secwatch.observer — SEC 8-K summary
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Issuer:     Park Hotels & Resorts Inc. (PK)
CIK:        0001617406
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0000950170-23-016008
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617406/000095017023016008/0000950170-23-016008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617406/000095017023016008/pk-20230501.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-016008

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