secwatch.observer — SEC 8-K summary
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Issuer:     Park Hotels & Resorts Inc. (PK)
CIK:        0001617406
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0000950170-22-006759
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Park Hotels Q1 2022 net loss narrows to $57M; RevPAR up 182% YoY; Q2 guidance issued
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- Net loss of $57M (diluted EPS -$0.24) vs -$190M YoY; Adjusted EBITDA of $82M vs -$49M YoY.
- Pro-forma RevPAR $116.42 (+181.7% YoY); occupancy 51.9% vs 26.6%; ADR $224.42 (+44.2%).
- Repurchased 3.4M shares for $61M at avg $17.99; reinstated quarterly dividend at $0.01/share.
- Q2 2022 outlook: RevPAR $160-$164; Adj. EBITDA $160-$180M; Adj. FFO per share $0.40-$0.49.
- Moody's upgraded outlook to Stable; reopened Hilton Short Hills; Parc 55 SF reopening May 19.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617406/000095017022006759/0000950170-22-006759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617406/000095017022006759/pk-20220502.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-006759

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