Financial Data and Key Metrics Changes - In Q4 2024, RevPAR was $179, a decline of 1.4%, but increased by 3.1% when excluding the impact of strike activity [31][32] - Occupancy for the quarter was 69.9%, and ADR was $256 [32] - Q4 hotel revenue was $600 million, with hotel adjusted EBITDA of $147 million, resulting in an adjusted EBITDA margin of 24.6% [32] - For the full year, adjusted EBITDA was $652 million, with adjusted FFO per share at $2.06 [33] Business Line Data and Key Metrics Changes - The Waldorf Astoria Bonnet Creek reported an 85% surge in transient revenues and a 40% increase in ancillary revenues [19] - Casa Marina in Key West saw a 77% increase in RevPAR during Q4, with a RevPAR index of 126, marking the highest quarterly performance since 2019 [20] - The Hilton Chicago experienced nearly 15% RevPAR growth, contributing to a 53 basis point improvement in EBITDA margin [22] Market Data and Key Metrics Changes - In Hawaii, the Hilton Hawaiian Village was negatively impacted by a 45-day labor strike, accounting for a nearly 540 basis point headwind to total portfolio RevPAR [22] - The company anticipates a solid rebound for the resort in 2025, driven by increased domestic travel and convention activity [23] - January 2025 RevPAR finished 2.7% lower than the prior year, but performance is expected to improve throughout the quarter [40] Company Strategy and Development Direction - The company plans to divest $300 to $400 million of non-core assets to improve portfolio quality and pay down debt [11][12] - A $100 million investment is planned for the Royal Palm Resort in South Beach, aimed at significantly elevating the property's quality [15][16] - The company is focused on capital allocation to maximize shareholder returns, including reinvestment into core portfolio hotels [12][29] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for 2025, expecting RevPAR growth of 0% to 3% due to a slower first quarter and planned renovations [28][38] - The US economy is described as being on firm footing, supported by healthy employment and strong corporate profit growth [25] - Management noted that the first quarter of 2025 is expected to be soft, with a stronger second half anticipated [26][40] Other Important Information - The company declared a first-quarter cash dividend of $0.25 per share, translating to a yield of 7.5% to 8% at current trading levels [41] - The company has a robust ROI pipeline exceeding $1 billion, with an estimated incremental value creation potential of over $300 million [17] Q&A Session Summary Question: Disposition target and capital deployment - Management confirmed the target of $300 million to $400 million for non-core asset sales and emphasized the focus on reinvesting in core projects and paying down debt [45][49] Question: CMBS debt refinancing strategy - Management discussed the $1.4 billion CMBS debt maturing in 2026 and indicated that they are exploring various strategies for refinancing [50][52] Question: Hawaii market expectations - Management expects a soft first quarter for Hawaii but anticipates significant growth in Q3 and Q4, with low to mid-single digit RevPAR growth by year-end [66][67] Question: Royal Palm positioning in Miami - Management highlighted the Royal Palm's potential to double EBITDA post-renovation and its strategic location among high-end competitors [78][84] Question: Bonnet Creek asset performance - Management expressed bullish sentiment regarding Bonnet Creek's performance, with expectations for continued growth driven by group bookings and market demand [90][92] Question: Chicago hotel brand changes - Management noted that the brand switch to Tribute is expected to enhance operational efficiency and provide more flexibility for future asset sales [95][102]

