secwatch.observer — SEC 8-K summary
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Issuer:     Park Hotels & Resorts Inc. (PK)
CIK:        0001617406
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0000950170-21-002831
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Park Hotels Q3 net loss $86M, Adj. EBITDA $77M; RevPAR up 302% YoY
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- Net loss attributable to stockholders $86M ($0.36 diluted loss); Adjusted FFO $5M ($0.02).
- Pro-forma RevPAR $105.48 (+302% YoY, -43% vs Q3 2019); occupancy 51.3% (58% for 45 open hotels).
- Completed $304M in hotel sales in Q3; 2021 total $477M, exceeding $300-400M target.
- Repaid $419M of term loan, fully repaid revolver; remaining term loan $78M; liquidity $1.8B.
- Reopened NY Hilton Midtown; only two hotels suspended; no 2021 guidance issued.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617406/000095017021002831/0000950170-21-002831-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617406/000095017021002831/pk-20211103.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-002831

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