Park Hotels & Resorts Inc. (NYSE:PK) was spun-off by Hilton Worldwide Holdings Inc. (HLT) in 2017 and headquartered in Tysons, VA, owns and manages hotels and resorts in the U.S. Investors who are looking for exposure to the U.S. hotel industry may be interested in this REIT as it appears to be a good addition to a dividend portfolio considering the outlook for the industry in 2024. The dividend is well covered, the business is conservatively financed exhibiting strong liquidity, and the stock is trading at ...

NEW YORK, May 29, 2024 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (Nasdaq: INBS) ("INBS" or the "Company"), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced the successful recruitment and commencement of screening for subjects in its pharmacokinetic (PK) study, a critical component of the Company's FDA 510(k) regulatory pathway for clearance. Harry Simeonidis, President and CEO at INBS, commented, "As we navigate the FDA 510(k) regulatory pa ...

Core Points - Park Hotels & Resorts Inc. announced the expiration and final results of its cash Tender Offer for its outstanding 7.500% Senior Notes due 2025, which expired on May 13, 2024 [1] - The Issuers purchased $311,473,000 in principal amount of the Notes that were validly tendered [2] - Following the settlement of the Tender Offer, the Issuers issued a notice of redemption for all outstanding Notes at a redemption price of 100.000% of the principal amount plus accrued interest, with the redemption date expected to be June 1, 2024 [3] Company Overview - Park Hotels & Resorts is one of the largest publicly traded lodging REITs, with a portfolio of 43 premium-branded hotels and resorts totaling over 26,000 rooms located in prime city center and resort locations [6]

TYSONS, Va., May 16, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park") (NYSE: PK) announced today the expiration of and the final results for the previously announced offer to purchase for cash (the "Tender Offer") commenced by Park's subsidiaries, Park Intermediate Holdings LLC, a Delaware limited liability (the "Company"), PK Domestic Property LLC, a Delaware limited liability company, and PK Finance Co-Issuer Inc., a Delaware corporation (collectively, the "Issuers"), for any and all of their ...

Core Viewpoint - Park Hotels & Resorts Inc. successfully completed an offering of $550 million in senior notes, enhancing its liquidity and extending debt maturities [1][3]. Group 1: Offering Details - The offering consisted of $550 million aggregate principal amount of 7.000% senior notes due 2030, which will pay interest semi-annually and mature on February 1, 2030 [1]. - The notes are guaranteed by Park and certain subsidiaries, ensuring the company's credit agreement and existing senior notes due in 2025, 2028, and 2029 are backed [1]. Group 2: Use of Proceeds - The net proceeds from the offering, along with a new $200 million unsecured term loan, will be used to purchase all $650 million of the 7.500% Senior Notes due 2025 that were tendered in a cash tender offer and to redeem any remaining notes [2]. - Remaining proceeds will be allocated for general corporate purposes and to cover related fees and expenses [2]. Group 3: Management Commentary - The CEO expressed satisfaction with the execution of the offering, noting that it increases the company's liquidity position to $1.4 billion and provides flexibility for the balance sheet [3]. - Upon repayment of the 2025 Notes, the company will not face significant maturities until 2026, improving its financial stability [3].

Core Viewpoint - Park Hotels & Resorts Inc. successfully completed an offering of $550 million in senior notes, enhancing its liquidity and extending debt maturities [1][3]. Group 1: Offering Details - The company issued $550 million of 7.000% senior notes due February 1, 2030, with interest paid semi-annually [1]. - The proceeds from the offering will be used to purchase $650 million of 7.500% Senior Notes due 2025 and to cover related fees and expenses [2]. Group 2: Financial Position - The combined liquidity position of the company, after the offering and a new $200 million unsecured term loan, is now $1.4 billion [3]. - Upon repayment of the 2025 Notes, the company will not face significant maturities until 2026 [3]. Group 3: Regulatory Information - The notes and guarantees were not registered under the Securities Act and were offered only to qualified institutional buyers and certain non-U.S. persons [3].

Real estate is the worst-performing sector, down over 5% year-to-date (YTD). Due to higher for longer rates, there has been a broad-based selloff. Investors are throwing out the baby with the bath water. And now, there are some cheap REITs to buy. The major issue for REITs has been the rise of the work-from-home phenomenon, which has increased vacancy rates. Besides, higher interest rates pose financing challenges, which has been a headwind. However, BMO Capital thinks REITs are oversold and investors shoul ...

Park Hotels & Resorts Inc. (NYSE:PK) Q1 2024 Results Conference Call May 1, 2024 11:00 AM ET Company Participants Ian Weissman - Senior Vice President, Corporate Strategy Tom Baltimore - Chairman, President & CEO Sean Dell’Orto - Chief Financial Officer & Treasurer Conference Call Participants Floris Van Dijkum - Compass Point Smedes Rose - Citibank Duane Pfennigwerth - Evercore ISI Chris Woronka - Deutsche Bank Anthony Powell - Barclays David Katz - Jefferies Stephen Grambling - Morgan Stanley Bill Crow - ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to Commission File Number 001-37795 ______________________ ...

About Park and Safe Harbor Disclosure About Park Hotels & Resorts Inc. Park (NYSE: PK) is one of the largest publicly-traded lodging real estate investment trusts ("REIT") with a diverse portfolio of iconic and market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 43 premium-branded hotels and resorts with over 26,000 rooms primarily located in prime city center and resort locations. Visit www.pkhotelsandresorts.com for more information. Forw ...