Park Hotels & Resorts

Park Hotels & Resorts, Inc. operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio. The company was founded by Conrad Hilton in 1919 and is headquartered in Tysons, VA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Park Hotels & Resorts excels in 2022, eyes growth in RevPAR and operational efficiency

Park Hotels & Resorts' 2022 performance demonstrated resilience and strategic focus, with a strong balance sheet and guidance for growth in 2023. While challenges exist in certain markets, opportunities for improvement through asset management and operational enhancements are on the horizon.

Park Hotels & Resorts excels in Q1, eyes group demand growth

Park Hotels & Resorts reported a successful Q1 with strong financial metrics and optimistic outlook for the future. The company is increasing full-year guidance, focusing on group demand, expense management, and capital recycling through asset sales. Despite challenges like capital investments and tax implications, Park Hotels & Resorts remains confident in its recovery and growth strategies.

Park Hotels & Resorts Reports Solid Q2 Performance Amid San Francisco Challenges

Despite challenges in San Francisco and moderated EBITDA expectations, the overall performance was solid, especially in Hawaii. The company is focused on optimizing its portfolio and improving liquidity through asset sales.

Park Hotels & Resorts excels in Q3, eyes strategic growth

Park Hotels & Resorts delivered a solid Q3 performance with improved RevPAR and balance sheet metrics.
The company is focused on cost savings, strategic projects, and reshaping the portfolio for enhanced shareholder value.
Opportunities lie in acquisitions, market growth, and strong demand in key markets like Hawaii and New York.
Challenges include managing exposure in specific markets and reducing leverage to target levels for financial stability.

Park Hotels & Resorts excels in Q4, eyes robust 2024 growth

Park Hotels & Resorts had a strong Q4 2023, with positive outlook for 2024. The company's balance sheet is healthy, and it aims for continued growth through strategic investments and returning capital to shareholders.

Park Hotels & Resorts excels in Q1, eyes strategic growth

Park Hotels & Resorts reported a robust Q1 performance with revenue growth driven by strong group demand and strategic investments.
The company's focus on cost management, portfolio optimization, and revenue diversification positions it well for sustained growth and value creation.
Challenges include managing renovation impacts, labor costs, and asset sales alignment, while opportunities lie in leveraging market trends and portfolio reshaping.
Overall, Park Hotels & Resorts remains optimistic about sustained growth, supported by positive outlook, increased guidance, and ongoing operational enhancements.

Park Hotels & Resorts reports strong Q2 performance and eyes growth opportunities

Park Hotels & Resorts had a productive quarter, focusing on balance sheet improvements, capital allocation, and strong performance in key markets. Despite challenges like renovation disruptions and weaker inbound travel, the company maintains a positive outlook with strategic growth plans and asset management strategies.

Park Hotels & Resorts reports solid Q3 performance and growth opportunities

Park Hotels & Resorts demonstrated resilience amidst disruptions, focusing on growth opportunities and strategic asset management.
Challenges from natural disasters and labor strikes were mitigated by strong performance in key markets and proactive portfolio reshaping.
With a solid foundation and growth initiatives in place, Park Hotels & Resorts is poised for continued success and value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Park Hotels & Resorts Inc.'s (PK) CEO Tom Baltimore on Q4 2021 Results - Earnings Call Transcript

TYSONS, Va., Feb. 17, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the fourth quarter and full year ended December 31, 2021 and provided an operational update on COVID-19.

Park Hotels & Resorts Inc. Reports Fourth Quarter and Full Year 2021 Results

Beyond Meat

Caterpillar

Salesforce

Nextdoor

McDonald's

AT&T

The top stocks in the market today are those that offer high value. These picks are not volatile and can pay off big time in the long run.

7 Top Stocks With 10X Potential in 2022 For Your Portfolio

Eldorado Gold

Patterson-UTI Energy

UBS Group AG

Invest in Eldorado Gold (EGO), PattersonUTI Energy (PTEN), UBS & Park Hotels & Resorts (PK) on their superb earnings acceleration.

4 Stocks to Buy for Stellar Earnings Acceleration

TYSONS, Va., Jan. 10, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the fourth quarter and full year 2021 after the stock market closes on Thursday, February 17, 2022. Park will hold a conference call on Friday, February 18, 2022 at 11:00 a.m. Eastern Time (ET) to discuss its earnings results and current operational environment.

Park Hotels & Resorts Inc. Announces Fourth Quarter and Full Year 2021 Earnings Conference Call on February 18, 2022

Airbnb

Apple Hospitality REIT

JPMorgan BetaBuilders MSCI US REIT ETF

Blackstone Group

Condor Hospitality Trust

Choice Hotels Int.

CorePoint Lodging Inc

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

Hyatt Hotels

Hilton Worldwide Holdings

Host Hotels & Resorts

iShares Cohen & Steers REIT ETF

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

Marriott

Neuberger Berman Real Estate Securities Income Fund Inc

Pebblebrook Hotel Trust

US Diversified Real Estate ETF

Invesco Active US Real Estate

ProShares Short Real Estate

It's been a 'Tale of Two Americas' of late for the hotel industry. Several markets and categories continue to report severely depressed demand while others are seeing record-high occupancy rates.

Hotel REITs: Unfazed By Omicron

American Airlines

Carnival

Delta Air Lines

InterContinental Hotels Group

JetBlue Airways

Southwest Airlines

MGM Resorts

Norwegian Cruise Line

Royal Caribbean Cruises

Red Lion Hotels

Extended Stay America

United Continental Hlds

Marriott Vacations Worldwide

Wyndham Hotels & Resorts Inc

Wyndham Destinations Inc

Travel and leisure stocks, pounded by fears of Covid-19 for nearly two years, may not fare much better in the first part of 2022.

