Park Hotels & Resorts (PK) Reports Q3 FFO of $0.02

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Go back to Park Hotels & Resorts (PK) Reports Q3 FFO of $0.02

Park Hotels & Resorts Inc. Reports Third Quarter 2021 Results

November 3, 2021 4:15 PM EDT

TYSONS, Va., Nov. 03, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (Park or the Company) (NYSE: PK) today announced results for the third quarter ended September 30, 2021 and provided an operational update on COVID-19.

Third quarter financial highlights include:

Pro-forma RevPAR was $105.48, an increase of 301.6% from the same period in 2020 and a decrease of 43.4% from the same period in 2019;Pro-forma occupancy for Parks 45 consolidated hotels open during the entirety of the third quarter was 58.0%;Net loss and net loss attributable to stockholders were $(82) million and $(86) million,... More