secwatch.observer — SEC 8-K summary
======================================

Issuer:     Park Hotels & Resorts Inc. (PK)
CIK:        0001617406
Form:       8-K
Filed at:   2024-01-22T23:59:59+00:00
Accession:  0001617406-24-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Park Hotels beats preliminary Q4 2023 and full-year 2023 guidance; Adj. EBITDA tops midpoint
--------------------------------------------------------------------------------

- Preliminary Q4 Comparable RevPAR $178.25 (+4.1% YoY); full-year $178.62 (+8.7% YoY).
- Full-year Adjusted EBITDA $659M vs. guidance midpoint $656M; Adjusted FFO per share $2.05 vs. $1.97.
- Net income attributable to stockholders Q4 $188M (+452.9% YoY); full-year $98M (-39.5% YoY).
- Urban portfolio Q4 RevPAR up ~8% YoY; Hawaii resorts combined Q4 RevPAR up >8% YoY.
- Company plans 2024 non-core asset sales to improve balance sheet and reinvest in renovations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617406/000161740624000004/0001617406-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617406/000161740624000004/pk-20240122.htm
  HTML page:      https://secwatch.observer/filing/0001617406-24-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer