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Park Hotels and Resorts Inc (NYSE: PK) |
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Price: $15.3000
$-0.53 
-3.348%
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| Day's High:
| $15.770000457763672
| Week Perf:
| -5.38 %
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| Day's Low: |
$ 15.26 |
30 Day Perf: |
1.59 % |
| Volume (M): |
4,736,823 |
52 Wk High: |
$ 16.20 |
| Volume (M$): |
$ 0 |
52 Wk Avg: |
$11.98 |
| Open: |
$15.81 |
52 Wk Low: |
$9.84 |
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| Market Capitalization (Millions $) |
3,060 |
| Shares
Outstanding (Millions) |
200 |
| Employees |
90 |
| Revenues (TTM) (Millions $) |
2,541 |
| Net Income (TTM) (Millions $) |
-156 |
| Cash Flow (TTM) (Millions $) |
-157 |
| Capital Exp. (TTM) (Millions $) |
259 |
Business Description
With a varied portfolio of historic and market-leading hotels and resorts with considerable underlying real estate value, we are the second biggest publicly listed lodging real estate investment trust. We started out as a Delaware corporation called Hilton Hotels Corporation, and we were a component of one of Hiltons business areas.
Our goal is to be the foremost lodging REIT, focusing on providing superior risk-adjusted returns to investors through active asset management and a strategic external development strategy, all while keeping a strong and flexible balance sheet.
Our management agreements usually include a two-tiered pricing structure, with a basic management charge and an incentive management fee for our hotel managers. Our hotels charge a base management fee that ranges from 2% to 4% of gross hotel revenues or receipts, depending on the terms of the agreement. The incentive management fee is usually a percentage of a specific performance metric, such as operational income, cash flow, or other performance indicators, as stipulated in the agreements, with some agreements only allowing incentive fees when particular financial criteria have been met. We also pay our hotel managers some service fees and compensate them for the salaries and wages of their workers who work at our hotels, as well as certain additional expenditures.
Company Address: 1775 Tysons Boulevard Tysons 22102 VA
Company Phone Number: 302-5757 Stock Exchange / Ticker: NYSE PK
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| Stock Performances by Major Competitors |
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| Product Service News
Published Sat, Dec 28 2024 8:39 PM UTC
In a landscape increasingly focused on corporate accountability, Park Hotels & Resorts Inc. (NYSE: PK) has recently taken significant strides, as highlighted in its annual Corporate Responsibility (CR) Report for 2023. The report outlines the company’s environmental, social, and governance (ESG) strategies and initiatives, aligning with broader industry trends toward susta...
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| Product Service News
Published Thu, Dec 5 2024 11:31 AM UTC
In the ever-dynamic landscape of the hospitality industry, Park Hotels & Resorts Inc. (NYSE: PK) recently provided a comprehensive update on its operating trends for the fourth quarter of 2024, revealing a mixed bag of results that highlight both resilience and challenges faced by the company. As the industry rallies towards recovery, Park finds itself grappling with a year-...
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| Dividend
Published Tue, Nov 26 2024 11:00 AM UTC
Park Hotels & Resorts Declares Robust Fourth Quarter Dividend Amidst Mixed Performance Metrics An Analysis of Park Hotels & Resorts Inc. s Recent Financial MovementsPark Hotels & Resorts Inc. (NYSE: PK), a prominent player in the hospitality industry, has recently announced a fourth-quarter dividend of $0.65 per share, set to be distributed to stockholders on January 15, 20...
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| Dividend
Published Mon, Nov 11 2024 11:16 AM UTC
TYSONS, Va. Nov. 11, 2024 Park Hotels & Resorts Inc. (NYSE: PK), a prominent player in the hospitality sector, has reinstated and revised its earnings guidance for the entire fiscal year of 2024. This optimistic outlook follows the successful ratification of labor agreements between hotel operators and labor unions at four critical properties: the 2,860-room Hilton Hawaiia...
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| Business Update
Published Wed, Oct 16 2024 12:47 PM UTC
In an unfolding saga affecting the hospitality sector, a recent analysis by UNITE HERE Boston has revealed a significant disruption in the operational profitability of Park Hotels & Resorts Inc. (NYSE: PK) due to ongoing hotel strikes across the United States. Over 30% of the company s hotel operating profit is being directly impacted, underscoring the substantial influence ...
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Fundamental Analysis
| Per Share |
Current |
| Earnings (TTM) |
-0.82 $ |
| Revenues (TTM) |
12.71 $
|
| Cash Flow (TTM) |
- |
| Cash |
1.32 $
|
| Book Value |
15.45 $
|
| Dividend (TTM) |
1 $ |
| Efficiency
|
Current |
| Revenue per Employee
(TTM) |
28,233,333 |
| Net
Income per Employee (TTM) |
-1,733,333 |
| Receivable Turnover Ratio (TTM) |
19.07 |
| Inventory Turnover Ratio (TTM) |
- |
| Asset Turnover Ratio (TTM) |
0.3 |
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| Per Share |
|
| Earnings (TTM) |
-0.82 $
|
| Revenues (TTM) |
12.71 $ |
| Cash Flow (TTM) |
- |
| Cash |
1.32 $
|
| Book Value |
15.45 $ |
| Dividend (TTM) |
1 $ |
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| Occupancy |
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 111.32 % |
of total Revenue |
| Food and beverage |
|
54.41 % |
of total Revenue |
| Ancillary hotel |
|
18.68 % |
of total Revenue |
| Hotel, Other |
|
7.06 % |
of total Revenue |
| Core Hotels |
|
157.35 % |
of total Revenue |
| Non-Core Hotels |
|
27.06 % |
of total Revenue |
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On February 28 2024 the Park Hotels And Resorts Inc provided following guidance
Park Hotels and Resorts Inc. reported its fourth-quarter and full-year 2023 results on February 27, 2024. The company also announced a first-quarter dividend of $0.25 per share.
In the corrected press release, the company updated its Full-Year 2024 Outlook. The low case and high case outlook for operating income margin were revised to 15.1% and 16.3%, respectively. Additionally, the low case and high case estimates for Total Revenues were adjusted to $2,633 million and $2,682 million, respectively. The low case and high case estimates for other revenue were both changed to $92 million.
These corrections provide a more accurate estimate of Park Hotels and Resorts Inc.'s performance and financia...
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