Wolfe Research downgraded Park Hotels & Resorts from Outperform to Peer Perform

Evercore ISI upgraded Park Hotels & Resorts from In-line to Outperform and set a new price target of $20.00

Citigroup upgraded Park Hotels & Resorts from Neutral to Buy and set a new price target of $20.00 from $14.00 previously

Jefferies upgraded Park Hotels & Resorts from Hold to Buy and set a new price target of $21.00 from $14.00 previously

JP Morgan upgraded Park Hotels & Resorts from Underweight to Neutral and set a new price target of $16.00 from $11.00 previously

Barclays upgraded Park Hotels & Resorts from Equal Weight to Overweight and set a new price target of $19.00 from $16.00 previously

HSBC Securities initiated coverage of Park Hotels & Resorts with a rating of Hold and set a new price target of $13.00

Wedbush initiated coverage of Park Hotels & Resorts with a rating of Neutral and set a new price target of $13.00

Wolfe Research initiated coverage of Park Hotels & Resorts with a rating of Outperform and set a new price target of $16.00

Evercore ISI downgraded Park Hotels & Resorts from Outperform to In-line and set a new price target of $18.50

TYSONS, Va., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) today announced its reinstated and updated full-year 2024 earnings guidance following the recent ratification of labor agreements between operators and labor unions at four of Park's hotels – the 2,860-room Hilton Hawaiian Village Waikiki Beach Resort (Honolulu), the 604-room Hilton Boston Logan Airport (Boston), the 850-room DoubleTree Hotel Seattle Airport (Seattle) and the 396-room Hilton Seattle Airport & Conference Center (Seattle). "I am thrilled that our operators, who have been negotiating with the local unions representing the affected employees at the hotels, have succes

TripAdvisor's newly launched "Review Summaries" evaluates/analyzes user impressions of hotel conditions UNITE HERE, the hotel workers' union, has updated their website monitoring Park Hotels and Resorts (NYSE:PK) to include content from TripAdvisor's AI-Driven Review Summaries. The analysis feature, which the TripAdvisor Machine Learning Team crafted using prompt engineering, generative AI, and Large Language Models, launched for select hotels in January of 2024. Park Hotels Capex Problems now includes excerpts from TripAdvisor's overall summary of certain Park-owned hotels and TripAdvisor's ratings of particular attributes. Examples of these summaries include: The Hilton Hawaiian Vill

TYSONS, Va., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) today announced results for the third quarter ended September 30, 2024 and provided an operational update. Selected Statistical and Financial Information (unaudited, amounts in millions, except RevPAR, ADR, Total RevPAR and per share data)  Three Months Ended September 30, Nine Months Ended September 30,  2024   2023  Change(1)  2024   2023  Change(1)Comparable RevPAR$189.73  $183.64  3.3% $188.08  $180.33  4.3%Comparable Occupancy 78.1%  75.6% 2.5% pts  75.7%  73.5% 2.2% ptsComparable ADR$242.88  $242.89  —% $248.57  $245.34  1.3%            Comparable Total RevPAR$294.65  $283.

Major U.S. Hotel Owner, Key Driver of Service and Staffing Cuts, Has Multiple Properties Affected by Ongoing Strikes A recent analysis found that hotels representing over 30% of Park Hotels and Resorts' (NYSE:PK) hotel operating profit are impacted by ongoing U.S. hotel strikes. Park-owned hotels where workers with the UNITE HERE union are on strike generated nearly a third of its 2024 YTD hotel earnings before interest, taxes, depreciation, and amortization (EBITDA), the hotel industry's standard measure of profitability. Park is a real estate investment trust (REIT) and the biggest private-sector owner of Hilton hotels. An analysis by UNITE HERE estimated that Park earned 32.2% of its E

TYSONS, Va., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park") (NYSE:PK) is pleased to announce that the Waldorf Astoria Orlando hotel has been ranked 9th in the world by Condé Nast Traveler in its prestigious 2024 Readers' Choice Awards for the Best Resorts in the World. "We are incredibly honored that the Waldorf Astoria Orlando has been recognized among the world's most distinguished hotels and resorts," said Tom Baltimore, Chairman and Chief Executive Officer of Park Hotels & Resorts. "This accolade is a testament to Park's development capabilities, following our $220 million investment to reimagine both the Waldorf Astoria Orlando and Signia by Hilton Orlando Bonn

