Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 60 premium-branded hotels and resorts with over 33,000 rooms primarily located in prime city center and resort locations.
IPO Year: 2016
Exchange: NYSE
Website: pkhotelsandresorts.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/26/2024 | Outperform → Peer Perform | Wolfe Research | |
| 5/15/2024 | $20.00 | In-line → Outperform | Evercore ISI |
| 3/22/2024 | $14.00 → $20.00 | Neutral → Buy | Citigroup |
| 1/2/2024 | $14.00 → $21.00 | Hold → Buy | Jefferies |
| 12/14/2023 | $11.00 → $16.00 | Underweight → Neutral | JP Morgan |
| 11/6/2023 | $16.00 → $19.00 | Equal Weight → Overweight | Barclays |
| 10/23/2023 | $13.00 | Hold | HSBC Securities |
| 10/3/2023 | $13.00 | Neutral | Wedbush |
| 9/28/2023 | $16.00 | Outperform | Wolfe Research |
| 6/9/2023 | $18.50 | Outperform → In-line | Evercore ISI |
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)
Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") today announced the tax reporting information for its 2024 cash distributions on its Common Stock. The distributions, totaling $1.40 per share, were paid as follows: $0.25 on April 15, 2024; $0.25 on July 15, 2024; $0.25 on October 15, 2024; and $0.65 on January 15, 2025. For income tax purposes, the dividends for 2024, totaling $1.40 per share, are classified as: (i) $1.285731 (91.8379%) Total ordinary dividends, and (ii) $0.114269 (8.1621%) Total capital gain distribution. The following table summarizes the income tax treatment of the Company's 2024 dividends: 2024 Dividend Tax Reporting Information (Form 1099-DIV) P
Park Hotels & Resorts Inc. (NYSE:PK) ("Park") today announced that it plans to report financial results for the fourth quarter and full year 2024 after the stock market closes on Wednesday, February 19, 2025. Park will hold a conference call on Thursday, February 20, 2025, at 11:00 a.m. Eastern Time (ET) to discuss its earnings results and outlook for 2025. 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' Fourth Quarter and Full Year 2024 Earnings Conference Cal
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY
TYSONS, Va., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) today provided an update on fourth quarter operating trends. Unless otherwise stated, all operating results are presented on a Comparable hotel basis. "I am incredibly pleased with the strength of our portfolio as we end the year with preliminary November 2024 RevPAR pacing ahead of expectations and preliminary full-year 2024 RevPAR trending towards the upper end of our previously disclosed guidance range. Specifically, preliminary November 2024 RevPAR is expected to be just 3.9% lower over the prior year period, however, excluding the impact of recently resolved strike activity i
TYSONS, Va., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") announced today that the Company has declared a fourth quarter dividend of $0.65 per share of common stock which includes Park's regular quarterly dividend of $0.25 coupled with a $0.40 top off dividend based on 2024 operating results. The dividend will be paid in cash on January 15, 2025 to stockholders of record as of December 31, 2024. The fourth quarter dividend, together with the regular cash dividends declared for the first three quarters of 2024, represent an annual yield of 9.0% based on the closing stock price as of November 25, 2024. In total, Park will have returned $3
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., 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
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
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)
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4 - Park Hotels & Resorts Inc. (0001617406) (Issuer)
Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") today announced the tax reporting information for its 2024 cash distributions on its Common Stock. The distributions, totaling $1.40 per share, were paid as follows: $0.25 on April 15, 2024; $0.25 on July 15, 2024; $0.25 on October 15, 2024; and $0.65 on January 15, 2025. For income tax purposes, the dividends for 2024, totaling $1.40 per share, are classified as: (i) $1.285731 (91.8379%) Total ordinary dividends, and (ii) $0.114269 (8.1621%) Total capital gain distribution. The following table summarizes the income tax treatment of the Company's 2024 dividends: 2024 Dividend Tax Reporting Information (Form 1099-DIV) P
Park Hotels & Resorts Inc. (NYSE:PK) ("Park") today announced that it plans to report financial results for the fourth quarter and full year 2024 after the stock market closes on Wednesday, February 19, 2025. Park will hold a conference call on Thursday, February 20, 2025, at 11:00 a.m. Eastern Time (ET) to discuss its earnings results and outlook for 2025. 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' Fourth Quarter and Full Year 2024 Earnings Conference Cal
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY
TYSONS, Va., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) today provided an update on fourth quarter operating trends. Unless otherwise stated, all operating results are presented on a Comparable hotel basis. "I am incredibly pleased with the strength of our portfolio as we end the year with preliminary November 2024 RevPAR pacing ahead of expectations and preliminary full-year 2024 RevPAR trending towards the upper end of our previously disclosed guidance range. Specifically, preliminary November 2024 RevPAR is expected to be just 3.9% lower over the prior year period, however, excluding the impact of recently resolved strike activity i
TYSONS, Va., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") announced today that the Company has declared a fourth quarter dividend of $0.65 per share of common stock which includes Park's regular quarterly dividend of $0.25 coupled with a $0.40 top off dividend based on 2024 operating results. The dividend will be paid in cash on January 15, 2025 to stockholders of record as of December 31, 2024. The fourth quarter dividend, together with the regular cash dividends declared for the first three quarters of 2024, represent an annual yield of 9.0% based on the closing stock price as of November 25, 2024. In total, Park will have returned $3
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'