secwatch.observer — SEC 8-K summary
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Issuer:     Park Hotels & Resorts Inc. (PK)
CIK:        0001617406
Form:       8-K
Filed at:   2021-08-05T23:59:59+00:00
Accession:  0000950170-21-000944
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Park Hotels Q2 2021 RevPAR $78.46, net loss $116M; break-even in June; $477M asset sales
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- Pro-forma RevPAR $78.46 (+909.7% YoY, -59.2% vs. 2019); occupancy 42.3% (55.6% for open hotels).
- Net loss attributable to stockholders $(116)M; diluted loss per share $(0.49).
- Adjusted EBITDA $33M, up from $(49)M in Q1 2021; corporate break-even in June 2021.
- Reopened 4 hotels; 90% of rooms open; 3 hotels remain closed (NY Hilton Midtown, Parc 55, Hilton Short Hills).
- Sold 4 hotels for $477M gross proceeds; issued $750M 2029 senior secured notes; liquidity >$1.8B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617406/000095017021000944/0000950170-21-000944-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617406/000095017021000944/pk-20210805.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-000944

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer