Park Hotels & Resorts Files 8-K on Financial Results
Ticker: PK · Form: 8-K · Filed: Feb 27, 2024 · CIK: 1617406
Sentiment: neutral
Topics: earnings, financial-reporting, 8-K
TL;DR
**Park Hotels & Resorts just filed an 8-K on Feb 27, 2024, for its financial results and operations.**
AI Summary
Park Hotels & Resorts Inc. filed an 8-K on February 27, 2024, reporting on its 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits'. The filing indicates the earliest event reported also occurred on February 27, 2024. Park Hotels & Resorts Inc., incorporated in Delaware, was formerly known as Hilton Worldwide, Inc. until August 20, 2014.
Why It Matters
This filing signals that Park Hotels & Resorts Inc. is providing updated financial information, which is crucial for investors and analysts to assess the company's recent performance and make informed decisions.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results and operations, not indicating any immediate unusual risks based on the provided snippet.
Key Players & Entities
- Park Hotels & Resorts Inc. (company) — Registrant
- Hilton Worldwide, Inc. (company) — Former Company Name
- February 27, 2024 (date) — Date of Report
- August 20, 2014 (date) — Date of Name Change
- Delaware (location) — State of Incorporation
FAQ
What is the exact name of the Registrant as specified in its Charter?
The exact name of the Registrant is Park Hotels & Resorts Inc.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on February 27, 2024.
What are the primary item information categories included in this 8-K?
The primary item information categories are 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits'.
What was Park Hotels & Resorts Inc.'s former company name and when did the name change occur?
Park Hotels & Resorts Inc.'s former company name was Hilton Worldwide, Inc., and the name change occurred on August 20, 2014.
What is the business address for Park Hotels & Resorts Inc.?
The business address for Park Hotels & Resorts Inc. is 1775 Tysons Blvd, 7th Floor, Tysons, VA 22102.
Filing Stats: 591 words · 2 min read · ~2 pages · Grade level 10.1 · Accepted 2024-02-27 16:19:38
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share PK New York Stock E
Filing Documents
- pk-20240227.htm (8-K) — 27KB
- earningsreleaseex991-q42023.htm (EX-99.1) — 609KB
- supplementexhibit992-q42023.htm (EX-99.2) — 3002KB
- capital.jpg (GRAPHIC) — 179KB
- current.jpg (GRAPHIC) — 82KB
- definition.jpg (GRAPHIC) — 208KB
- finance.jpg (GRAPHIC) — 76KB
- outlook.jpg (GRAPHIC) — 184KB
- parklogo.jpg (GRAPHIC) — 13KB
- port.jpg (GRAPHIC) — 77KB
- properties.jpg (GRAPHIC) — 103KB
- sup.jpg (GRAPHIC) — 175KB
- suppcoverpage.jpg (GRAPHIC) — 214KB
- symbol.jpg (GRAPHIC) — 14KB
- toc.jpg (GRAPHIC) — 80KB
- 0001617406-24-000011.txt ( ) — 5889KB
- pk-20240227.xsd (EX-101.SCH) — 2KB
- pk-20240227_lab.xml (EX-101.LAB) — 25KB
- pk-20240227_pre.xml (EX-101.PRE) — 13KB
- pk-20240227_htm.xml (XML) — 3KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On February 27, 2024, Park Hotels & Resorts Inc. (the "Company") issued a press release announcing its results of operations for the fourth quarter and full year ended December 31, 2023 and made available certain supplemental information concerning the portfolio and operation of the Company. Copies of the press release and the supplemental information are furnished as Exhibits 99.1 and Exhibit 99.2, respectively, to this Current Report on Form 8-K. In accordance with General Instructions B.2 of Form 8-K, the information included in Item 2.02 of this Current Report on Form 8-K (including Exhibits 99.1 and 99.2 hereto) shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made by the Company under the Exchange Act or Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press release dated February 27, 2024 99.2 Fourth Quarter and Full-Year 2023 Supplemental Data 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Park Hotels & Resorts Inc. Date: February 27, 2024 By: /s/ Sean M. Dell'Orto Sean M. Dell'Orto Executive Vice President, Chief Financial Officer and Treasurer