For Travel Stocks, the Flight Has Been Delayed—Again

Las Vegas Sands

It's an economic reopening story -- but the plot is kind of hard to follow.

Why Norwegian Cruise, Las Vegas Sands, and Park Hotels Stocks All Popped Today

Omicron is the name of the new Covid-19 variant identified by the World Health Organization and new travel restrictions are already going into effect.

Airline, Cruise, Resort Stocks Tank Big On Covid-19 Variant News

A sharp surge in new COVID-19 cases is sending Europe into another lockdown, and Veritas Financial Group's Greg Branch says turning to reopening names might not be the best way to go yet. Greg Branch's comments on CNBC's ‘Squawk Box' On CNBC's “Squawk Box”, Branch revealed he wasn't expecting the United States to see a […] The post Pro: stay away from hotels and airlines stocks until more clarity appeared first on Invezz.

Pro: stay away from hotels and airlines stocks until more clarity

Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q3 2021 Results - Earnings Call Transcript

TYSONS, Va., Nov. 04, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) today announced that it has issued its annual Corporate Responsibility (“CR”) Report, detailing the Company's environmental, social and governance (“ESG”) performance and initiatives during 2020. The CR Report also includes information on Park's ESG strategies and approach to risk management.

Park Hotels & Resorts Inc. Issues Annual Corporate Responsibility Report

TYSONS, Va., Nov. 03, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the third quarter ended September 30, 2021 and provided an operational update on COVID-19.

Park Hotels & Resorts Inc. Reports Third Quarter 2021 Results

Booking Hlds

Expedia

Hersha Hospitality Trust Class A

Sabre

Service Properties Trust

Small and midcap travel stocks have lagged larger mainstream travel companies by as much as -20% through October 2021.

Small And Midcap Travel Turnarounds

Park Hotels & Resorts (PK) has been struggling lately, but the selling pressure may be coming to an end soon.

Park Hotels & Resorts (PK) Sees Hammer Chart Pattern: Time to Buy?

Park Hotels & Resorts has seen a strong recovery across its portfolio, particularly across its Hawaiian resorts.

Park Hotels & Resorts: Further Potential Upside Ahead

TYSONS, Va., Sept. 20, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the third quarter 2021 after the stock market closes on Wednesday, November 3, 2021. Park will hold a conference call on Thursday, November 4, 2021 at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook.

Park Hotels & Resorts Inc. Announces Third Quarter 2021 Earnings Conference Call on November 4, 2021

TYSONS, Va., Sept. 07, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today announced that it completed the previously announced sale of the Le Meridien San Francisco. The Company also provided an operational and liquidity update.

Park Hotels & Resorts Completes the Sale of the Le Meridien San Francisco and Provides an Update on Operating Trends and Liquidity

Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q2 2021 Results - Earnings Call Transcript

Park Hotels & Resorts (PK) delivered FFO and revenue surprises of 40.74% and 24.74%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Park Hotels & Resorts (PK) Reports Q2 Loss, Tops Revenue Estimates

TYSONS, Va., Aug. 05, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the second quarter ended June 30, 2021 and provided an operational update on COVID-19.

Park Hotels & Resorts Inc. Reports Second Quarter 2021 Results

Park Hotels & Resorts has had a lot of pain recently thanks to the COVID-19 pandemic. The company certainly could benefit from a turnaround in the space, but this year is proving to be a challenge as well.

Park Hotels & Resorts: Keep An Eye On This One

TYSONS, Va., July 13, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today announced that it has entered into two separate, definitive contracts to sell the 360-room Le Meridien San Francisco and the 171-room Hotel Adagio, Autograph Collection (San Francisco, CA) for total proceeds of $303.5 million, or an average sale price of approximately $572,000 per key. When adjusted for Park's anticipated capital expenditures (“capex”), the blended sale price represents a 6.1% capitalization rate on 2019 net operating income (6.7% excluding capex), or 14.4x 2019 EBITDA (13.2x excluding capex). Management currently expects each of the transactions to close within the next 60 days.

Park Hotels & Resorts Executes Definitive Contracts to Sell Two of Its San Francisco Hotels and Provides an Update on Hotel Reopenings and Operating Trends

TYSONS, Va., June 30, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it has closed on the sale of the 210-room Hotel Indigo San Diego Gaslamp Quarter in San Diego, CA and the 204-room Courtyard Washington Capitol Hill Navy Yard in Washington, DC, for combined gross proceeds of $149 million, or approximately $360,000 per key. When adjusted for Park's anticipated capital expenditures (“capex”), the sale price represents a 7.0% capitalization rate on 2019 net operating income (7.4% excluding capex), or 12.8x 2019 EBITDA (12.2x excluding capex). Proceeds from the sale will be used to fully repay debt currently outstanding on the Company's revolving credit facility and partially repay debt currently outstanding on its one remaining bank term loan.

Park Hotels & Resorts Inc. Completes the Sale of the Hotel Indigo San Diego Gaslamp Quarter and Courtyard Washington Capitol Hill Navy Yard

TYSONS, Va., June 21, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the second quarter 2021 after the stock market closes on Thursday, August 5, 2021. Park will hold a conference call on Friday, August 6, 2021 at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook.

Park Hotels & Resorts Inc. Announces Second Quarter 2021 Earnings Conference Call on August 6, 2021

News for Park Hotels & Resorts Stock (PK)