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 Inc. has seen a strong upward trajectory, gaining about 51% over the last year. The company's improving financial performance and strong growth levers make it an appealing investment opportunity. PK has consistently created value for shareholders through increases in revenue and profit, outperforming its peers and returning capital through dividends and share repurchases.

Park Hotels & Resorts: Strong Growth Levers To Sustain Impressive Financial Performance

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Park Hotels' (PK) fourth-quarter operating trend remains robust, aided by a strong performance in the urban portfolio.

Park Hotels' (PK) Portfolio Sees Robust Q4 Operating Trends

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TYSONS, Va., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided an update on fourth quarter operating trends.

Park Hotels & Resorts Update on Recent Operating Trends and Capital Allocation Highlights

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TYSONS, Va., Dec. 07, 2023 (GLOBE NEWSWIRE) -- 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 initiatives during 2022 as well as the Company's ESG strategies and approach to risk management. In addition, Park has received ENERGY STAR certifications for superior energy performance at six of its hotels and resorts during 2023. Park also announced the recognition by Newsweek as one of America's Most Responsible Companies for 2024—the fourth time Park has been included in the annual survey.

Park Hotels & Resorts Inc. Issues Annual Corporate Responsibility Report and Announces Recent ESG Recognitions

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TYSONS, Va., Nov. 30, 2023 (GLOBE NEWSWIRE) -- 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 $0.78 top off dividend based on 2023 operating results. The dividend, as well as the previously announced special cash dividend of $0.77 per share of common stock, will be paid in cash on January 16, 2024 to stockholders of record as of December 29, 2023.

Park Hotels & Resorts Inc. Announces Fourth Quarter Dividend of $0.93 Per Share

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TYSONS, Va., Nov. 16, 2023 (GLOBE NEWSWIRE) -- 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 Association of Real Estate Investment Trusts (“Nareit”). This is the second consecutive year that Park has received this honor.

Park Hotels & Resorts Inc. Awarded Nareit's 2023 Leader in the Light Award for its Sustainability Practices

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Park Hotels & Resorts Inc. (NYSE:PK ) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Ian Weissman - Senior Vice President, Corporate Strategy Tom Baltimore - Chairman & Chief Executive Officer Sean Dell'Orto - Chief Financial Officer Conference Call Participants Floris van Dijkum - Compass Point Smedes Rose - Citi Duane Pfennigwerth - Evercore ISI Dany Asad - Bank of America Bill Crow - Raymond James Dori Kesten - Wells Fargo Ari Klein - BMO Capital Markets Anthony Powell - Barclays Jay Kornreich - Wedbush Chris Woronka - Deutsche Bank Chris Darling - Green Street Operator Greetings, and welcome to the Park Hotels & Resorts Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Park Hotels & Resorts Inc. (PK) Q3 2023 Earnings Call Transcript

News for Park Hotels & Resorts Stock (PK)