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Shares of hotel stocks had a great week this week as economic and inflation news played into the industry's strengths. High-capital-expense businesses like hotels could be among the few beneficiaries of higher inflation, and investors were bidding up the industry as a result. Accord...
Pharmacodynamic results from a phase 1 trial demonstrated that ChemoCentryx's (CCXI) CCX559 exhibits immune stimulatory properties in cancer patients. CCX559 is an inhibitor of PD-L1 that is given in pill format. Currently available PD-L1 inhibitors are monoclonal antibodies that must be give...
Park Hotels & Resorts (NYSE:PK) reported 63% in March 2022 occupancy for Park's 48 consolidated hotels, a sequential improvement of over 10 percentage points from February 2022. Pro-forma Occupancy, ADR and RevPAR for March 2022 for Park's 48 consolidated hotels: The company acc...
TYSONS, Va., April 13, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided an operational update. Recent Highlights Occupancy for March 2022 for Park’s 48 consolidated hotels was 63...
Citing the asset trades and positioning of Host Hotels & Resorts (HST) +1% shares should outperform Park Hotels & Resorts (PK) -1.7%, Jefferies raised its rating on HST to buy from hold and cuts PK rating to hold from buy. HST PT raised to $25 from $20, up 25% from curr...
Hotel REITs - one of just three property sectors in positive-territory this year - entered 2022 with positive fundamental momentum and reasons for cautious optimism following four-straight years of underperformance. Spring Break is back - for some, at least. Sunbelt and leisure-focuse...
TYSONS, Va., March 23, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the first quarter 2022 before the stock market opens on May 2, 2022. Park will hold a conference call later that mor...
Park Hotel & Resorts manages a diverse portfolio of hotels and resorts and is the second-largest publicly traded lodging REIT in the United States. Since the pandemic, the hospitality industry has taken a hit, but most REIT companies continue to see gains. Growth in the sector...
U.S. equity markets slid on another volatile week as the Russia/Ukraine conflict dragged into a third week while gasoline prices in the U.S. surged to record-highs, sending consumer confidence to recessionary levels. Sliding to its lowest weekly close since June 2021 amid a stretch of...
Park Hotels & Resorts (NYSE:PK) declares $0.01/share quarterly dividend. Forward yield 0.21% Payable April 15; for shareholders of record March 31; ex-div March 30. The company has suspended dividend in May 2020 following the payment of 1Q20 dividend in April 2020. Thomas J. Baltimore, Jr...
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TYSONS, Va., July 31, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the second quarter ended June 30, 2024 and provided an operational update. Selected Statistical and Financial Inf...
TYSONS, Va., June 11, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE: PK) today announced that it plans to report financial results for the second quarter 2024 after the stock market closes on Wednesday, July 31, 2024. Park will hold a conference call on Thur...