Park Hotels & Resorts Inc

NYSE:PK   3:59:59 PM EDT
21.17
+0.44 (+2.12%)
Debt Financing / Related, Layoffs, Other Pre-Announcement

Park Hotels & Resorts Says Reopened 14 Hotels Since June

Published: 09/14/2020 12:36 GMT
Park Hotels & Resorts Inc (PK) - Park Hotels & Resorts Inc - Reopened 14 Hotels Since June, Increasing Total Number of Hotels Open to 46 of 60 Hotels.
Park Hotels & Resorts Inc - Occupancy Improved to 32.3% for Park's 33 Consolidated Hotels Open During Entirety of July.
Park Hotels & Resorts Inc - Occupancy Improved to 38.8% for Park's 37 Consolidated Hotels Open During Entirety of August.
Park Hotels & Resorts Inc - Expects to Reopen an Additional 12 Hotels During 4th Quarter.
Park Hotels & Resorts Inc - Initiated Permanent Property-level Full-time Staff Reductions.
Park Hotels & Resorts Inc - Had Cash and Cash Equivalents of $1.248 Billion, Including $35 Million of Restricted Cash As of July 31, 2020.
Park Hotels & Resorts Inc - Expected Future Annual Savings of $50 Million to $70 Million From Staff Reductions.
Park Hotels & Resorts Inc - Estimates It Currently Has Approximately Two and a Half Years of Liquidity Available to Meet Its Financial Obligations.
Park Hotels & Resorts Inc - Entered Into Amendments to Its Revolver, Its $631 Million Term Loan Due December 2021 and Its Existing $670 Million Term Loan.
Park Hotels & Resorts Inc - September Credit Amendments Will Increase Commitments Under Revolver by $75 Million to $1.075 Billion.