Net debt, presented herein, is a non-GAAP financial measure that the Company uses to evaluate its financial leverage. Net debt is calculated as (i) long-term debt, including current maturities and excluding unamortized deferred financing costs; and (ii) the Company's share of investments in affiliate debt, excluding unamortized deferred financing costs; reduced by (a) cash and cash equivalents; and (b) restricted cash and cash equivalents. Net debt to Adjusted EBITDA ratio, presented herein, is a non-GAAP f ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ 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 Park Hotels & Resorts Inc. (Exact name of Registrant as specified in its Charter) Delaware 36-2058176 (State or other j ...

Hey, thanks. Good morning. Tom Baltimore Good morning, Duane. Duane Pfennigwerth Hey, nice to see you. Just on labor cost inflation, I wonder if your relative flexibility and geography, so essentially operating in higher-cost urban markets where rates were already high makes you less exposed to labor rate increases versus your peers. Is having less flexibility on labor, actually, a good thing right now? Tom Baltimore It's a great question, and I think you are spot on. One, we have a labor piece. We've been ...

Fourth Quarter and Full Year 2022 Supplemental Data DECEMBER 31, 2022 Royal Palm South Beach Miami, a Tribute Portfolio Resort Hilton Hawaiian Village Waikiki Beach Resort Parc 55 San Francisco, a Hilton Hotel About Park and Safe Harbor Disclosure About Park Hotels & Resorts Inc. Park (NYSE: PK) is the second largest publicly-traded lodging real estate company with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio consists of 46 premium- ...

PARK HOTELS & RESORTS Nareit Conference NOVEMBER 2022 TEXAS NAMES THE Park Hotels & Resorts To be the preeminent lodging REIT, focused on consistently delivering superior, risk-adjusted returns for stockholders through active asset management and a thoughtful external growth strategy, while maintaining a strong and flexible balance sheet Mission Investment Strategy Guiding Principles Upper-Upscale & Luxury Full-Service Premiere Urban and Resort Destinations Affiliation with Dominant Global Brands Aggressive ...

Park Hotels & Resorts Inc. (NYSE:PK) Q3 2022 Earnings Conference Call November 3, 2022 11:00 PM ET Company Participants Ian Weissman - Senior Vice President of Corporate Strategy Tom Baltimore - Chairman & Chief Executive Officer Sean Dell'Orto - Chief Financial Officer Conference Call Participants Smedes Rose - Citi Dany Asad - Bank of America Dori Kesten - Wells Fargo Anthony Powell - Barclays Duane Pfennigwerth - Evercore ISI Chris Woronka - Deutsche Bank Neil Malkin - Capital One Securities Robin Farley ...

Park Hotels & Resorts Inc. (NYSE:PK) Q2 2022 Earnings Conference Call August 4, 2022 11:00 AM ET Company Participants Ian Weissman - Senior Vice President of Corporate Strategy Tom Baltimore - Chairman & Chief Executive Officer Sean Dell'Orto - Chief Financial Officer Conference Call Participants Patrick Scholes - Truist Securities Anthony Powell - Barclays Capital Floris Van Dijkum - Compass Point Chris Woronka - Deutsche Bank Dori Kesten - Wells Fargo Neil Malkin - Capital One Duane Pfennigwerth - Evercor ...

Park Hotels & Resorts Inc. (NYSE:PK) Q1 2022 Earnings Conference Call May 2, 2022 11:00 AM ET Company Participants Ian Weissman - Senior Vice President, Corporate Strategy Tom Baltimore - Chairman and Chief Executive Officer Sean Dell'Orto - Chief Financial Officer Conference Call Participants Smedes Rose - Citi Floris Van Dijkum - Compass Point Anthony Powell - Barclays Capital Chris Woronka - Deutsche Bank Dany Asad - Bank of America Ari Klein - BMO Capital Markets Jay Kornreich - SMBC Bill Crow - Raymond ...

First Quarter 2022 Supplemental Data MARCH 31, 2022 Hilton Hawaiian Village Waikiki Beach Resort Parc 55 San Francisco, a Hilton Hotel Royal Palm South Beach Miami, a Tribute Portfolio Resort About Park and Safe Harbor Disclosure About Park Hotels & Resorts Inc. Park (NYSE: PK) is the second largest publicly-traded lodging real estate company with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio consists of 53 premium-branded hotels and ...

Park Hotels & Resorts Inc. (NYSE:PK) Q4 2021 Earnings Conference Call February 18, 2022 11:00 AM ET Company Participants Ian Weissman - Senior Vice President, Corporate Strategy Tom Baltimore - Chairman and CEO Sean Dell'Orto - Chief Financial Officer Conference Call Participants David Katz - Jefferies Smedes Rose - Citi Rich Hightower - Evercore Floris Van Dijkum - Compass Point Anthony Powell - Barclays Neil Malkin - Capital One Securities Ari Klein - BMO Capital Markets Bill Crow - Raymond James Jay Korn ...