PK News and Press, Park Hotels & Resorts Inc. From 06/28/22

Pebblebrook Hotel Trust (NYSE:PEB) was added as new best idea short at Hedgeye with the potential for the hotel REIT to see 20% downside from current levels. Pebblebrook (PEB) is likely to see margin pressure as the industry deals with higher labor costs and cost inflation, according to Hedge...

TYSONS, Va., June 23, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it has closed on the sale of the 195-room Homewood Suites by Hilton Seattle Convention Center Pike Street in Seattle, WA and completed the previously-announce...

TYSONS, Va., June 21, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the second quarter 2022 after the stock market closes on August 3, 2022. Park will hold a conference call on Thursday...

After 6 months of relentless-selling, the bond market, stock market, and real estate are at an inflection point. There is technical confirmation in the sentiment charts that we have reached a pessimism rarely found in the markets, and from which a basis of demand could soon begin. ...

Park Hotels & Resorts (NYSE:PK) declares $0.01/share quarterly dividend, in line with previous. Forward yield 0.26% Payable July 15; for shareholders of record June 30; ex-div June 29. See PK Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: Park Hotel...

TYSONS, Va., June 15, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a second quarter cash dividend of $0.01 per share of common stock. The dividend will be paid in cash o...

Park Hotels & Resorts (NYSE:PK) reported its May proforma occupancy of 67.9% for its 46 consolidated hotels; occupancy forecasted to be 76.3% in June 2022. The company sees improving Q2 RevPAR outlook to increase the RevPAR by $9 at the midpoint to $171, while Adj. EBITDA guidance in...

TYSONS, Va., June 06, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided an operational update and raised its second quarter 2022 (“Q2 2022”) outlook based on improving demand. Recent...

The hotel industry is doing well as the economy reopens. In May, hotel companies like Marriott, Hilton, and Wyndham published strong quarterly results and forward guidance. One way to benefit from this hotel supercycle is through hotel REITs. These are companies that own buildings t...

Following their best week since November 2020, U.S. equity markets slipped this past week as China's apparent emergence from COVID lockdown lifted global benchmark interest rates and commodities prices. Persistently elevated energy prices - the 'fuel' of stagflation - remain the most ...