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17.09.25 - 22:21
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Park Hotels & Resorts Inc. Completes Recast of $2 Billion Credit Facilities (Business Wire)
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TYSONS, Va.--(BUSINESS WIRE)--$PK--Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it has successfully amended and restated its existing credit agreement (as amended and restated, the “Credit Agreement”) to (i) increase total capacity under a senior secured revolving credit facility from $950 million to $1 billion (the “Revolving Facility”), (ii) extend the termination date of the Revolving Facility from December 1, 2026 to September 17, 2029, and (iii) add a new senior unsecured delayed draw term loan facility of up to $800 million, available in up to three draws for up to one year after closing, with a scheduled maturity date of January 2, 2030 (the “2025 Term Facility”). The Credit Agreement also provides for a senior unsecured term loan in the original principal amount of $200 million incurred on May 16, 2024 (the “2024 Term Loan”, and together with the Revolving Facility and the 2025 Term Facility, the “Credit Facilities”), bringing the aggregate capacity un...
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04.09.25 - 22:21
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Park Hotels & Resorts Inc. Announces Third Quarter 2025 Earnings Conference Call on October 31, 2025 (Business Wire)
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TYSONS, Va.--(BUSINESS WIRE)--$PK #earnings--Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it will release its financial results for the third quarter 2025 after the stock market closes on Thursday, October 30, 2025. Park will hold a conference call on Friday, October 31, 2025 at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook.
The conference call will be accessible by telephone and through the internet. Interested individuals are invited to participate by following these steps:
Telephone:
Please dial (877) 451-6152, or (201) 389-0879 for international participants, and request Park Hotels & Resorts' Third Quarter 2025 Earnings Conference Call. It is recommended that participants dial 10 minutes ahead of the scheduled start time.
Webcast:
Please log on to www.pkhotelsandresorts.com 10 minutes prior to the call to register. A replay of the webcast will also be archived on the Investor Relations section of Park's ...
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31.07.25 - 22:18
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Park Hotels & Resorts Inc. Reports Second Quarter 2025 Results (Business Wire)
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TYSONS, Va.--(BUSINESS WIRE)--$PK #earnings--Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the second quarter ended June 30, 2025 and provided an operational update.
Second Quarter Highlights Include:
Comparable RevPAR was $195.68, a decrease of (1.6)% compared to the same period in 2024, or only a (0.6)% decrease when excluding the Royal Palm South Beach Miami, a Tribute Portfolio Resort (“Royal Palm”), which suspended operations in mid-May 2025 for a comprehensive renovation;
Net loss and net loss attributable to stockholders were $(2) million and $(5) million, respectively;
Adjusted EBITDA was $183 million;
Diluted loss per share was $(0.02);
Diluted Adjusted FFO per share was $0.64;
Sold the 316-room Hyatt Centric Fisherman's Wharf located in San Francisco, California for $80 million, or $253,000 per key. The sale price represents 64.0x 2024 EBITDA of the hotel. Proceeds from the sale will be used for ongoing return on investment projects in P...
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04.07.25 - 13:36
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Paul: Indian Wealthy Class is Growing Travel Market (Bloomberg)
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The luxury travel category is booming, with hotels, airlines and the industry chasing so-called aspirational holidaymakers, who're prepared to splurge on vacations. Demand is being driven by increasing wealth in emerging markets, especially in India. Priya Paul, chairperson of Apeejay Surrendra Park Hotels, which operates a chain of luxury boutique hotels in India, is hoping to capitalise on this trend, saying that she plans to 'double' the number of properties offered by the company over the next five years. Paul spoke to Bloomberg's Francine Lacqua. (Source: Bloomberg)...
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10.06.25 - 12:33
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Park Hotels & Resorts Inc. Announces Second Quarter 2025 Earnings Conference Call on August 1, 2025 (Business Wire)
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TYSONS, Va.--(BUSINESS WIRE)--$PK #earnings--Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it will release its financial results for the second quarter 2025 after the stock market closes on Thursday, July 31, 2025. Park will hold a conference call on Friday, August, 1, 2025 at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook.
The conference call will be accessible by telephone and through the internet. Interested individuals are invited to participate by following these steps:
Telephone:
Please dial (877) 451-6152, or (201) 389-0879 for international participants, and request Park Hotels & Resorts' Second Quarter 2025 Earnings Conference Call. It is recommended that participants dial 10 minutes ahead of the scheduled start time.
Webcast:
Please log on to www.pkhotelsandresorts.com 10 minutes prior to the call to register. A replay of the webcast will also be archived on the Investor Relations section of Park's we...
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