Park Hotels & Resorts Inc. announced the departure of Thomas C. Morey from his role as Executive Vice President and Chief Investment Officer, effective September 8, 2026. The separation was formalized via a Separation Agreement and Release dated September 9, 2026. Mr. Morey is entitled to severance payments and benefits consistent with the Company’s Executive Severance Plan for an Executive Vice President terminated without cause, subject to compliance with non-solicitation and non-competition obligations for twelve months following the separation date. The company operates in the hospitality industry, owning and managing luxury hotels.

On September 3, 2026, Park Hotels & Resorts Inc.'s Compensation Committee approved one-time restricted stock awards to retain key executives during a leadership transition. CEO Thomas J. Baltimore, Jr. received 331,564 shares; CFO Sean M. Dell’Orto received 165,782 shares; EVP Carl A. Mayfield received 99,469 shares; and EVP Nancy M. Vu received 66,312 shares. The awards vest in full on the fourth anniversary of the grant date, subject to continued employment, with accelerated vesting provisions for termination without cause or following a change in control. Park Hotels & Resorts Inc. operates in the hospitality industry, owning and managing luxury hotels.

Park Hotels & Resorts Inc. reported second quarter 2026 results with net income of $50 million and diluted earnings per share of $0.24, compared to a loss in the prior year period. Adjusted EBITDA rose 8.6% to $198 million, while comparable RevPAR increased 5.8% to $216.87. The company exited four non-core hotels for approximately $65 million in gross proceeds and announced an updated full-year 2026 outlook with diluted EPS guidance of $0.35 to $0.45. Park declared a third quarter cash dividend of $0.25 per share, payable on October 15, 2026, to shareholders of record as of September 30, 2026. The company operates in the lodging real estate investment trust (REIT) industry, owning and managing a portfolio of premium hotels and resorts.