{"schema_version":"secwatch.filing_event.v1","accession":"0001617406-25-000056","form_type":"8-K","ticker":"PK","cik":"0001617406","company_name":"Park Hotels & Resorts Inc.","filed_at":"2025-12-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.934742+00:00","generated_at":"2026-05-16T13:47:51.975313+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Park Hotels plans to sell non-core hotels for $560M-$600M, reaffirms 2025 guidance","bullets":["Plan to dispose of 16 non-core hotels over next 12+ months; estimated proceeds $560M-$600M.","Proceeds expected to reduce net-debt to EBITDA by 0.3x-0.4x; used for debt paydown.","Reaffirmed FY 2025 Adj. EBITDA guidance $595M-$620M; Adj. FFO/sh $1.85-$1.97.","Preliminary Oct Core RevPAR (ex Royal Palm) up 3.8% YoY; Nov up ~2%.","Core portfolio RevPAR $218, Hotel Adj. EBITDA margin 30%, significantly above non-core."],"urls":{"canonical":"https://secwatch.observer/filing/0001617406-25-000056","json":"https://secwatch.observer/filing/0001617406-25-000056.json","markdown":"https://secwatch.observer/filing/0001617406-25-000056.md","text":"https://secwatch.observer/filing/0001617406-25-000056.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1617406/000161740625000056/0001617406-25-000056-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1617406/000161740625000056/pk-20251209.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:47:51.975313+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}