secwatch.observer — SEC 8-K summary
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Issuer:     Park Hotels & Resorts Inc. (PK)
CIK:        0001617406
Form:       8-K
Filed at:   2022-02-17T23:59:59+00:00
Accession:  0000950170-22-001426
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Park Hotels Q4 net loss $67M; RevPAR $110.22, up 298% YoY but down 38% vs 2019
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- Net loss attributable to stockholders of $67M for Q4 2021, compared to $217M loss in Q4 2020.
- Pro-forma RevPAR $110.22, up 297.9% YoY but down 37.6% vs Q4 2019; occupancy 52.5%.
- Adjusted EBITDA of $81M, a sequential improvement of 3.4% from Q3 2021.
- Full-year 2021 net loss attributable to stockholders $459M; Adjusted FFO per share -$0.57.
- Credit facility amendments extended covenant relief through mid-2022 and modified leverage and coverage covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617406/000095017022001426/0000950170-22-001426-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617406/000095017022001426/pk-20220216.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-001426

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