menu search

PK / Park Hotels & Resorts makes ‘difficult, but necessary' decision stop payments on San Francisco CMBS loan

Park Hotels & Resorts makes ‘difficult, but necessary' decision stop payments on San Francisco CMBS loan
Shares of Park Hotels & Resorts Inc. PK, +5.77% fell 0.7% in premarket trading Monday after the lodging real estate investment trust (REIT) said it made the “very difficult, but necessary” decision to stop payments on its $725 million commercial mortgage-backed security (CMBS) loan secured by two of its San Francisco hotels. The REIT said it plans to work with the loan's servicers to determine the best path, which is expected to be the eventual removal of the hotels from its portfolio. Read More
Posted: Jun 5 2023, 07:04
Author Name: Market Watch
Views: 110755

PK News  

Here's What Key Metrics Tell Us About Park Hotels & Resorts (PK) Q3 Earnings

By Zacks Investment Research
November 1, 2023

Here's What Key Metrics Tell Us About Park Hotels & Resorts (PK) Q3 Earnings

While the top- and bottom-line numbers for Park Hotels & Resorts (PK) give a sense of how the business performed in the quarter ended September 2023, more_horizontal

Park Hotels & Resorts: Things Are Looking Up

By Seeking Alpha
October 18, 2023

Park Hotels & Resorts: Things Are Looking Up

Park Hotels & Resorts Inc. looks undervalued and is gaining operational momentum. The REIT's second-quarter financial results show growth in revenue p more_horizontal

Former Trophy Properties Have Become An Achilles' Heel For REIT Park Hotels & Resorts

By Seeking Alpha
October 16, 2023

Former Trophy Properties Have Become An Achilles' Heel For REIT Park Hotels & Resorts

Their urban hotels in San Francisco and New York face a bleak future. The latest results for their New York Hilton hotel are artificially high because more_horizontal

Park Hotels & Resorts Is A Risky Buy

By Seeking Alpha
August 4, 2023

Park Hotels & Resorts Is A Risky Buy

Park Hotels & Resorts is an attractive REIT with high dividend yield. The company's fundamentals are improving, with revenues almost back to pre-pande more_horizontal

Park Hotels & Resorts: San Francisco Headwinds Overshadowing Strong Recovery

By Seeking Alpha
August 4, 2023

Park Hotels & Resorts: San Francisco Headwinds Overshadowing Strong Recovery

Park Hotels & Resorts stock has a potential upside of 60% to my NAV estimate, and despite a lack of immediate catalyst, shares should eventually trade more_horizontal

Park Hotels & Resorts (PK) Reports Q2 Earnings: What Key Metrics Have to Say

By Zacks Investment Research
August 2, 2023

Park Hotels & Resorts (PK) Reports Q2 Earnings: What Key Metrics Have to Say

The headline numbers for Park Hotels & Resorts (PK) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhi more_horizontal

Park Hotels & Resorts (PK) Meets Q2 FFO Estimates

By Zacks Investment Research
August 2, 2023

Park Hotels & Resorts (PK) Meets Q2 FFO Estimates

Park Hotels & Resorts (PK) came out with quarterly funds from operations (FFO) of $0.60 per share, in line with the Zacks Consensus Estimate. This com more_horizontal

Park Hotels & Resorts Inc. Announces Second Quarter 2023 Earnings Conference Call on August 3, 2023

By GlobeNewsWire
June 12, 2023

Park Hotels & Resorts Inc. Announces Second Quarter 2023 Earnings Conference Call on August 3, 2023

TYSONS, Va., June 12, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial re more_horizontal


Search within

Pages Search Results: