PK - Dividend announcements

Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") today announced the tax reporting information for its 2025 cash distributions on its Common Stock. The distributions, totaling $1.00 per share, were paid as follows: $0.25 on April 15, 2025; $0.25 on July 15, 2025; $0.25 on October 15, 2025; and $0.25 on January 15, 2026. For income tax purposes, the dividends for 2025, totaling $1.00 per share, are classified as: (i) $0.759540 (75.9540%) Total ordinary dividends, and (ii) $0.240460 (24.0460%) Total capital gain distribution. The following table summarizes the income tax treatment of the Company's 2025 dividends: 2025 Dividend Tax Reporting Information (Form 1099-DIV)

Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") today announced that the Company has issued its annual Corporate Responsibility ("CR") Report. The CR Report details Park's approach to responsible risk management, environmental stewardship and social commitment and highlights the Company's corporate responsibility initiatives in 2024. In addition, in recognition of its corporate responsibility efforts, Park is pleased to have achieved a Prime rating1 from ISS ESG Corporate Rating and to have been named by Newsweek to the following lists in 2025: America's Greatest Companies, America's Most Responsible Companies, America's Most Trustworthy Companies and World's Most Trustwort

Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) today announced that on November 21, 2025 the court-appointed receiver completed the sale of the 1,921-room Hilton San Francisco Union Square and the 1,024-room Parc 55 San Francisco – a Hilton Hotel (collectively, the "Hilton San Francisco Hotels"), which secured a $725 million non-recourse CMBS Loan ("SF Mortgage Loan"). As previously announced, the Hilton San Francisco Hotels were placed in a court-ordered receivership in October 2023, when the receiver took full authority and control over the hotels' operations and Park no longer had any economic interest in the operations of the hotels. Thomas J. Baltimore, Jr., Chairman a

Park Hotels & Resorts Inc. (NYSE:PK) ("Park") today announced that it has closed on the sale of the 316-room Hyatt Centric Fisherman's Wharf located in San Francisco, CA for $80 million, or $253,000 per key. The sale price represents 64.0x 2024 EBITDA of the hotel. Proceeds from the sale will be used for ongoing return on investment ("ROI") projects in Park's portfolio and for other general corporate purposes. "Despite a challenging transaction market, I am very pleased with the progress we've made toward achieving our strategic objective of disposing $300 million to $400 million of non-core hotel assets in 2025. This initiative reflects our continued commitment to improving the overall qu

Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") today announced the tax reporting information for its 2024 cash distributions on its Common Stock. The distributions, totaling $1.40 per share, were paid as follows: $0.25 on April 15, 2024; $0.25 on July 15, 2024; $0.25 on October 15, 2024; and $0.65 on January 15, 2025. For income tax purposes, the dividends for 2024, totaling $1.40 per share, are classified as: (i) $1.285731 (91.8379%) Total ordinary dividends, and (ii) $0.114269 (8.1621%) Total capital gain distribution. The following table summarizes the income tax treatment of the Company's 2024 dividends: 2024 Dividend Tax Reporting Information (Form 1099-DIV) P

NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY

TYSONS, Va., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) today provided an update on fourth quarter operating trends. Unless otherwise stated, all operating results are presented on a Comparable hotel basis. "I am incredibly pleased with the strength of our portfolio as we end the year with preliminary November 2024 RevPAR pacing ahead of expectations and preliminary full-year 2024 RevPAR trending towards the upper end of our previously disclosed guidance range. Specifically, preliminary November 2024 RevPAR is expected to be just 3.9% lower over the prior year period, however, excluding the impact of recently resolved strike activity i

TYSONS, Va., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") announced today that the Company has declared a fourth quarter dividend of $0.65 per share of common stock which includes Park's regular quarterly dividend of $0.25 coupled with a $0.40 top off dividend based on 2024 operating results. The dividend will be paid in cash on January 15, 2025 to stockholders of record as of December 31, 2024. The fourth quarter dividend, together with the regular cash dividends declared for the first three quarters of 2024, represent an annual yield of 9.0% based on the closing stock price as of November 25, 2024. In total, Park will have returned $3

