Park Hotels & Resorts Inc. (NYSE:PK) Q1 2022 Earnings Conference Call May 2, 2022 11:00 AM ET
Company Participants
Ian Weissman - Senior Vice President, Corporate Strategy
Tom Baltimore - Chairman and Chief Executive Officer
Sean Dell'Orto - Chief Financial Officer
Conference Call Participants
Smedes Rose - Citi
Floris Van Dijkum - Compass Point
Anthony Powell - Barclays Capital
Chris Woronka - Deutsche Bank
Dany Asad - Bank of America
Ari Klein - BMO Capital Markets
Jay Kornreich - SMBC
Bill Crow - Raymond James
Stephen Grambling - Goldman Sachs
Neil Malkin - Capital One
Robin Farley - UBS
Patrick Scholes - Truist
Christopher Darling - Green Street
David Katz - Jefferies
Operator
Greetings, and welcome to Park Hotels & Resorts' First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Ian Weissman, Senior Vice President, Corporate Strategy. Thank you. You may begin.
Ian Weissman
Thank you, Operator, and welcome everyone to the Park Hotels & Resorts first quarter 2022 earnings call.
Before we begin, I would like to remind everyone that many of the comments made today are considered forward-looking statements under federal securities laws. As described in our filings with the SEC, these statements are subject to numerous risks and uncertainties that could cause future results to differ from those expressed, and we are not obligated to publicly update or revise these forward-looking statements. Actual performance, outcomes, and results may differ materially from those expressed in forward-looking statements. Please refer to the documents files by Park with SEC, specifically the most recent reports on Forms 10-K and 10-Q, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.
In addition, on today's call, we will discuss certain non-GAAP financial information, such as FFO adjusted EBITDA. You can find this information together with reconciliations to the most directly comparable GAAP financial measure in this morning's earnings release, as well as in our 8-K filed with the SEC, and the supplemental information available on our Web site at pkhotelsandresorts.com.
This morning, Tom Baltimore, our Chairman and Chief Executive Officer, will provide a review of Park's first quarter performance and outlook over the balance of this year. Sean Dell'Orto, our Chief Financial Officer, will provide additional color on first quarter results, as well as more detail on our balance sheet and liquidity, as well as provide additional information on second quarter performance. Following our prepared remarks, we will open the call for questions.