Park Hotels & Resorts SEC Filings

Park Hotels & Resorts Inc. director received an equity award in lieu of cash board fees for the fourth quarter of 2025. On December 23, 2025, the director was granted 2,475 shares of unrestricted common stock under the Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors, as amended and restated. The shares vested immediately and the value of the grant was based on the closing sales price of Park Hotels & Resorts common stock on the New York Stock Exchange on the grant date. Following this award, the director beneficially owns 143,168 shares of Park Hotels & Resorts common stock, held directly.

Park Hotels & Resorts Inc. director reports stock award in lieu of cash fees. A non-employee director of Park Hotels & Resorts Inc. (PK) received 2,711 shares of common stock on December 23, 2025. The award was taken instead of cash fees for serving on the board during the fourth quarter of 2025 under the company’s 2017 Stock Plan for Non-Employee Directors. The stock was granted at a price of $0 to the director as compensation and vested immediately on the grant date, with value based on the New York Stock Exchange closing price that day. After this grant, the director beneficially owns 139,414 shares of Park Hotels & Resorts common stock in direct ownership.

Park Hotels & Resorts Inc. director receives stock in lieu of fees

A director of Park Hotels & Resorts Inc. reported receiving 2,829 shares of the company’s common stock on December 23, 2025. This was an award of unrestricted common stock granted under the Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors, as amended and restated, instead of taking cash fees for serving on the board during the fourth quarter of 2025.

The shares were granted on the fifth business day before the fees would otherwise have been paid and vested immediately. After this grant, the director beneficially owned 147,552 shares of Park Hotels & Resorts Inc. common stock in direct ownership. The grant value was based on the closing sales price of the company’s common stock on the New York Stock Exchange on the grant date.

Park Hotels & Resorts Inc. announced that it has posted an updated investor presentation on its website for use at conferences and meetings. The presentation, dated December 9, 2025, discusses the company’s progress in selling non-core hotels and how those sales affect its remaining portfolio. The presentation is furnished as Exhibit 99.1 to this report for informational purposes under Regulation FD and is not treated as filed under federal securities laws.

Park Hotels & Resorts Inc. received an updated ownership report showing that RM Trading of Florida LLC and related investors now hold a passive stake of about 5% of its common stock. RM Trading reports beneficial ownership of 10,000,000 shares, representing 5.0% of the class, based on 199,911,257 common shares outstanding as of September 30, 2025.

Individual investor Roger J. Beit reports a total beneficial ownership of 10,450,000 shares, or 5.2% of the class, including 450,000 shares he holds directly. Beit and Mark S. Paley, as managers and members of RM Trading, may be deemed to share voting and dispositive power over the 10,000,000 shares owned by the LLC. The filers certify that the shares were not acquired to change or influence control of Park Hotels & Resorts and are reported on a passive Schedule 13G/A.

Donald Smith & Co., Inc. filed a Schedule 13G reporting a passive stake in Park Hotels & Resorts Inc. (PK).

The firm reports beneficial ownership of 12,804,583 shares, representing 6.41% of the common stock, with a Date of Event of 09/30/2025. Of this, Donald Smith & Co., Inc. has sole voting and dispositive power over 12,694,136 shares, while DSCO Value Fund, L.P. has sole voting and dispositive power over 110,447 shares. No shared voting or dispositive power is reported.

The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

Park Hotels & Resorts (PK) reported Q3 2025 results. Total revenues were $610 million, down from $649 million a year ago, and net loss attributable to stockholders was $16 million (basic and diluted loss per share $0.08). Hotel Adjusted EBITDA was $141 million versus $168 million last year.

Results reflected softer Hawaii and Miami performance and higher depreciation tied to renovations, including approximately $56 million related to the full-scale renovation at the Royal Palm South Beach Miami. Year‑to‑date, the company recorded a $70 million impairment tied to the Hyatt Centric Fisherman’s Wharf, which was sold in May 2025 for gross proceeds of $80 million. Gains on derecognition of assets were $16 million in the quarter from the San Francisco CMBS default mechanism.

Liquidity remained solid with cash and cash equivalents of $278 million. In September 2025, Park amended its credit facilities, lifting Revolver capacity to $1 billion, adding a new $800 million senior unsecured delayed draw term loan, and extending the Revolver maturity to September 17, 2029. Contractual debt maturities include $1,550 million in 2026. The receiver for the Hilton San Francisco Hotels has court approval to sell those assets, with closing expected by November 21, 2025.

Park Hotels & Resorts Inc. (PK) furnished an 8-K to announce its results of operations for the third quarter ended September 30, 2025, and made supplemental portfolio and operating information available.

The company provided a press release and third‑quarter supplemental data as Exhibits 99.1 and 99.2. These materials were furnished under Item 2.02 and are not deemed filed under Section 18 of the Exchange Act.

Timothy J. Naughton, a director of Park Hotels & Resorts Inc. (PK), was granted 2,271 shares of the issuer's unrestricted common stock on 09/23/2025 in lieu of cash board fees under the Park Hotels & Resorts 2017 Stock Plan for Non-Employee Directors. The shares vested immediately and were granted at no cash price to the reporting person, with market value determined by the closing price on the grant date. After the grant, Mr. Naughton beneficially owned 140,693 shares.