TYSONS, Va., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park") (NYSE:PK) today announced that it plans to report financial results for the third quarter 2024 after the stock market closes on Tuesday, October 29, 2024. Park will hold a conference call on Wednesday, October 30, 2024, at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook. The conference call will be accessible by telephone and through the internet. Interested individuals are invited to participate by following these steps: Telephone:Please dial (877) 451-6152, or (201) 389-0879 for international participants, and request Park Hotels & R

The website includes customer reviews of hotels owned by lodging REIT Park Hotels and Resorts UNITE HERE, the hotel workers union, has launched a website collecting customer reviews of hotels owned by Park Hotels and Resorts (NYSE:PK), one of the largest lodging REITs in the world. The launch of the website comes amidst ongoing strikes across the country, including over 1,250 hotel workers on strike in Boston, New Haven, and San Diego as of September 12. Over Labor Day weekend, over 10,000 hotel workers went on strike for higher wages, fair staffing and workloads, and the reversal of COVID-era cuts. ParkHotelsCapExProblems.org collects TripAdvisor and Yelp reviews of certain Park properti

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

Historical Q-2 Revenue Comparison Highlights Significant Growth HOUSTON, TX / ACCESSWIRE / August 26, 2024 / Camber Energy, Inc. (OTC:PK) ("Camber" or the "Company") filed on August 26, 2024 its quarterly report on Form 10-Q for the quarter ended 6/30/2024 and is pleased to share a comparison of revenues reported in Q-2 2024 versus revenues reported by the Company in Q-2 for the preceding three years.Q-2 Historical Reported Revenue Comparison: Revenues for Q-2 2024 were derived primarily from the Company's power solutions' business, including from the design, sale and/or service of power generation units and systems.2024 Q-2 versus Q-1 Comparison:Revenues for the quarter ended 6

TYSONS, Va., July 31, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) today announced results for the second quarter ended June 30, 2024 and provided an operational update. Selected Statistical and Financial Information (unaudited, amounts in millions, except RevPAR, ADR, Total RevPAR and per share data)  Three Months Ended June 30, Six Months Ended June 30,  2024   2023  Change(1)  2024   2023  Change(1)Comparable RevPAR$194.90  $191.03  2.0% $185.28  $177.05  4.6%Comparable Occupancy 77.1%  77.0% 0.1% pts  74.0%  72.2% 1.8% ptsComparable ADR$252.90  $248.33  1.8% $250.51  $245.38  2.1%            Comparable Total RevPAR$311.32  $301.74 

4 - Park Hotels & Resorts Inc. (0001617406) (Issuer)

4 - Park Hotels & Resorts Inc. (0001617406) (Issuer)

4 - Park Hotels & Resorts Inc. (0001617406) (Issuer)

4 - Park Hotels & Resorts Inc. (0001617406) (Issuer)

4 - Park Hotels & Resorts Inc. (0001617406) (Issuer)

4 - Park Hotels & Resorts Inc. (0001617406) (Issuer)

4 - Park Hotels & Resorts Inc. (0001617406) (Issuer)

4 - Park Hotels & Resorts Inc. (0001617406) (Issuer)

4 - Park Hotels & Resorts Inc. (0001617406) (Issuer)

4 - Park Hotels & Resorts Inc. (0001617406) (Issuer)

4 - Park Hotels & Resorts Inc. (0001617406) (Issuer)

Truist Securities analyst Patrick Scholes maintains Park Hotels & Resorts (NYSE:PK) with a Buy and lowers the price target from $21 to $20.

Wedbush analyst Richard Anderson reiterates Park Hotels & Resorts (NYSE:PK) with a Neutral and maintains $17 price target.

Barclays analyst Anthony Powell maintains Park Hotels & Resorts (NYSE:PK) with a Overweight and raises the price target from $21 to $22.

During the last three months, 7 analysts shared their evaluations of Park Hotels & Resorts (NYSE:PK), revealing diverse outlooks from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 2 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 1 0 0 3M Ago 2 1 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $20.29, a high estimate of $24.

