Park Hotels Announces Non-Core Dispositions, Provides Operating Update [Yahoo! Finance Canada]
Park Hotels & Resorts Inc. (PK)
Last park hotels & resorts inc. earnings: 2/26 04:15 pm
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pkhotelsandresorts.com
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Source: Yahoo! Finance Canada
PK recently announced that from the beginning of the year through Dec. 9, 2025, it has sold or entered into agreements to sell five non-core assets for an estimated value of around $198 million, an average multiple of 43X. The lodging REIT completed the sale of Hyatt Centric Fisherman's Wharf in May 2025 and the unconsolidated joint venture interest in Capital Hilton DC in November 2025. The remaining three dispositions are supposed to close by early 2026. The company plans to exit three additional non-core assets by the end of the year. These include the 266-room Embassy Suites Kansas City Plaza, the 850-room DoubleTree Hotel Seattle Airport, and the 245-room DoubleTree Hotel Sonoma Wine Country. These hotels yielded minimal EBITDA in 2025. Park Hotels expects to dispose of the remaining marketable non-core assets within 12 months. The move is in line with the company's strategic plan to sell off non-core assets worth $300-$400 million in 2025 for portfolio optimization. The same
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News
- Is Park Hotels and Resorts a Value Opportunity After Prolonged Share Price Weakness? [Yahoo! Finance Canada]Yahoo! Finance Canada
- Park Hotels & Resorts to sell 5 non-core hotels [Yahoo! Finance]Yahoo! Finance
- Park Hotels & Resorts (NYSE:PK) had its "sell (d+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Park Hotels & Resorts Announces the Sale of Additional Non-Core Hotels and Provides Update on Non-Core Hotel Disposition Activity and Recent Operating TrendsBusiness Wire
- Park Hotels & Resorts (NYSE:PK) was given a new $12.00 price target on by analysts at Truist Financial Corporation.MarketBeat
PK
Earnings
- 10/30/25 - Miss
PK
Sec Filings
- 12/9/25 - Form 8-K
- 12/2/25 - Form SCHEDULE
- 12/1/25 - Form SCHEDULE
- PK's page on the SEC website