Park Hotels & Resorts, Inc. Stock News

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, 2...

U.S. equity markets posted their worst week in two months as benchmark interest rates jumped to four-month highs after a critical slate of inflation data showed modestly firming price pressures. Fueling bets that the Federal Reserve may have to slow the pace of policy easing, the Consumer Price Index and Producer Price Index each posted fractional upside surprises in October. After surging near...

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 Bos...

Real Estate Investment Trusts, also known as REITs, are a type of stock market investment that provides one thing in spades: income. This is because they must distribute at least 90% of their earnings to shareholders to maintain their tax-advantaged status.

HONOLULU--(BUSINESS WIRE)--Park Hotels Capex Problems now includes excerpts from TripAdvisor's overall summary of certain Park-owned hotels.

In Q3, Park Hotels & Resorts generated $649 million, representing a year-on-year decline of 4.4% and missing expectations of $816.40k. For FY2024, the company has pulled its guidance due to uncertainty around the company's ongoing negotiations with labor unions. PK's largest portfolio exposure in Hawaii faces ongoing challenges as Japanese visitor numbers remain 50% below pre-pandemic levels, i...

Park Hotels & Resorts Inc. (NYSE:PK ) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Ian Weissman - Senior Vice President, Corporate Strategy Tom Baltimore - Chairman & CEO Sean Dell'Orto - CFO Conference Call Participants Smedes Rose - Citibank Floris Van Dijkum - Compass Point Duane Pfennigwerth - Evercore ISI Dany Asad - Bank of America Ari Klein - BMO Cap...

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.