Evercore ISI Group analyst Richard Hightower upgrades Park Hotels & Resorts (NYSE:PK) from In-Line to Outperform and raises the price target from $19 to $20.

Park Hotels & Resorts (NYSE:PK) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.45 by 15.56 percent. The company reported quarterly sales of $639.000 million which beat the analyst consensus estimate of $629.707 million by 1.48 percent. This is a 1.39 percent decrease over sales of $648.000 million the same period last year.

Citigroup analyst Smedes Rose upgrades Park Hotels & Resorts (NYSE:PK) from Neutral to Buy and raises the price target from $14 to $20.

6 analysts have shared their evaluations of Park Hotels & Resorts (NYSE:PK) during the recent three months, expressing a mix of bullish and bearish perspectives. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 2 0 0 Last 30D 0 0 1 0 0 1M Ago 2 1 1 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $20.5, along with a high estimate of $24.00 and a low estimate of $18.00. This current

Wells Fargo analyst Dori Kesten maintains Park Hotels & Resorts (NYSE:PK) with a Equal-Weight and raises the price target from $17 to $18.

10-Q - Park Hotels & Resorts Inc. (0001617406) (Filer)

8-K - Park Hotels & Resorts Inc. (0001617406) (Filer)

10-Q - Park Hotels & Resorts Inc. (0001617406) (Filer)

8-K - Park Hotels & Resorts Inc. (0001617406) (Filer)

8-K - Park Hotels & Resorts Inc. (0001617406) (Filer)

8-K - Park Hotels & Resorts Inc. (0001617406) (Filer)

8-K - Park Hotels & Resorts Inc. (0001617406) (Filer)

8-K - Park Hotels & Resorts Inc. (0001617406) (Filer)

10-Q - Park Hotels & Resorts Inc. (0001617406) (Filer)

8-K - Park Hotels & Resorts Inc. (0001617406) (Filer)

TYSONS, Va., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) today announced its reinstated and updated full-year 2024 earnings guidance following the recent ratification of labor agreements between operators and labor unions at four of Park's hotels – the 2,860-room Hilton Hawaiian Village Waikiki Beach Resort (Honolulu), the 604-room Hilton Boston Logan Airport (Boston), the 850-room DoubleTree Hotel Seattle Airport (Seattle) and the 396-room Hilton Seattle Airport & Conference Center (Seattle). "I am thrilled that our operators, who have been negotiating with the local unions representing the affected employees at the hotels, have succes

TYSONS, Va., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) today announced results for the third quarter ended September 30, 2024 and provided an operational update. Selected Statistical and Financial Information (unaudited, amounts in millions, except RevPAR, ADR, Total RevPAR and per share data)  Three Months Ended September 30, Nine Months Ended September 30,  2024   2023  Change(1)  2024   2023  Change(1)Comparable RevPAR$189.73  $183.64  3.3% $188.08  $180.33  4.3%Comparable Occupancy 78.1%  75.6% 2.5% pts  75.7%  73.5% 2.2% ptsComparable ADR$242.88  $242.89  —% $248.57  $245.34  1.3%            Comparable Total RevPAR$294.65  $283.

TYSONS, Va., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park") (NYSE:PK) today announced that it plans to report financial results for the third quarter 2024 after the stock market closes on Tuesday, October 29, 2024. Park will hold a conference call on Wednesday, October 30, 2024, at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook. The conference call will be accessible by telephone and through the internet. Interested individuals are invited to participate by following these steps: Telephone:Please dial (877) 451-6152, or (201) 389-0879 for international participants, and request Park Hotels & R

TYSONS, Va., July 31, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) today announced results for the second quarter ended June 30, 2024 and provided an operational update. Selected Statistical and Financial Information (unaudited, amounts in millions, except RevPAR, ADR, Total RevPAR and per share data)  Three Months Ended June 30, Six Months Ended June 30,  2024   2023  Change(1)  2024   2023  Change(1)Comparable RevPAR$194.90  $191.03  2.0% $185.28  $177.05  4.6%Comparable Occupancy 77.1%  77.0% 0.1% pts  74.0%  72.2% 1.8% ptsComparable ADR$252.90  $248.33  1.8% $250.51  $245.38  2.1%            Comparable Total RevPAR$311.32  $301.74 

