Park Hotels & Resorts (PK) Tops Q4 EPS by 37c
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Park Hotels & Resorts Inc. Reports Fourth Quarter and Full Year 2020 Results
February 25, 2021 4:15 PM ESTTYSONS, Va., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (Park or the Company) (NYSE: PK) today announced results for the fourth quarter and full year ended December 31, 2020 and an operational update on COVID-19.
Fourth quarter financial highlights include:
Pro-forma RevPAR was $27.48, a decrease of 84.5% from the same period in 2019;Occupancy for Parks 39 consolidated hotels open during the entirety of the fourth quarter was 35.3%;Net loss and net loss attributable to stockholders were $(218) million and $(217) million, respectively;Adjusted EBITDA was $(65) million;Adjusted FFO... More