TYSONS, Va., Sept. 09, 2022 (GLOBE NEWSWIRE) — Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) introduced right this moment that the Company has declared a 3rd quarter money dividend of $0.01 per share of frequent inventory. The dividend will likely be paid in money on October 17, 2022 to stockholders of document as of September 30, 2022.
Forward-Looking Statements
This press launch incorporates forward-looking statements throughout the which means 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 embody, however will not be restricted to, statements associated to Park’s present expectations relating to the efficiency of its business, monetary outcomes, liquidity and capital assets, together with anticipated dates that its inns will break even or obtain constructive Hotel Adjusted EBITDA, the influence to the Company’s business and monetary situation and that of its resort administration firms, measures being taken in response to COVID-19, the influence from macroeconomic components (together with inflation, will increase in rates of interest, potential financial slowdown or a recession and geopolitical conflicts), the consequences of competitors and the consequences of future laws or laws, the anticipated completion of anticipated tendencies, the declaration and cost of future dividends and different non-historical statements. Forward-looking statements embody all statements that aren’t historic info, and in some instances, may be recognized by the use of forward-looking terminology such because the phrases “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” “hopes” or the unfavorable model of these phrases or different comparable phrases. You shouldn’t depend on forward-looking statements since they contain recognized and unknown dangers, uncertainties and different components that are, in some instances, past the Company’s management and which might materially have an effect on its outcomes of operations, monetary situation, money flows, efficiency or future achievements or occasions. Currently, one of essentially the most important components continues to be the hostile impact of COVID-19, together with actions taken to include the pandemic or mitigate its results, the emergences of virus variants and resurgences, on the Company’s monetary situation, outcomes of operations, money flows and efficiency, its resort administration firms and its inns’ tenants, and the worldwide economy and monetary markets. Investors are cautioned to interpret many of the dangers recognized within the threat components included within the Company’s Annual Report on Form 10-Ok for the yr ended December 31, 2021 as being heightened in consequence of the continued and quite a few hostile results of COVID-19.
Forward-looking statements contain dangers, uncertainties and assumptions. Actual outcomes could differ materially from these expressed in these forward-looking statements. You shouldn’t put undue reliance on any forward-looking statements and Park urges buyers to fastidiously evaluation the disclosures Park makes regarding threat and uncertainties in Item 1A: “Risk Factors” in Park’s Annual Report on Form 10-Ok for the yr ended December 31, 2021, as such components could also be up to date every so often in Park’s filings with the SEC, that are accessible on the SEC’s web site at www.sec.gov. Except as required by legislation, Park undertakes no obligation to replace or revise publicly any forward-looking statements, whether or not in consequence of new data, future occasions or in any other case.
About Park Hotels & Resorts
Park is the second largest publicly traded lodging REIT with a various portfolio of market-leading inns and resorts with important underlying actual property worth. Park’s portfolio presently consists of 49 premium-branded inns and resorts with over 30,000 rooms primarily situated in prime metropolis middle and resort places. Visit www.pkhotelsandresorts.com for extra data.
For extra data, contact:
Ian Weissman
Senior Vice President, Corporate Strategy
571-302-5591
[email protected]
For further data or to obtain press releases by way of e-mail, please go to our web site at www.pkhotelsandresorts.com
