TYSONS, Va., Dec. 7, 2022 (GLOBE NEWSWIRE) — Park Hotels & Resorts Inc. PC (“Park” or the “Company”) announced today that the Company announced a cash dividend of $0.25 per common share for the fourth quarter. The dividend will be paid in cash on January 17, 2023 to holders of record on December 30, 2022. Of the full dividend of $0.25 per share, $0.12 per share represents the fourth quarter payment based on 2022 operating results, with the remaining $0.13 being paid per share attributed to gains on sale of Park’s assets in 2022.

About Park Hotels & Resorts
Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying property value. Park’s portfolio currently consists of 47 premium branded hotels and resorts with approximately 30,000 rooms, located primarily in prime city center and resort locations. Visit www.pkhotelsandresorts.com for more informations.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, without limitation, statements regarding Park’s current expectations regarding the performance of its business, financial results, liquidity and capital resources, including expected dates by which its hotels will break even or positive Adjusted Hotel EBITDA impact on the business and financial condition of the Company and its hotel management companies, actions taken in response to COVID-19, the impact of macroeconomic factors (including inflation, interest rate hikes, potential economic downturn or recession and geopolitical conflicts), the impact of competition and the effects of any future law or regulation, the expected completion of anticipated divestitures, the declaration and payment of future dividends…