---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-002945"
form_type: "8-K"
ticker: "PK"
cik: "0001617406"
company_name: "Park Hotels & Resorts Inc."
filed_at: "2022-03-07T23:59:59+00:00"
generated_at: "2026-06-27T01:10:49.510945+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Park Hotels provides investor update; highlights 33% NAV discount, Q4 Hotel EBITDA $85M

## Summary
- Internal NAV estimate implies 33% discount to consensus; stock trades at 10.7x 2019 pro-forma Adjusted EBITDA.
- Q4 2021 pro-forma Hotel Adjusted EBITDA of $85M, up 2.4% sequentially; RevPAR at 62% of 2019 levels.
- 53 of 54 hotels open; December RevPAR reached 78% of 2019, driven by ADR at 108% of 2019.
- Board approved $250M stock buyback; $1.6B liquidity with $690M cash and $901M undrawn revolver.
- Identifies $100M-$135M EBITDA upside from cost savings, ROI projects, and Chesapeake synergies.

## SEC filing metadata
- accession: 0000950170-22-002945
- form_type: 8-K
- ticker: PK
- cik: 0001617406
- company_name: Park Hotels & Resorts Inc.
- filed_at: 2022-03-07T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1617406/000095017022002945/0000950170-22-002945-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1617406/000095017022002945/pk-20220307.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-002945
- JSON: https://secwatch.observer/filing/0000950170-22-002945.json
- Plain text: https://secwatch.observer/filing/0000950170-22-002945.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.