by PGIM Real Estate Finance, totals $195 million and has a five year term.   The loan is interest only and provides for a floating interest rate of LIBOR + 1.70%.  The loan remains secured by the same two hotels:  the Capital Hilton in Washington,
Jan 16, 2019 05:50 pm ET
Park Hotels & Resorts Inc. Announces Tax Treatment of 2018 Dividends
Park Hotels & Resorts Inc. (NYSE: PK) (the “Company”) today announced the tax reporting information for its 2018 cash distributions on its Common Stock.
Jan 07, 2019 04:15 pm ET
Park Hotels & Resorts Announces Fourth Quarter and Full Year 2018 Earnings Conference Call on February 28, 2019
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the fourth quarter and full year 2018 after the stock market closes on Wednesday, February 27, 2019. Park will hold a conference call on Thursday, February 28, 2019 at 10:00 a.m. Eastern Time (ET) to discuss its earnings results and outlook for 2019.
Dec 12, 2018 05:27 pm ET
Park Hotels & Resorts Announces Fourth Quarter Dividend of $1.00 Per Share
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a fourth quarter cash dividend of $1.00 per share of common stock. The dividend will be paid on January 15, 2019 to holders of record as of December 31, 2018.
Nov 12, 2018 07:35 am ET
Research Report Identifies Ironwood Pharmaceuticals, The AES, Accuray, Ball, Park Hotels & Resorts, and NeoGenomics with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD), The AES Corporation...
Nov 01, 2018 04:15 pm ET
Park Hotels & Resorts Inc. Reports Third Quarter 2018 Results
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the third quarter ended September 30, 2018. Highlights include:
Oct 11, 2018 08:15 am ET
Market Trends Toward New Normal in Park Hotels & Resorts, Safety Insurance Group, Cincinnati Financial, Anika Therapeutics, CME Group, and Midstates Petroleum — Emerging Consolidated Expectations, Ana
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Park Hotels Resorts Inc. (NYSE:PK), Safety Insurance Group, Inc....
Sep 26, 2018 04:15 pm ET
Park Hotels & Resorts Announces Third Quarter 2018 Earnings Conference Call on November 2, 2018
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the third quarter 2018 after the stock market closes on Thursday, November 1, 2018. Park will hold a conference call on Friday, November 2, 2018 at 11:00 a.m. Eastern Time (ET) to discuss its earnings results and business outlook for the remainder of 2018.
Sep 17, 2018 04:33 pm ET
Park Hotels & Resorts Inc. Names Carl A. Mayfield Executive Vice President—Design & Construction
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.
Aug 09, 2018 08:25 am ET
Recent Analysis Shows NIC, CarGurus, Coeur Mining, ONEOK, Wayfair, and Park Hotels & Resorts Market Influences — Renewed Outlook, Key Drivers of Growth
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of NIC Inc. (NASDAQ:EGOV), CarGurus, Inc. (NASDAQ:CARG), Coeur Mining, Inc....
Aug 01, 2018 04:15 pm ET
Park Hotels & Resorts Inc. Reports Second Quarter 2018 Results
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the second quarter ended June 30, 2018. Highlights include:
Jul 05, 2018 04:15 pm ET
Park Hotels & Resorts Announces Second Quarter 2018 Earnings Conference Call on August 2, 2018
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the second quarter 2018 after the stock market closes on Wednesday, August 1, 2018. Park will hold a conference call on Thursday, August 2, 2018 at 10:00 a.m. Eastern Time (ET) to discuss its earnings results and business outlook for the remainder of 2018.
May 18, 2018 06:00 am ET
Park Hotels & Resorts Inc. Announces the Sale of the Hilton Berlin and Declaration of Special Dividend
Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it has closed on the sale of the 601-room Hilton Berlin (the “Hotel”) located in Berlin, Germany, for gross proceeds to the joint venture owners of the entities that own the Hotel of €297 million, before customary closing adjustments. The gross proceeds equate to approximately $350 million, or $583,000 per key. Park’s pro rata share of gross proceeds was approximately $140 million. The sale price represents an EBITDA multiple of approximately 20x the Hotel’s 2017 EBITDA.
May 08, 2018 07:50 am ET
Detailed Research: Economic Perspectives on Park Hotels & Resorts, Steel Dynamics, Tenet Healthcare, The TJX Companies, VeriSign, and W&T Offshore — What Drives Growth in Today's Competitive Landscape
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Park Hotels Resorts Inc. (NYSE:PK), Steel Dynamics, Inc. (NASDAQ:STLD),...
