Welcome to our dedicated page for Park Hotels & Resorts news (Ticker: PK), a resource for investors and traders seeking the latest updates and insights on Park Hotels & Resorts stock.
News and updates for Park Hotels & Resorts Inc. (NYSE: PK) focus on its activities as a lodging REIT owning premium-branded hotels and resorts in prime U.S. city center and resort locations. Company announcements regularly describe changes in portfolio composition, operating performance across key markets and developments in its capital structure.
Investors following PK news will see recurring coverage of quarterly and annual earnings results, where Park reports metrics such as Comparable RevPAR, ADR, occupancy and Comparable Hotel Adjusted EBITDA. These releases often include commentary on trends in group, leisure and government transient demand, as well as updates on renovations, temporary hotel closures and performance by market and hotel type.
Another frequent news theme is Park’s portfolio transformation and Non‑Core hotel disposition activity. The company issues press releases when it sells or exits Non‑Core hotels, explains expected proceeds and notes how capital will be redeployed into return‑on‑investment projects or used for broader corporate purposes. Updates may also discuss the impact of these transactions on the overall portfolio and Park’s stated objective to enhance portfolio quality.
Park’s news flow also covers financing and balance sheet matters, including amendments and recasts of its Credit Facilities, changes in revolving credit capacity and the addition of term loan facilities. These items provide context on how the company addresses upcoming debt maturities and maintains liquidity.
In addition, Park publishes news related to corporate responsibility, such as the release of its Corporate Responsibility Report, ESG ratings, GRESB Real Estate Assessment scores and property‑level milestones like LEED certifications or planned solar projects. Readers who monitor this page can review a consolidated stream of these earnings, transaction, financing and ESG announcements as they are released.
Park Hotels & Resorts (NYSE: PK) has scheduled its first quarter 2025 earnings conference call for May 5, 2025. The company will release its financial results before the stock market opens, followed by a conference call at 10:00 a.m. ET to discuss earnings results, operational environment, and business outlook.
Participants can join via telephone by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international). A webcast will be available on www.pkhotelsandresorts.com, with replay access through the Investor Relations section.
Park is one of the largest publicly traded lodging REITs, managing a portfolio of 40 premium-branded hotels and resorts with approximately 25,000 rooms in prime city center and resort locations.
Park Hotels & Resorts (NYSE: PK) reported strong Q4 and full-year 2024 performance, with Comparable RevPAR growth of 4.2% for the full year when adjusting for strike impact. The company experienced exceptional results at Bonnet Creek and Key West properties, highlighting successful renovation outcomes.
Key developments include: disposal of three non-core assets in 2024, including two joint venture hotels for $200 million; return of over $400 million to shareholders, including 8.0 million shares repurchased at $14.44 per share average; and declaration of $1.40 total dividends in 2024.
The company announced a $100 million transformative renovation at Royal Palm South Beach Miami, scheduled to begin late spring 2025. Despite expected renovation disruption of 110 basis points to 2025 Comparable RevPAR, the company projects 2025 Comparable RevPAR growth between 0.0% and 3.0%. Group Revenue Pace for 2025 is up nearly 6% year-over-year.
Park Hotels & Resorts (NYSE:PK) has announced the tax treatment details for its 2024 cash distributions on Common Stock. The company distributed a total of $1.40 per share throughout the year, paid in four installments: $0.25 each on April 15, July 15, and October 15, 2024, plus $0.65 on January 15, 2025.
For tax purposes, the distributions are classified as: 91.8379% ($1.285731) ordinary dividends and 8.1621% ($0.114269) capital gain distribution. Of the ordinary dividends, $0.292918 are qualified dividends, and $0.992813 are Section 199A dividends.
Park is one of the largest publicly traded lodging REITs, managing a portfolio of 40 premium-branded hotels and resorts with approximately 25,000 rooms, primarily in prime city center and resort locations.
Park Hotels & Resorts (NYSE: PK) has announced it will release its fourth quarter and full year 2024 financial results after market close on Wednesday, February 19, 2025. The company will host a conference call on Thursday, February 20, 2025, at 11:00 a.m. ET to discuss earnings results and provide its 2025 outlook.
Park Hotels & Resorts operates as one of the largest publicly traded lodging REITs, managing a portfolio of 40 premium-branded hotels and resorts with approximately 25,000 rooms in prime city center and resort locations.
Park Hotels & Resorts (NYSE: PK) has released its 2023 Corporate Responsibility Report, highlighting environmental, social, and governance initiatives. The company announced that six of its properties earned ENERGY STAR certifications in 2024 for superior energy performance, including the 2,860-room Hilton Hawaiian Village Waikiki Beach Resort. Since 2017, Park properties have earned 33 ENERGY STAR certifications.
The report details Park's environmental reduction progress, efficiency enhancement efforts, and commitment to diversity, equity, and inclusion. Park achieved notable recognition in the GRESB Real Estate Assessment, ranking in the top 30% of publicly listed companies in the Americas, with a one-point increase over 2023 and maintaining an 'A' score in GRESB Public Disclosure.
Park Hotels & Resorts reported strong Q4 2024 performance with preliminary November RevPAR down 3.9% year-over-year, but would have shown 1.2% growth excluding strike impacts. Full-year 2024 RevPAR is trending towards 2.5% growth, or 3.9% excluding strike activity.
The company highlighted strong performance at renovated properties, with double-digit RevPAR growth at Bonnet Creek Orlando and Casa Marina Resort. On capital allocation, Park sold the DoubleTree Hotel Spokane for $35 million and repurchased $26 million in stock during Q4. Year-to-date, the company has sold 3 hotels for $76 million.
Park declared a Q4 dividend of $0.65 per share, including a $0.40 top-off dividend, representing an 8.9% annual yield. In 2024, Park has returned nearly $375 million to shareholders through dividends and stock repurchases.
Park Hotels & Resorts has declared a fourth quarter dividend of $0.65 per share, consisting of a $0.25 regular quarterly dividend plus a $0.40 top-off dividend based on 2024 operating results. The dividend will be paid on January 15, 2025, to stockholders of record as of December 31, 2024. The company's 2024 dividends represent a 9.0% annual yield. Park will have returned $375 million to shareholders in 2024, including $290 million in dividends and over $85 million in share repurchases for nearly 6 million shares.