Park Hotels & Resorts (PK) Reports In-Line Q4 Revenue

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Go back to Park Hotels & Resorts (PK) Reports In-Line Q4 Revenue

Park Hotels & Resorts Inc. Reports Fourth Quarter and Full Year 2016 Results

March 1, 2017 4:01 PM EST

MCLEAN, Va.--(BUSINESS WIRE)-- Park Hotels & Resorts Inc. (Park or the Company) (NYSE: PK), which began publicly trading on the New York Stock Exchange as an independent company on January 4, 2017, today announced results for the fourth quarter and full year ended December 31, 2016. Highlights of the results include:

Fourth Quarter 2016 Results (as compared to Fourth Quarter 2015)

Pro-forma RevPAR was $155.20, a decrease of 0.8% Net income was $17 million, a decrease of 75.4%, and net income attributable to Parent was $17 million, a decrease of 75.0% Pro-forma Hotel... More