TYSONS, Va., June 11, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park") (NYSE:PK) today announced that it plans to report financial results for the second quarter 2024 after the stock market closes on Wednesday, July 31, 2024. Park will hold a conference call on Thursday, August 1, 2024, at 12:00 p.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook. The conference call will be accessible by telephone and through the internet. Interested individuals are invited to participate by following these steps: Telephone:Please dial (877) 451-6152, or (201) 389-0879 for international participants, and request Park Hotels & Resorts'

TYSONS, Va., May 16, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park") (NYSE:PK) announced today the expiration of and the final results for the previously announced offer to purchase for cash (the "Tender Offer") commenced by Park's subsidiaries, Park Intermediate Holdings LLC, a Delaware limited liability (the "Company"), PK Domestic Property LLC, a Delaware limited liability company, and PK Finance Co-Issuer Inc., a Delaware corporation (collectively, the "Issuers"), for any and all of their outstanding 7.500% Senior Notes due 2025 (the "Notes"). The Tender Offer expired at 5:00 p.m., New York City time, on May 13, 2024 (the "Expiration Time"). On May 16, 2024, the Issuers

TYSONS, Va., May 02, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the "Operating Company"), PK Domestic Property LLC ("PK Domestic LLC") and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the "Issuers"), priced an offering of $550 million aggregate principal amount of 7.000% senior notes due 2030 (the "Notes") at a price equal to 100% of face value. The Notes will pay interest semi-annually in arrears, at a rate of 7.000% per year, and will mature on February 1, 2030. The Notes will be guaranteed by Park, PK Domestic REIT Inc. and

TYSONS, Va., May 02, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the "Operating Company"), PK Domestic Property LLC ("PK Domestic LLC") and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the "Issuers"), intend to offer $450 million aggregate principal amount of senior notes due 2030 (the "Notes"). The Notes will be guaranteed by Park, PK Domestic REIT Inc. and certain subsidiaries of the Operating Company that guarantee the Company's senior credit facilities and existing senior notes. The Issuers intend to use the net proceeds o

TYSONS, Va., April 30, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) today announced results for the first quarter ended March 31, 2024 and provided an operational update. Selected Statistical and Financial Information (unaudited, amounts in millions, except RevPAR, ADR, Total RevPAR and per share data)  Three Months Ended March 31, 2024 2023 Change(1)Comparable RevPAR$175.65  $162.91  7.8%Comparable Occupancy 70.9%  67.4% 3.5% ptsComparable ADR$247.91  $241.96  2.5%       Comparable Total RevPAR$289.68  $271.73  6.6%       Net income(2)$29  $33  (12.1)%Net income attributable to stockholders(2)$28  $33  (15.2)%       Operating income$92  $80  15

TYSONS, Va., April 19, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") announced today that the Company has declared a second quarter cash dividend of $0.25 per share of common stock. The dividend will be paid in cash on July 15, 2024 to stockholders of record as of June 28, 2024. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements related to the effects of Park's decision to cease payments on its $725 mill

TYSONS, Va., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE:PK) ("Park") today announced the appointment of Terri D. McClements as a new independent director to its Board of Directors (the "Board"), effective immediately. With Ms. McClements' appointment to the Board, the Board now has ten members, nine of whom are independent. Ms. McClements is a seasoned business leader, having spent her career in accounting, operational and executive leadership roles. Ms. McClements, a licensed certified public accountant, retired in 2023 as a partner with PricewaterhouseCoopers LLP ("PwC") where she spent over three decades in various roles. Most recently, Ms. McClements served as

TYSONS, Va., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") announced today that the trustee under the $725 million non-recourse CMBS loan ("Loan"), by and through its special servicer, filed a lawsuit against the borrower entities related to the cessation of payments on the Loan. In connection with the lawsuit, the trustee requested the appointment of a receiver to take control of the hotels securing the Loan – the 1,921-room Hilton San Francisco Union Square and the 1,024-room Parc 55 San Francisco. Once appointed by the court, the receiver will have complete and exclusive control and possession of the hotels and will maintain Hilton and