Park Hotels & Resorts Inc. (NYSE:PK) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET
Company Participants
Ian Weissman - Senior Vice President, Corporate Strategy
Tom Baltimore - Chairman & Chief Executive Officer
Sean Dell'Orto - Chief Financial Officer
Conference Call Participants
Floris van Dijkum - Compass Point
Smedes Rose - Citi
Duane Pfennigwerth - Evercore ISI
Dany Asad - Bank of America
Bill Crow - Raymond James
Dori Kesten - Wells Fargo
Ari Klein - BMO Capital Markets
Anthony Powell - Barclays
Jay Kornreich - Wedbush
Chris Woronka - Deutsche Bank
Chris Darling - Green Street
Operator
Greetings, and welcome to the Park Hotels & Resorts Third Quarter 2023 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 third quarter 2023 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 future performance, outcomes and results may differ materially from those expressed forward-looking statements. Please refer to documents filed by Park with the SEC, specifically the most recent reports on Form 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 and adjusted EBITDA. You can find this information together with reconciliations to the most directly comparable GAAP financial measure in yesterday's earnings release as well as in our 8-K filed with the SEC and the supplemental financial information available on our website at pkhotelsandresorts.com.
Additionally unless otherwise stated, all operating results will be presented on a current basis and include all 41 consolidated hotels. In some instances, however, we will be discussing results on a comparable hotel basis with a comparable view excluding the two Hilton San Francisco hotels.