TYSONS, Va., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) today announced its reinstated and updated full-year 2024 earnings guidance following the recent ratification of labor agreements between operators and labor unions at four of Park's hotels – the 2,860-room Hilton Hawaiian Village Waikiki Beach Resort (Honolulu), the 604-room Hilton Boston Logan Airport (Boston), the 850-room DoubleTree Hotel Seattle Airport (Seattle) and the 396-room Hilton Seattle Airport & Conference Center (Seattle). "I am thrilled that our operators, who have been negotiating with the local unions representing the affected employees at the hotels, have succes

TYSONS, Va., May 16, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park") (NYSE:PK) announced today the expiration of and the final results for the previously announced offer to purchase for cash (the "Tender Offer") commenced by Park's subsidiaries, Park Intermediate Holdings LLC, a Delaware limited liability (the "Company"), PK Domestic Property LLC, a Delaware limited liability company, and PK Finance Co-Issuer Inc., a Delaware corporation (collectively, the "Issuers"), for any and all of their outstanding 7.500% Senior Notes due 2025 (the "Notes"). The Tender Offer expired at 5:00 p.m., New York City time, on May 13, 2024 (the "Expiration Time"). On May 16, 2024, the Issuers

TYSONS, Va., May 02, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the "Operating Company"), PK Domestic Property LLC ("PK Domestic LLC") and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the "Issuers"), priced an offering of $550 million aggregate principal amount of 7.000% senior notes due 2030 (the "Notes") at a price equal to 100% of face value. The Notes will pay interest semi-annually in arrears, at a rate of 7.000% per year, and will mature on February 1, 2030. The Notes will be guaranteed by Park, PK Domestic REIT Inc. and

TYSONS, Va., May 02, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the "Operating Company"), PK Domestic Property LLC ("PK Domestic LLC") and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the "Issuers"), intend to offer $450 million aggregate principal amount of senior notes due 2030 (the "Notes"). The Notes will be guaranteed by Park, PK Domestic REIT Inc. and certain subsidiaries of the Operating Company that guarantee the Company's senior credit facilities and existing senior notes. The Issuers intend to use the net proceeds o

TYSONS, Va., April 19, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") announced today that the Company has declared a second quarter cash dividend of $0.25 per share of common stock. The dividend will be paid in cash on July 15, 2024 to stockholders of record as of June 28, 2024. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements related to the effects of Park's decision to cease payments on its $725 mill

TYSONS, Va., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") today announced the tax reporting information for its 2023 cash distributions on its Common Stock. The distributions, totaling $2.15 per share, were paid as follows: $0.15 on April 17, 2023; $0.15 on July 17, 2023; $0.15 on October 16, 2023; $0.77 on January 16, 2024, and $0.93 on January 16, 2024. For income tax purposes, the dividends for 2023, totaling $2.15 per share, are classified as $2.15 (100%) Total capital gain distribution. The following table summarizes the income tax treatment of the Company's 2023 dividends: 2023 Dividend Tax Reporting Information (Form 1099-DIV)

TYSONS, Va., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) today provided an update on fourth quarter operating trends. "I am incredibly pleased with the strength of our portfolio as operating trends remained very solid in both October and November. Results were once again driven by improvements across our urban portfolio which delivered year-over-year 10% Comparable RevPAR growth during the first two months of the quarter. Business travel accelerated in Boston, Chicago, New York and Denver, in addition to continued upside from group and leisure business at our Hawaii hotels with year-over-year RevPAR gains exceeding 9% in October and 14%

TYSONS, Va., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") announced today that the Company has declared a fourth quarter dividend of $0.93 per share of common stock which includes Park's regular quarterly dividend of $0.15 coupled with a $0.78 top off dividend based on 2023 operating results. The dividend, as well as the previously announced special cash dividend of $0.77 per share of common stock, will be paid in cash on January 16, 2024 to stockholders of record as of December 29, 2023.   The fourth quarter dividend, together with the regular cash dividends declared for the first three quarters of 2023, represent an annual yield of 9.3

TYSONS, Va., Sept. 08, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") announced today that the Company has declared a third quarter cash dividend of $0.15 per share of common stock. The dividend will be paid in cash on October 16, 2023 to stockholders of record as of September 29, 2023. Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements related to the anticipated effects of Park's decision to cease payments

