Park Hotels & Resorts Provides Update on Hurricane Hone

Rhea-AI Summary

Park Hotels & Resorts Inc. (NYSE: PK) has reported that its two Hawaii properties, the 2,860-room Hilton Hawaiian Village in Honolulu and the 647-room Hilton Waikoloa Village on the Big Island, suffered no material damage from Hurricane Hone, a Category 1 hurricane that hit the Hawaiian Islands on Sunday, August 25, 2024. Both hotels maintained power and uninterrupted services, continuing to welcome guests with all customary amenities available.

Thomas J. Baltimore, Jr., Chairman and CEO, expressed gratitude to the hotel staff and emergency personnel for their efforts in ensuring guest and staff safety. Park Hotels & Resorts is one of the largest publicly traded lodging REITs, with a portfolio of 42 premium-branded hotels and resorts totaling nearly 26,000 rooms in prime locations.

Positive

• No material damage to Park's two major Hawaii properties from Hurricane Hone
• Uninterrupted power and services maintained at both hotels
• All customary services and amenities remain available for guests

Negative

• None.

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TYSONS, Va., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE) ("Park") announced today that its two Hawaii hotels—the 2,860-room Hilton Hawaiian Village in Honolulu and the 647-room Hilton Waikoloa Village on the Big Island—sustained no material damage from Hurricane Hone, a Category 1 hurricane that impacted the Hawaiian Islands on Sunday. Both hotels maintained power and uninterrupted services, and continue to welcome guests with all customary services and amenities available.

“I want to personally thank our teams on the ground for their hard work and dedication in protecting the properties,” commented Thomas J. Baltimore, Jr., Chairman and Chief Executive Officer. "I am extremely grateful for the efforts of both the hotel staff and emergency personnel who worked tirelessly to ensure the safety of all guests and staff members.”
                                                   
About Park Hotels & Resorts
Park is one of the largest publicly traded lodging REITs with a diverse portfolio of iconic and market-leading hotels and resorts with significant underlying real estate value. Park’s portfolio currently consists of 42 premium-branded hotels and resorts with nearly 26,000 rooms located in prime city center and resort locations. Visit www.pkhotelsandresorts.com for more information.

For more information, contact:
Ian Weissman
Senior Vice President, Corporate Strategy
571-302-5591
iweissman@pkhotelsandresorts.com

For additional information or to receive press releases via e-mail, please visit our website at
www.pkhotelsandresorts.com

FAQ

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How did Hurricane Hone affect Park Hotels & Resorts' properties in Hawaii?

Park Hotels & Resorts reported that its two Hawaii properties, Hilton Hawaiian Village and Hilton Waikoloa Village, sustained no material damage from Hurricane Hone on August 25, 2024. Both hotels maintained power and uninterrupted services.

Which Park Hotels & Resorts (PK) properties were impacted by Hurricane Hone in Hawaii?

The two Park Hotels & Resorts properties affected by Hurricane Hone were the 2,860-room Hilton Hawaiian Village in Honolulu and the 647-room Hilton Waikoloa Village on the Big Island. However, both properties reported no material damage.

Did Park Hotels & Resorts (PK) close any of its Hawaii properties due to Hurricane Hone?

No, Park Hotels & Resorts did not close its Hawaii properties due to Hurricane Hone. Both the Hilton Hawaiian Village and Hilton Waikoloa Village continued to welcome guests with all customary services and amenities available.

What was the total room count affected by Hurricane Hone for Park Hotels & Resorts (PK) in Hawaii?

The total room count potentially affected by Hurricane Hone for Park Hotels & Resorts in Hawaii was 3,507 rooms, comprising 2,860 rooms at Hilton Hawaiian Village and 647 rooms at Hilton Waikoloa Village.