Park Hotels & Resorts (NYSE: PK) gets new 5%+ passive holder in RM Trading

Rhea-AI Filing Summary

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.

Insights

Equity ownership and governance analyst

New passive 5%+ holder discloses stake in Park Hotels & Resorts.

RM Trading of Florida LLC reports beneficial ownership of 10,000,000 Park Hotels & Resorts shares, equal to 5.0% of the common stock based on 199,911,257 shares outstanding as of September 30, 2025. This places RM Trading among the larger disclosed shareholders but within a typical range for institutional or concentrated investors.

Roger J. Beit reports total beneficial ownership of 10,450,000 shares, or 5.2% of the class, including 450,000 shares he owns directly, while he and Mark S. Paley share voting and dispositive power over the LLC’s 10,000,000 shares. The filing is on Schedule 13G/A and explicitly certifies that the securities are not held for the purpose of changing or influencing control, indicating a passive stance rather than an activist campaign.

The filing provides transparency on block ownership and control relationships but does not, by itself, signal a change in Park Hotels & Resorts’ strategic direction. Subsequent ownership reports or governance disclosures in future company filings could further clarify how this stake evolves over time.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Park Hotels & Resorts Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

700517105

(CUSIP Number)

11/25/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 700517105

1

Names of Reporting Persons

RM Trading of Florida LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 10,000,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 10,000,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,000,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.0 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: 10,000,000 shares, all of which are directly owned by RMT. *Based on 199,911,257 Common Shares outstanding as of September 30, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the Securities and Exchange Commission on November 3, 2025.

SCHEDULE 13G

CUSIP No. 700517105

1

Names of Reporting Persons

Paley Mark Steven

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 10,000,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 10,000,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,000,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.0 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: 10,000,000 shares, all of which are directly owned by RMT. Mark S. Paley, manager and member of RMT, may be deemed to have shared voting power to vote these shares. *Based on 199,911,257 Common Shares outstanding as of September 30, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the Securities and Exchange Commission on November 3, 2025.

SCHEDULE 13G

CUSIP No. 700517105

1

Names of Reporting Persons

BEIT ROGER J

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 450,000.00
6	Shared Voting Power 10,000,000.00
7	Sole Dispositive Power 450,000.00
8	Shared Dispositive Power 10,000,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,450,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.2 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: 10,000,000 shares, all of which are directly owned by RMT. Roger J. Beit, manager and member of RMT, may be deemed to have shared voting power to vote these shares. *450,000 shares are directly owned by Roger J. Beit. *Based on 199,911,257 Common Shares outstanding as of September 30, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the Securities and Exchange Commission on November 3, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Park Hotels & Resorts Inc.
(b)	Address of issuer's principal executive offices: 1775 TYSONS BLVD, 1775 TYSONS BLVD, TYSONS, VIRGINIA, 22102
Item 2.
(a)	Name of person filing: RM Trading of Florida LLC
(b)	Address or principal business office or, if none, residence: 1 North Breakers Row, Apt 141, Palm Beach, FL 33480
(c)	Citizenship: Florida
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 700517105
Item 4.	Ownership
(a)	Amount beneficially owned: See Row 9 of the cover page for each Reporting Person.
(b)	Percent of class: See Row 11 of the cover page for each Reporting Person.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Row 5 of the cover page for each Reporting Person.
	(ii) Shared power to vote or to direct the vote: See Row 6 of the cover page for each Reporting Person.
	(iii) Sole power to dispose or to direct the disposition of: See Row 7 of the cover page for each Reporting Person.
	(iv) Shared power to dispose or to direct the disposition of: See Row 8 of the cover page for each Reporting Person.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

RM Trading of Florida LLC

Signature:	Mark S. Paley
Name/Title:	Manager
Date:	12/02/2025

Paley Mark Steven

Signature:	Mark Steven Paley
Name/Title:	Individual
Date:	12/02/2025

BEIT ROGER J

Signature:	Roger J Beit
Name/Title:	Individual
Date:	12/02/2025

FAQ

What stake in Park Hotels & Resorts Inc. (PK) does RM Trading of Florida LLC report?

RM Trading of Florida LLC reports beneficial ownership of 10,000,000 shares of Park Hotels & Resorts common stock, representing 5.0% of the class based on 199,911,257 shares outstanding as of September 30, 2025.

How many Park Hotels & Resorts (PK) shares does Roger J. Beit beneficially own?

Roger J. Beit reports beneficial ownership of 10,450,000 Park Hotels & Resorts shares, or 5.2% of the class. This total includes 450,000 shares held directly by him and his shared interest in 10,000,000 shares owned by RM Trading of Florida LLC.

Does the Schedule 13G/A for Park Hotels & Resorts (PK) indicate activist intent?

No. The filers certify that the Park Hotels & Resorts securities were not acquired and are not held for the purpose of changing or influencing control of the company and are not held in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Who are the reporting persons in the Park Hotels & Resorts (PK) Schedule 13G/A Amendment No. 1?

The reporting persons are RM Trading of Florida LLC, Mark S. Paley, and Roger J. Beit. RM Trading is the direct owner of 10,000,000 shares, and Paley and Beit, as managers and members of RM Trading, may be deemed to share voting and dispositive power over those shares.

What ownership percentages in Park Hotels & Resorts (PK) are disclosed in this filing?

RM Trading of Florida LLC and Mark S. Paley each report beneficial ownership of 5.0% of Park Hotels & Resorts common stock, based on 199,911,257 shares outstanding as of September 30, 2025. Roger J. Beit reports 5.2% beneficial ownership, reflecting his direct and indirect holdings.

On what share count is the reported Park Hotels & Resorts (PK) ownership percentage based?

The reported ownership percentages are based on 199,911,257 Park Hotels & Resorts common shares outstanding as of September 30, 2025, as disclosed in the company’s Form 10-Q for the quarter ended that date.