TYSONS, Va., June 08, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") announced today that the Company has declared a second quarter cash dividend of $0.15 per share of common stock. The dividend will be paid in cash on July 17, 2023 to stockholders of record as of June 30, 2023. Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements related to the anticipated effects of Park's decision to cease payments on its

TYSONS, Va., March 15, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") announced today that the Company has declared a first quarter cash dividend of $0.15 per share of common stock. The dividend will be paid in cash on April 17, 2023 to stockholders of record as of March 31, 2023. Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements related to Park's current expectations regarding the performance of its busin

TYSONS, Va., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) today announced that it has closed on the sale of the 508-room Hilton Miami Airport located in Miami, FL for $118.25 million, or $233,000 per key. When adjusted for Park's anticipated capital expenditures ("capex"), the sale price represents a 6.2% capitalization rate on 2019 net operating income (7.9% excluding capex), or 14.0x 2019 EBITDA (11.1x excluding capex). Proceeds from the sale will be used to pay off the outstanding $50 million revolver balance and for general corporate purposes. "I am incredibly pleased with our ongoing efforts to recycle capital out of non-core hotels

TYSONS, Va., Jan. 17, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park") (NYSE:PK) ("Park" or the "Company") announced today the tax reporting information for its 2022 cash distributions on its common stock. The distributions, totaling $0.28 per share, were paid as follows: $0.01 on April 15, 2022; $0.01 on July 15, 2022; $0.01 on October 17, 2022; and $0.25 on January 17, 2023. For income tax purposes, the dividends for 2022, totaling $0.28 per share, are classified as $0.28 (100%) Total capital gain distribution. The following table summarizes the income tax treatment of the Company's 2022 dividends: 2022 Dividend Tax Reporting Information (Form 1099-DIV) Park Hotels & Res

TYSONS, Va., Dec. 22, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) today provided an update on fourth quarter operating trends and the Company's capital allocation activity. Recent Highlights: Hotel net income for October 2022 and November 2022 was $41 million and $15 million, respectively;RevPAR for October 2022 was $178.62, a 77.5% increase versus October 2021 on a Pro-forma basis and a 9.7% decrease versus 2019 on a Pro-forma basis, resulting in Hotel Adjusted EBITDA Margin of 30.8% for October 2022;Occupancy for October 2022 was 73.4%, a 23.7 percentage point increase versus October 2021 on a Pro-forma basis and an 11.2 percentage p

TYSONS, Va., Dec. 07, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") announced today that the Company has declared a fourth quarter cash dividend of $0.25 per share of common stock. The dividend will be paid in cash on January 17, 2023 to holders of record as of December 30, 2022. Of the full $0.25 per share dividend, $0.12 per share represents the fourth quarter payment based on 2022 results of operations, while the remaining $0.13 per share is attributable to gains from the sale of Park's assets during 2022. About Park Hotels & ResortsPark is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and res

TYSONS, Va., Sept. 09, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") announced today that the Company has declared a third quarter cash dividend of $0.01 per share of common stock. The dividend will be paid in cash on October 17, 2022 to stockholders of record as of September 30, 2022. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements related to Park's current expectations regarding the performance of i

TYSONS, Va., June 23, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE:PK) ("Park") today announced that it has closed on the sale of the 195-room Homewood Suites by Hilton Seattle Convention Center Pike Street in Seattle, WA and completed the previously-announced sale of its 25% joint venture interest in the 1,190-room Hilton San Diego Bayfront in San Diego, CA. Combined gross proceeds for the two transactions totaled $237 million, which includes Park's $55 million pro-rata share of secured debt on the Hilton San Diego Bayfront. Excluding anticipated capital expenditures, the combined sale price represents a 6.3% capitalization rate on 2019 net operating income, or 14.0x multiple

TYSONS, Va., June 15, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") announced today that the Company has declared a second quarter cash dividend of $0.01 per share of common stock. The dividend will be paid in cash on July 15, 2022 to stockholders of record as of June 30, 2022. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements related to Park's current expectations regarding the performance of its busin