May 03, 2018 04:15 pm ET
Park Hotels & Resorts Inc. Reports First Quarter 2018 Results
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the first quarter ended March 31, 2018. Highlights include:
Apr 23, 2018 06:00 am ET
Park Hotels & Resorts Inc. Completes $14 Million Renovation and Repositioning of the Hilton Santa Barbara Beachfront Resort
Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) announced today that the company recently completed a $14 million renovation and repositioning of its DoubleTree Fess Parker hotel, including a rebrand to the Hilton Santa Barbara Beachfront Resort. The hotel is owned in a 50-50 joint venture along with its partner, the Fess Parker family.
Apr 04, 2018 05:24 pm ET
Park Hotels & Resorts Announces First Quarter 2018 Earnings Conference Call on May 4, 2018
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the first quarter 2018 after the stock market closes on Thursday, May 3, 2018. Park will hold a conference call on Friday, May 4, 2018 at 10:00 a.m. Eastern Time (ET) to discuss its earnings results and business outlook for 2018.
Mar 12, 2018 06:00 am ET
Park Hotels & Resorts Inc. Announces HNA Secondary Offering/Repurchase Completion, Updated 2018 Earnings Guidance and New Corporate Headquarters
Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) announced today the completion of the underwritten secondary offering of shares by an affiliate of HNA Tourism Group Co., Ltd. (“HNA”), and corresponding repurchase of shares by Park, both of which were completed on Friday, March 9, 2018. As well, Park announced its updated 2018 earnings guidance giving effect to the retirement of shares following the repurchase from HNA, and its move to a new corporate headquarters.
Mar 08, 2018 06:43 am ET
Park Hotels & Resorts Inc. Announces Full Exercise of Option to Purchase Additional Shares in Secondary Offering
Park Hotels & Resorts Inc. (NYSE:PK) (“Park” or the “Company”) announced today that the underwriters exercised in full their option to purchase 5,171,929 additional shares of Park’s common stock at an exercise price of $25.75 per share (before deducting underwriting discounts and commissions) in connection with the previously announced secondary offering of Park’s common stock by HNA HLT Holdco I LLC (the “Selling Stockholder”), an affiliate of HNA Tourism Group Co., Ltd. (“HNA”). The closing of the option is expected to occur on March 9, 2018,
Mar 06, 2018 07:02 pm ET
Park Hotels & Resorts Inc. Announces Pricing of Secondary Offering
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that HNA HLT Holdco I LLC (the “Selling Stockholder”), an affiliate of HNA Tourism Group Co., Ltd., has priced an underwritten secondary offering of 34,479,524 shares of Park’s common stock at $25.75 per share, which was increased from the previously announced 32,950,000 shares. The offering is expected to close on March 9, 2018, subject to the satisfaction of all closing conditions. In connection with the offering, the Selling Stockholder has granted the underwriter
Mar 06, 2018 07:35 am ET
Report: Developing Opportunities within Carrizo Oil & Gas, Stryker, National Oilwell Varco, CommScope Holding, Park Hotels & Resorts, and Steel Dynamics — Future Expectations, Projections Moving into
NEW YORK, March 06, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO),...
Mar 05, 2018 07:01 am ET
Park Hotels & Resorts Inc. Announces Secondary Offering of 32,950,000 Shares of Common Stock and Stock Repurchase
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that HNA HLT Holdco I LLC (the “Selling Stockholder”), an affiliate of HNA Tourism Group Co., Ltd., has commenced an underwritten secondary offering of 32,950,000 shares of Park’s common stock. In connection with the offering, the Selling Stockholder intends to grant the underwriters an option to purchase up to 4,942,500 additional shares of common stock from the Selling Stockholder.
Mar 01, 2018 04:15 pm ET
Park Hotels & Resorts Inc. Reports Fourth Quarter and Full Year 2017 Results
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the fourth quarter and full year ended December 31, 2017. Highlights include:
Feb 27, 2018 06:00 am ET
Park Hotels & Resorts Inc. Closes on the Sale of $317 Million of Non-Core Assets; Greatly Reducing Its Exposure to International Markets
Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it closed on the sale of 11 non-core assets, including a portfolio of three Embassy Suites hotels, a portfolio of seven U.K. hotels and one South African hotel for total gross proceeds of $317 million, equating to $136,000 per key across three separate transactions. When adjusted for Park’s anticipated capital expenditures of $123 million for the 11 hotels, the proceeds represent a 5.7% capitalization rate on the portfolio’s projected 2017 net operating income (7.9% excluding cap
Feb 01, 2018 08:26 am ET
Park Hotels & Resorts Inc. Announces the Sale of the Hilton Rotterdam
Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it closed on the sale of the 254-room Hilton Rotterdam (the “Hotel”) located in Rotterdam, Netherlands, for gross proceeds of approximately $62 million, equating to $245,000 per key. When adjusted for Park’s anticipated capital expenditures (“capex”) for the Hotel, the sale price represents a 4.8% capitalization rate on the Hotel’s projected 2017 net operating income (5.5% excluding capex), or 17.8x the Hotel’s projected 2017 EBITDA (15.4x excluding capex).
