Park Hotels & Resorts (PK) Tops Q1 EPS by 4c
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Park Hotels & Resorts Inc. Reports First Quarter 2021 Results
May 6, 2021 4:15 PM EDTTYSONS, Va., May 06, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (Park or the Company) (NYSE: PK) today announced results for the first quarter ended March 31, 2021 and an operational update on COVID-19.
First quarter financial highlights include:
Pro-forma RevPAR was $40.79, a decrease of 70.0% from the same period in 2020;Pro-forma Occupancy for Parks 42 consolidated hotels open during the entirety of the first quarter was 37.4%;Net loss and net loss attributable to stockholders were $(191) million and $(190) million, respectively;Adjusted EBITDA was $(49)... More