secwatch.observer — SEC 8-K summary
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Issuer:     Park Hotels & Resorts Inc. (PK)
CIK:        0001617406
Form:       8-K
Filed at:   2025-06-02T23:59:59+00:00
Accession:  0001617406-25-000040
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Park Hotels updates 2025 outlook for Hyatt Centric sale; April RevPAR +1.8%, May -4.4%
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- Q1 2025 RevPAR -0.9% YoY; Comparable Hotel Adjusted EBITDA margin down 270 bps.
- Preliminary April RevPAR +1.8% YoY; May RevPAR -4.4% YoY (impacted by Royal Palm renovation and Hawaii post-strike).
- 2025 outlook adjusted to $588–648M Adjusted EBITDA (midpoint unchanged); RevPAR growth (1.0%) to 2.0%.
- Sold Hyatt Centric Fisherman's Wharf for $80M in May 2025; $2M EBITDA impact for rest of year.
- Core portfolio 5Y RevPAR CAGR forecasted at 3%+ (2024-2029); $1B ROI pipeline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617406/000161740625000040/0001617406-25-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617406/000161740625000040/pk-20250602.htm
  HTML page:      https://secwatch.observer/filing/0001617406-25-000040

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