PK stock news

TYSONS, Va.--(BUSINESS WIRE)---- $PK #dividend--Park Hotels and Resorts announces fourth quarter dividend of $0.55 per share. Read more
TYSONS, Va.--(BUSINESS WIRE)---- $PK #pk--Park Hotels & Resorts completes full renovation and repositioning of The Reach Key West, Curio Collection by Hilton. Read more
TYSONS, Va.--(BUSINESS WIRE)---- $PK #capitalrecycling--Park Hotels & Resorts announces the sale of the Conrad Dublin. Read more
TYSONS, Va.--(BUSINESS WIRE)---- $PK #earnings--Park Hotels & Resorts reports third quarter 2019 results. Read more
Some of the companies with shares expected to trade actively in Thursday’s session include Qualcomm, Williams, Park Hotels & Resorts and Lam Research. Read more
Park Hotels & Resorts Inc. (PK) delivered FFO and revenue surprises of -3.57% and 1.53%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock? Read more
Park Hotels & Resorts' (PK) shedding of non-core assets for $166 million comes as part of its capital-recycling efforts, helping substantially lower the company's leverage ahead of its proposed merger. Read more
PK earnings call for the period ending March 31, 2019. Read more
The hotel real estate investment trusts Park Hotels & Resorts (NYSE: PK ) and Chesapeake Lodging Trust (NYSE: CHSP ) announced a $2.7-billion merger Monday. What Happened Under the terms of the deal, Park Hotels will acquire all outstanding Chesapeake shares, creating a combined company with an estimated enterprise value of $12 billion. Chesapeake shareholders will receive $11 in cash and 0.628 of a share of Park common stock for each Chesapeake share they hold, according to Monday's press release. "Upon closing, Park stockholders and Chesapeake shareholders will own approximately 84% and 16% of the combined company, respectively," according to the companies. The merger has received approval … Full story available on Benzinga.com Read more
https://www.investing.com/analysis/park-hotels--resorts-inc-pk-lags-q1-ffo-and-revenue-estimates-200417213 Read more
Park Hotels & Resorts Inc. said Monday it has entered an agreement to acquire Chesapeake Lodging Trust in a cash-and-stock deal valued at about $2.7 billion. The combined company will have an estimated enterprise value of $12 billion and be second biggest lodging REIT, the company said in a statement. Under the terms of the deal, Chesapeake shareholders will receive $11 in cash and 0.628 of Park share for each Chesapeake share owned. The exchange ratio is equal to $31 per Chesapeake share, and offers an 11% premium over the stock's trailing 10-day volume weighted average price and 8% over its closing stock price May 3. The deal is expected to close in late third quarter or early fourth quarter. Park is planning to sell five non-core hotels before closing. Neither stock was active premarket. Park has gained 12.5% in the last 12 months, while the S&P 500 has gained 10.6%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. Read more
Hotel owner Park Hotels & Resorts Inc on Monday agreed to buy smaller rival Chesapeake Lodging Trust in a cash and stock deal valued at $2.7 billion that would create the second biggest lodging real estate investment trust in the United States. Read more
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