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.
Park Hotels & Resorts Inc. (NYSE: PK), a leading lodging REIT specializing in premium hospitality assets, maintains this news hub for investors tracking its strategic initiatives and market position. Access timely updates on earnings reports, property acquisitions, capital allocation decisions, and operational developments across its portfolio of luxury hotels in prime U.S. markets.
This resource consolidates official press releases and verified financial news, offering stakeholders a reliable channel to monitor the company’s performance in key areas like asset management, debt restructuring, and brand partnerships. Regular updates cover critical events including quarterly results, dividend declarations, and portfolio optimization strategies that shape PK’s position in the competitive hospitality REIT sector.
Key focus areas include updates on gateway market properties, renovations of flagship assets, and strategic transactions aligned with the company’s focus on high-barrier urban markets. Visitors will find concise summaries of material developments affecting shareholder value and long-term growth prospects, curated for both institutional and individual investors.
Bookmark this page for streamlined access to Park Hotels & Resorts’ latest financial communications and market-moving announcements. Check back regularly for authoritative coverage of PK’s evolving strategy in the dynamic hospitality real estate landscape.
Park Hotels & Resorts has been awarded the 2023 ENERGY STAR Partner of the Year Award for Energy Management by the U.S. EPA and Department of Energy. This recognition highlights the company's commitment to energy efficiency and environmental sustainability. Park is noted as the only hotel company to receive this award in 2023, emphasizing its leadership in implementing a portfolio-wide energy program. The company recently also earned a spot on Newsweek’s list of Most Trustworthy Companies for the second consecutive year, showcasing its strong commitment to ESG initiatives.
Park Hotels & Resorts Inc. (NYSE: PK) announced it will report its financial results for Q1 2023 on May 1, 2023, before market opening. A conference call is scheduled for 11:00 a.m. ET on the same day to discuss earnings, current operations, and business outlook. The call can be accessed via telephone at (877) 451-6152 for U.S. callers or (201) 389-0879 for international participants. Participants are encouraged to join 10 minutes early. Park operates 46 premium hotels and resorts, boasting over 29,000 rooms in prime markets. The company focuses on delivering strong returns to shareholders through strategic asset management.
Park Hotels & Resorts has announced a first-quarter cash dividend of $0.15 per share, set for payment on April 17, 2023. Investors of record as of March 31, 2023 will benefit from this payout. The company emphasizes its commitment to capital allocation, including potential stock repurchases, while acknowledging risks from macroeconomic factors like inflation and interest rate increases that could affect its business performance. Park operates a portfolio of 46 hotels with over 29,000 rooms, focusing on prime locations.
Park Hotels & Resorts reported strong Q4 and full-year 2022 results, posting a 46.7% increase in comparable RevPAR to $162.81 and achieving net income of $35 million, a significant recovery from a loss of $65 million in Q4 2021. The company exceeded expectations with operating income surging 3,238.1% to $84 million. Comparable hotel adjusted EBITDA reached $166 million, an increase of 98.4% year-over-year. Park's liquidity stands at approximately $1.9 billion, supporting capital projects and potential share repurchases. Outlook for Q1 2023 anticipates RevPAR between $156 and $162, indicating a 34%-40% increase over 2022.
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