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Park Hotels Reinstates 2024 Outlook: EPS Guidance Set Between $0.68-$0.77 Following Labor Agreements

Benzinga ·  Nov 11, 2024 19:22

Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) today announced its reinstated and updated full-year 2024 earnings guidance following the recent ratification of labor agreements between operators and labor unions at four of Park's hotels – the 2,860-room Hilton Hawaiian Village Waikiki Beach Resort (Honolulu), the 604-room Hilton Boston Logan Airport (Boston), the 850-room DoubleTree Hotel Seattle Airport (Seattle) and the 396-room Hilton Seattle Airport & Conference Center (Seattle).

"I am thrilled that our operators, who have been negotiating with the local unions representing the affected employees at the hotels, have successfully negotiated long-term labor agreements with hotel...

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