Core Insights - Park Hotels & Resorts reported $625 million in revenue for Q4 2024, a year-over-year decline of 4.9% and an EPS of $0.39 compared to $0.88 a year ago, indicating a significant drop in profitability [1] - The revenue exceeded the Zacks Consensus Estimate of $602.92 million by 3.66%, while the EPS fell short of the consensus estimate of $0.40 by 2.50% [1] Financial Performance Metrics - Comparable RevPAR growth was -1.4%, better than the estimated -3.6% by analysts [4] - The occupancy rate was reported at 69.9%, slightly below the average estimate of 70.5% [4] - Room revenues reached $376 million, surpassing the average estimate of $361.10 million, but represented a year-over-year decline of 5.3% [4] - Ancillary hotel revenues were $60 million, exceeding the average estimate of $56.66 million, with a year-over-year decline of 1.6% [4] - Food and beverage revenues totaled $167 million, above the estimated $162.22 million, reflecting a year-over-year decrease of 6.2% [4] - Other revenues were reported at $22 million, slightly above the average estimate of $21.71 million, showing a year-over-year increase of 4.8% [4] - Diluted EPS was reported at $0.32, significantly higher than the average estimate of $0.07 [4] Stock Performance - Shares of Park Hotels & Resorts have returned -4.4% over the past month, contrasting with the Zacks S&P 500 composite's +2.4% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Financial Performance - Park Hotels & Resorts reported quarterly funds from operations (FFO) of $0.39 per share, missing the Zacks Consensus Estimate of $0.40 per share, and down from $0.52 per share a year ago, representing an FFO surprise of -2.50% [1] - The company posted revenues of $625 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.66%, but down from $657 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus FFO estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Park Hotels & Resorts shares have lost about 6.5% since the beginning of the year, while the S&P 500 has gained 4.2% [3] - The current consensus FFO estimate for the coming quarter is $0.51 on revenues of $635.26 million, and for the current fiscal year, it is $2.21 on revenues of $2.65 billion [7] Industry Outlook - The REIT and Equity Trust - Other industry, to which Park Hotels & Resorts belongs, is currently in the bottom 34% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Park Hotels & Resorts may be influenced by the overall outlook for the industry, as empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions [5][8]

Exhibit 99.2 About Park and Safe Harbor Disclosure About Park Hotels & Resorts Inc. Park (NYSE: PK) is one of the largest publicly-traded lodging real estate investment trusts ("REIT") with a diverse portfolio of iconic and market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 40 premium-branded hotels and resorts with approximately 25,000 rooms primarily located in prime city center and resort locations. Visit www.pkhotelsandresorts.com for ...

– ACTIVATE-Kids is the First Study to Demonstrate Efficacy of an Oral Therapy for Children with PK Deficiency Who Are Not Regularly Transfused – – Safety Results Consistent with Safety Profile for Mitapivat Previously Observed in Adults with PK Deficiency Who Are Not Regularly Transfused – – First Mitapivat Pediatric Clinical Program for a Rare Hemolytic Anemia; Double-blind Period Completed for Both PK Deficiency Trials ACTIVATE-Kids and ACTIVATE-KidsT – CAMBRIDGE, Mass., Feb. 13, 2025 (GLOBE NEWSWIRE) -- ...

Albert Anthony is the pen name / stage name of markets analyst, contributor & host of The Future Investor, on the global investor platform Seeking Alpha, where he has covered over +200 companies, provides general markets commentary, and rates stocks in multiple sectors, while having grown a fan base of over +1K followers since 2023. Going beyond the investor platform, he is also a hobby investor of his own home-based fund called The Future Investor Fund, and talks investor topics on his Future Investor Chan ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the ...

Park Hotels & Resorts (PK) has been beaten down lately with too much selling pressure. While the stock has lost 6.1% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator ...

Company Overview - Park Hotels & Resorts Inc (NYSE: PK) is a REIT specializing in hotels and luxury properties, spun off from Hilton (HLT) in 2017 [1] - The company's shares are currently trading at the lower end of their historical range [1] Investment Strategy - The analyst focuses on long-term ownership rather than short-term price movements, emphasizing valuations over target prices [1] - The approach involves writing articles as if they are letters to the future self, allowing ideas to evolve over time [1] - The analyst has simplified their rating system to "Buy or Don't Buy," with most articles now being either Buy or Hold [1] - No Strong Buy ratings have been issued as of March 2024 [1] Analyst Background - The analyst began investing as an individual value investor in 2020, focusing on understanding business fundamentals and buying at attractive prices [1] - From May 2022 to May 2023, the analyst worked as an investment advisory representative at Fidelity Investments [1] - Currently, the analyst is self-employed through other ventures [1]

TYSONS, Va., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") today announced that the Company has issued its annual Corporate Responsibility ("CR") Report, which details Park's environmental, social and governance performance and initiatives during 2023 as well as the Company's corporate responsibility strategy and approach to risk management. In addition, Park is pleased to recognize six of its hotels and resorts for earning ENERGY STAR certifications for su ...