---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-016008"
form_type: "8-K"
ticker: "PK"
cik: "0001617406"
company_name: "Park Hotels & Resorts Inc."
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:03:18.527441+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Park Hotels Q1 net income $33M, RevPAR up 36.5%; dividend raised to $0.15

## Summary
- Comparable RevPAR $158.84 (+36.5% YoY); net income $33M vs loss $56M in prior year.
- Adjusted FFO per share $0.42 vs $0.08; recurring quarterly dividend raised to $0.15.
- Repurchased 8.8M shares for ~$105M at avg price $11.84 per share.
- Sold Hilton Miami Airport for $118.25M; used $50M to fully repay revolver balance.
- Full-year 2023 outlook: RevPAR $167-$179; Adj. EBITDA $624-$704M; EPS $0.47-$0.82.

## SEC filing metadata
- accession: 0000950170-23-016008
- form_type: 8-K
- ticker: PK
- cik: 0001617406
- company_name: Park Hotels & Resorts Inc.
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1617406/000095017023016008/0000950170-23-016008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1617406/000095017023016008/pk-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-016008
- JSON: https://secwatch.observer/filing/0000950170-23-016008.json
- Plain text: https://secwatch.observer/filing/0000950170-23-016008.txt

## Key facts
- Earnings Releases
  Park Hotels & Resorts Inc. reported the first quarter ended March 31, 2023 results: net income $33, EPS $0.15.
  - Period: the first quarter ended March 31, 2023
  - Net income: $33
  - EPS: $0.15
  - Result: reported results
  source text: Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the first quarter ended March 31, 2023 and provided an operational update.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1617406/000095017023016008/0000950170-23-016008-index.htm

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