Park Hotels & Resorts Inc. Announces Sale of Hyatt Centric Fisherman’s Wharf
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: Business Wire
TYSONS, Va.--(BUSINESS WIRE)--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 quality of our iconic portfolio as we continue to aggressively reinvest back into our robust ROI pipeline, while simultaneously enhancing our liquidity position and financial flexibility,” commented Thomas J. Baltimore, Jr., Chairman and Chief Executive Officer of Park
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News
- Why One Fund Added $4.2 Million to Park Hotels Even Though the Stock Has Slid 27% [Yahoo! Finance]Yahoo! Finance
- 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
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