Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) today announced it is has taken various actions, independently and in coordination with its hotel management companies, to mitigate the effect on its business from the national emergency that has arisen as a result of the COVID-19 virus. At the hotel level, Park’s actions include the following –
- Park, in coordination with its hotel management companies, has developed detailed cost-cutting contingency plans to eliminate unnecessary costs at each hotel. The plans set forth both major and minor cost elimination and efficiency measures and are being implemented by Park’s hotel management companies at their respective hotels.
