Park Hotels & Resorts News

Hotel Development San Francisco

Park Hotels & Resorts No Longer Makes Payments on Two of Its San Francisco Hotels

Park Hotels & Resorts Inc. (NYSE:PK) today announced that, starting in June, it ceased making payments toward the $725 million non - recourse CMBS loan which is scheduled to mature in November 2023, and is secured by two of its San Francisco hotels - the 1,921 - room Hilton San Francisco Union Square and the 1,024 - room Parc 55 San Francisco.

2023-06-05

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Park Hotels & Resorts Results

Park Hotels & Resorts Inc. Reports Third Quarter 2020 Results

Pro-forma RevPAR was $26.14, a decrease of 86.1% from the same period in 2019, which was an improvement from a 95.9% year-over-year decline reported last quarter

2020-11-09

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Management Appointment Park Hotels & Resorts

Nancy M. Vu Named Senior Vice President, General Counsel and Secretary for Park Hotels & Resorts

Ms. Vu joined Park in 2016 as Assistant General Counsel in connection with the Company’s spin-off from Hilton, and was promoted to Vice President in 2018.

2020-10-26

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Hotel Opening Arizona

Renamed Hilton Phoenix Resort at the Peak Launches

After more than a year of planning, the Pointe Hilton Squaw Peak Resort has announced its new name: Hilton Phoenix Resort at the Peak. The all-suite resort is managed by Crescent Hotels & Resorts.

2020-10-12

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Park Hotels Business Update

Park Hotels & Resorts Inc. Provides Business Update - September 14th

Occupancy improved to 32.3% for Park’s 33 consolidated hotels open during the entirety of July and 38.8% for Park’s 37 consolidated hotels open during the entirety of August;

2020-09-14

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Park Hotels & Resorts Results

Park Hotels & Resorts Inc. Reports Second Quarter 2020 Results and Provides Operational Update

Pro-forma RevPAR was $7.85 a decrease of 95.9% from the same period in 2019 - Occupancy for Park’s 18 consolidated hotels open during the entirety of the second quarter was 20.8%

2020-08-06

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Park Hotels & Resorts Results

Park Hotels & Resorts Inc. Reports First Quarter 2020 Results and Provides Operational Update

Pro-forma RevPAR was $136.27 a decrease of 22.6% from the same period in 2019

2020-05-11

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Park Hotels & Resorts COVID-19 Measures

Park Hotels & Resorts Inc. Provides Additional Update on COVID-19 Measures

Park Hotels & Resorts Inc. (NYSE: PK) today announced an update on measures it is taking, independently and in coordination with its hotel management companies, to mitigate the effect on its business from the national emergency that has arisen as a result of the COVID-19 virus.

2020-03-26

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COVID-19 Impact

Park Hotels & Resorts Inc. Takes Action to Mitigate COVID-19 Impact

Park Hotels & Resorts Inc. (NYSE: PK) today announced it is has taken various actions, independently and in coordination with its hotel management companies, to mitigate the effect on its business from the national emergency that has arisen as a result of the COVID-19 virus.

2020-03-16

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Park Hotels & Resorts

Park Hotels & Resorts Inc. Withdraws 2020 Outlook Due to Increased Uncertainty About Scope of COVID-19 Impact

Since providing guidance nearly two weeks ago, Park has experienced a material increase in the number of corporate group cancellations. Additionally, increasing travel restrictions, governmental travel advisories and state of emergency declarations across several of our key markets are expected to adversely impact the Company’s financial results for the full year 2020.

2020-03-10

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