TYSONS, Va., June 06, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) today provided an operational update and raised its second quarter 2022 ("Q2 2022") outlook based on improving demand. Recent Highlights Pro-forma Occupancy for May 2022 for Park's 46 consolidated hotels was 67.9%, with occupancy forecasted to be 76.3% in June 2022;Updated Q2 2022 outlook based upon improving demand to increase the outlook for RevPAR by $9 at the midpoint to $171, while Adjusted EBITDA guidance increased by 9% (or $15 million) at the midpoint to a new range of $175 million to $195 million from the Q2 2022 outlook Park provided in May 2022;Repurchased 8.5 million

TYSONS, Va., June 01, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park") (NYSE:PK) announced that it has entered into a definitive agreement with affiliates of Sunstone Hotel Investors, Inc. ("Sunstone") (NYSE:SHO) for Park to sell its 25% interest in the joint venture owning the 1,190-room Hilton San Diego Bayfront (the "Hilton Bayfront") to Sunstone for a sale price of $102 million plus Park's allocated share of reserves and working capital. The sale price represents a $628 million valuation for the Hilton Bayfront, or approximately $528,000 per key, after accounting for the $220 million secured loan in place on the asset. The sale price represents a 6.5% capitalization rate o

TYSONS, Va., April 13, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) today provided an operational update. Recent Highlights Occupancy for March 2022 for Park's 48 consolidated hotels was 63.0%, a sequential improvement of over 10 percentage points from February 2022;Repurchased 3.4 million shares of common stock at an average price of $17.99 per share, or $61 million, during the first quarter of 2022; andAccelerated plans to reopen Park's remaining suspended hotel, the 1,024-room Parc 55 San Francisco – a Hilton Hotel, with a target reopening date of May 19, 2022, based on improving demand trends in the San Francisco mark

TYSONS, Va., March 11, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) today provided an operational update and announced the reinstatement of its dividend. Recent Highlights On March 1, 2022, Park reopened the 314-room Hilton Short Hills, NJ, leaving just one hotel, the Parc 55 San Francisco - a Hilton Hotel, suspended;On March 7, 2022, Moody's Investors Service ("Moody's") upgraded Park's outlook to Stable from Negative; andOn March 9, 2022, Park declared a first quarter 2022 cash dividend of $0.01 per share to be paid on April 15, 2022 to stockholders of record as of March 31, 2022. "I am very pleased with the broad-based recovery in demand tha

TYSONS, Va., May 11, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the "Operating Company"), PK Domestic Property LLC ("PK Domestic LLC") and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the "Issuers"), priced an offering of $750 million aggregate principal amount of 4.875% senior secured notes due 2029 (the "Notes") at a price equal to 100% of face value. The Notes will pay interest semi-annually in arrears, at a rate of 4.875% per year, and will mature on May 15, 2029. The Notes will be guaranteed by Park and certain subsidiari

TYSONS, Va., May 11, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the "Operating Company"), PK Domestic Property LLC ("PK Domestic LLC") and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the "Issuers"), intend to offer $650 million aggregate principal amount of senior secured notes due 2029 (the "Notes"). The Notes will be guaranteed by Park and certain subsidiaries of the Operating Company that guarantee the Company's senior credit facilities and existing senior secured notes due 2025 and 2028. The Issuers intend to use the proc

TYSONS, Va., May 06, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) today announced results for the first quarter ended March 31, 2021 and an operational update on COVID-19. First quarter financial highlights include: Pro-forma RevPAR was $40.79, a decrease of 70.0% from the same period in 2020;Pro-forma Occupancy for Park's 42 consolidated hotels open during the entirety of the first quarter was 37.4%;Net loss and net loss attributable to stockholders were $(191) million and $(190) million, respectively;Adjusted EBITDA was $(49) million;Pro-forma Hotel Adjusted EBITDA improved 34.7% compared to the fourth quarter of 2020 due to a sequential quart

TYSONS, Va., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (the “Company”) today announced the tax reporting information for its 2020 cash distributions on its Common Stock. The distributions, totaling $0.45 per share, were paid on April 15, 2020. Due to the financial impacts from the COVID-19 pandemic, Park suspended distributions on its Common Stock for the remainder of the year. For income tax purposes, the dividends for 2020, totaling $0.45 per share, are classified as $0.244571 (54.349187%) Total ordinary dividends, $0.005000 (1.111105%) Qualified dividends, and $0.205429 (45.650813%) Total capital gain distribution. The Total ordinary dividends include Sec