Jan 26, 2018 07:08 pm ET
CORRECTING and REPLACING Park Hotels & Resorts Inc. Announces Tax Treatment of 2017 Dividends
Third paragraph, the second percentage figure in parentheses should read: 59.4115% (instead of 0.594115%).
Jan 26, 2018 06:00 am ET
Park Hotels & Resorts Announces Fourth Quarter and Full Year 2017 Earnings Conference Call on March 2, 2018
Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the fourth quarter and full year 2017 after the stock market closes on Thursday, March 1, 2018. Park will hold a conference call on Friday, March 2, 2018 at 10:00 a.m. Eastern Time (ET) to discuss its earnings results and outlook for 2018.
Dec 13, 2017 04:15 pm ET
Park Hotels & Resorts Inc. Announces Quarterly Dividend of $0.55 Per Share
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a fourth quarter dividend of $0.55 per share of common stock. The dividend will be paid in cash on January 16, 2018 to holders of record as of December 29, 2017. The fourth quarter dividend, together with the regular cash dividends paid in the first three quarters of 2017, represent an annual yield of 6.5% based on the closing stock price as of December 13, 2017.
Nov 28, 2017 04:10 pm ET
Park Hotels & Resorts Inc. Announces Pricing of Secondary Sales of 16,830,000 Shares of Common Stock
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that certain selling stockholders (the “Selling Stockholders”) affiliated with The Blackstone Group L.P. have informed the Company that they have agreed to sell 16,830,000 shares of Park’s common stock in privately negotiated transactions pursuant to Park’s effective shelf registration statement. Following the closing of the sale of such 16,830,000 shares and related distributions of the remaining 84,809 shares of Park’s common stock held by the Selling Stockh
Nov 13, 2017 04:30 pm ET
Sunstone Hotel Investors Refinances $220 Million Mortgage Loan Secured By The Hilton San Diego Bayfront
ALISO VIEJO, Calif., Nov. 13, 2017 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced that it has refinanced the existing $220 million mortgage loan secured by the Hilton San Diego Bayfront with a new $220 million mortgage loan (the "Loan"). The Loan has a three-year initial term and three one-year extension options, subject to the satisfaction of certain conditions. The Loan is interest only and provides for a floating interest rate of LIBOR plus 1.05% with a 25 basis point increase during the final one-year extension period, if extended
Nov 07, 2017 07:30 am ET
Detailed Research: Economic Perspectives on Park Hotels & Resorts, Cherry Hill Mortgage Investment, American Financial, W&T Offshore, Iron Mountain, and New Residential Investment – What Drives Growth
NEW YORK, Nov. 07, 2017 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Park Hotels & Resorts Inc. (NYSE:PK),...
Nov 06, 2017 04:04 pm ET
Park Hotels & Resorts Inc. Announces Secondary Sales of up to 16,830,000 Shares of Common Stock
Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that certain selling stockholders (the “Selling Stockholders”) affiliated with The Blackstone Group L.P. have informed the Company that they intend to sell, subject to market conditions, up to 16,830,000 shares of Park’s common stock in privately negotiated transactions pursuant to Park’s effective shelf registration statement. Following the closing of the sale of such 16,830,000 shares in one or more transactions and related distributions of the remaining 84,809
Nov 02, 2017 04:15 pm ET
Park Hotels & Resorts Inc. Reports Third Quarter 2017 Results
Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the third quarter ended September 30, 2017. Highlights include:
Sep 27, 2017 01:00 pm ET
Hilton and Fess Parker Family Announce Extensive Remodel and Rebranding of Santa Barbara's Iconic Beachfront Resort
SANTA BARBARA, Calif., Sept. 27, 2017 /PRNewswire/ -- Hilton (NYSE: HLT) and the Fess Parker family, announce the first phase of a complete renovation and rebrand of The Fess Parker, A Doubletree by Hilton Resort.  Upon completion, the hotel will be known as Hilton Santa Barbara Beachfront Resort. Originally built in 1986, the property will remain managed by Hilton and jointly owned by Park Hotels & Resorts (PK-NYSE) along with Fess Parker's children who are proud to continue their 30-year partnership with Hilton.

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