Park Hotels & Resorts Announces the Sale of Additional Non-Core Hotels and Provides Update on Non-Core Hotel Disposition Activity and Recent Operating Trends
Park Hotels & Resorts Inc. (PK)
Last park hotels & resorts inc. earnings: 2/26 04:15 pm
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pkhotelsandresorts.com
Company Research
Source: Business Wire
TYSONS, Va.--(BUSINESS WIRE)--Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided an update on its non-core disposition activity and fourth quarter operating trends.Non-Core Asset Disposition Update:Year-to-date, the Company has sold or entered into agreements or letters of intent to sell five Non-Core hotels for anticipated gross proceeds of approximately $198 million at an average multiple of nearly 43x. Closed transactions include the sale of the 316-room Hyatt Centric Fisherman’s Wharf in May 2025 and the sale of an unconsolidated joint venture interest in the 559-room Capital Hilton DC in November 2025. The three remaining transactions are expected to close by early 2026;In addition, by year-end, Park will have exited another three Non-Core hotels that were on expiring ground leases, including the 266-room Embassy Suites Kansas City Plaza, the 850-room DoubleTree Hotel Seattle Airport, and the 245-room DoubleTree Hotel Sonoma Wine Country. Collective
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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 Announces Non-Core Dispositions, Provides Operating Update [Yahoo! Finance Canada]Yahoo! Finance Canada
- 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 (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