Flash FinanceUS
Market closed S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Park Hotels & Resorts (PK)

Park Hotels cuts 2024 adjusted EBITDA outlook to $635 million to $655 million

Negative Impact 4 of 5 guidance Written later

Park Hotels & Resorts reinstated its full-year 2024 guidance on November 11, 2024, after labor agreements were ratified at four hotels in Hawaii, Seattle and Boston. The new outlook is lower than the July 31, 2024 outlook on every headline measure shown, including adjusted EBITDA, net income, diluted EPS and adjusted FFO per share. Shareholders face a lower earnings range for 2024, along with a fourth-quarter dividend expected to be $0.60 to $0.66 per share.

Key points

  • Adjusted EBITDA outlook is $635 million to $655 million, versus $660 million to $690 million on July 31, 2024.
  • Diluted EPS outlook is $0.68 to $0.77, versus $0.69 to $0.83 previously; adjusted FFO per share is $2.00 to $2.10, versus $2.10 to $2.26.
  • Preliminary October 2024 Comparable RevPAR fell 1.3% from October 2023; excluding the four affected hotels it rose 3.5%.

The filing

CompanyPark Hotels & Resorts (PK)
Form8-K, current report
Filed with the SECNov 12, 2024, 6:59 AM ET
Accession number0001617406-24-000072

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 12, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.