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PK - Park Hotels & Resorts Inc
$11.26
0.01(0.09%)8:00:02 PM 9/30/2022
Park Hotels & Resorts is a real estate investment trust focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide. Hilton Worldwide CEO Christopher Nassetta stated in June 2015 that the company was evaluating a corporate spin-off of a REIT to hold its $13-billion real estate portfolio. The plan was part of Nassetta's strategy of moving Hilton to an "asset-light" business model, to enable rapid international growth. It was also meant to take advantage of the lack of corporate income taxes on REITs. Hilton announced definitive plans in February 2016 to spin off a REIT and its timeshare business as separate companies. The spin-offs were completed on January 4, 2017. Park Hotels became the second-largest publicly traded hotel REIT, with holdings of 67 hotels.
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    09/9/2022PK
    Park Hotels & Resorts Announces Third Quarter Dividend of $0.01 Per Share

    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

    09/2/2022PK
    1 Growth Stock That's Played Out and 1 That's Just Starting

    Hotels were a great buy during COVID-19. Now that growth story is over, and I've bought shares of a fast-grower in South America.

    08/30/2022PK
    Park Hotels & Resorts Inc. Announces Third Quarter 2022 Earnings Conference Call on November 3, 2022

    TYSONS, Va., Aug. 30, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the third quarter 2022 after the stock market closes on November 2, 2022. Park will hold a conference call on Thursday, November 3, 2022 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

    08/17/2022PK
    Wall Street Analysts are Downgrading These 10 Stocks

    In this article, we will take a look at the 10 stocks receiving downgrades from analysts. If you want to see some more companies receiving ratings-cut, go directly to Wall Street Analysts are Downgrading These 5 Stocks. Analysts continue to update their ratings for stocks in the current volatile market, citing various factors such as […]

    08/12/2022PK
    Blackstone affiliate acquires pair of D.C. hotels from Hersha

    Affiliates of Blackstone have snapped up a pair of Washington, D.C., hotels amid a large wave of sales rippling across the hospitality industry in D.C. and beyond. The New York-based investment management firm acquired the hotels, the Hilton Garden Inn at 2201 M St. NW, and the Hampton Inn  at 901 Sixth St. NW near the Walter E. Washington Convention Center, for a combined $112.7 million, per the D.C. Recorder of Deeds. The seller was Philadelphia-based Hersha Hospitality Trust (NYSE: HT), whi...

    08/11/2022PK
    Park Hotels Explores Sale of Caribe Hilton in Puerto Rico

    (Bloomberg) -- Park Hotels & Resorts Inc. is exploring a sale of the Caribe Hilton in San Juan, Puerto Rico, according to a person with knowledge of the matter.Most Read from BloombergStriking Drop in Stress Hormone Predicts Long Covid in StudyThe Fed’s Damage to the Housing Market May Last YearsGarland Seeks to Unseal Trump Warrant, Says He Approved SearchChina Has Painted Itself Into a Semiconductor CornerRuto, Odinga Shy of Victory in Latest Vote Counts: Kenya UpdateThe real estate investment

    08/8/2022PK
    Hilton Union Square, Parc 55 hotels in play as owner stares down CMBS loan

    "All options are on the table," said Park Hotels & Resorts CEO Thomas J. Baltimore Jr. Here's when the company expects to make a decision.