Flamingo Resort, Inc. v. United States

Park Hotels & Resorts Inc. Announces Lawsuit Related to $725 Million Non-Recourse CMBS Loan Secured By Two of its San Francisco Hotels

Retrieved on: 
Thursday, October 26, 2023

TYSONS, Va., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the trustee under the $725 million non-recourse CMBS loan (“Loan”), by and through its special servicer, filed a lawsuit against the borrower entities related to the cessation of payments on the Loan.

Key Points: 
  • TYSONS, Va., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the trustee under the $725 million non-recourse CMBS loan (“Loan”), by and through its special servicer, filed a lawsuit against the borrower entities related to the cessation of payments on the Loan.
  • In connection with the lawsuit, the trustee requested the appointment of a receiver to take control of the hotels securing the Loan – the 1,921-room Hilton San Francisco Union Square and the 1,024-room Parc 55 San Francisco.
  • Once appointed by the court, the receiver will have complete and exclusive control and possession of the hotels and will maintain Hilton and its workforce to manage the ongoing operations at the hotels.
  • The receivership will place control of the hotels as well as the benefits and burdens of their operations with the trustee and the court-appointed receiver.

BRAEMAR HOTELS & RESORTS ANNOUNCES DATE CHANGE FOR THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL

Retrieved on: 
Monday, October 16, 2023

Key Points: 
  • DALLAS, Oct. 16, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that it is moving its third quarter 2023 earnings release and earnings conference call to one day earlier.
  • Braemar plans to issue its earnings release for the third quarter after the market closes on Wednesday, November 8, 2023, and will host a conference call on Thursday, November 9, 2023, at 11:00 a.m.
  • A replay of the conference call will be available through Thursday, November 16, 2023, by dialing (647) 362-9199 and entering the confirmation number, 2925607.
  • Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.

BRAEMAR HOTELS & RESORTS ANNOUNCES DATE AND TIME CHANGE FOR THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL

Retrieved on: 
Monday, October 9, 2023

Key Points: 
  • DALLAS , Oct. 8, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that the Company has changed the scheduled date and start time of its third quarter 2023 earnings conference call.
  • ET.
  • Braemar plans to issue its earnings release for the third quarter after the market closes on Thursday, November 9, 2023, and will host a conference call on Friday, November 10, 2023, at 11:00 a.m.
  • Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.

BRAEMAR HOTELS & RESORTS SETS THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL DATES

Retrieved on: 
Tuesday, September 19, 2023

Key Points: 
  • DALLAS, Sept. 19, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced details for the release of its results for the third quarter ended September 30, 2023.
  • Braemar plans to issue its earnings release for the third quarter after the market closes on Wednesday, November 1, 2023, and will host a conference call on Thursday, November 2, 2023, at 12:00 p.m.
  • A replay of the conference call will be available through Thursday, November 9, 2023, by dialing (647) 362-9199 and entering the confirmation number, 2925607.
  • Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.

Independent Board Member and Former Fortune 500 Global Executive, Arlene Isaacs-Lowe to be Honored with The Executive Leadership Council 2023 Alvaro L. Martins Heritage Award

Retrieved on: 
Thursday, September 14, 2023

WASHINGTON, Sept. 14, 2023 /PRNewswire/ -- The Executive Leadership Council (ELC) announced today that it will honor Arlene Isaacs-Lowe with the prestigious 2023 Alvaro L. Martins Heritage Award during its 2023 Annual ELC Recognition Gala on Thursday, October 5, 2023 at the Gaylord National Resort and Convention Center, National Harbor, Maryland at 5:00 p.m. ET.

Key Points: 
  • The ELC is recognized as the preeminent global membership organization for Black current and former CEOs, senior executives, and board members of Fortune 1000 and equivalent companies, top-tier entrepreneurs, and global thought leaders.
  • Created in honor of The ELC's founding member and first president and CEO Alvaro L. Martins, the Heritage Award recognizes an individual who has made significant lifetime contributions toward supporting the achievement of Black individuals in business.
  • "Arlene's exceptional contributions to Black business executives and her passion for driving social impact are emblematic of what it means to serve.
  • "We are proud to honor her with the 2023 Alvaro L. Martins Heritage Award."

Park Hotels & Resorts Inc. Announces Third Quarter 2023 Earnings Conference Call On November 2, 2023

Retrieved on: 
Wednesday, September 13, 2023

TYSONS, Va., Sept. 13, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the third quarter 2023 after the stock market closes on November 1, 2023.

Key Points: 
  • TYSONS, Va., Sept. 13, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the third quarter 2023 after the stock market closes on November 1, 2023.
  • Park will hold a conference call on Thursday, November 2, 2023, at 10:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook.
  • The conference call will be accessible by telephone and through the internet.
  • Interested individuals are invited to participate by following these steps:
    Please dial (877) 451-6152, or (201) 389-0879 for international participants, and request Park Hotels & Resorts’ Third Quarter 2023 Earnings Conference Call.

Park Hotels & Resorts Inc. Announces Third Quarter Dividend of $0.15 Per Share

Retrieved on: 
Friday, September 8, 2023

TYSONS, Va., Sept. 08, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a third quarter cash dividend of $0.15 per share of common stock.

Key Points: 
  • TYSONS, Va., Sept. 08, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a third quarter cash dividend of $0.15 per share of common stock.
  • The dividend will be paid in cash on October 16, 2023 to stockholders of record as of September 29, 2023.

BRAEMAR HOTELS & RESORTS UNVEILS THE CAMEO BEVERLY HILLS, A REBRANDING OF THE MR. C BEVERLY HILLS, JOINING THE HILTON FAMILY OF BRANDS

Retrieved on: 
Wednesday, August 2, 2023

DALLAS, Aug. 1, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced the rebranding and planned conversion of its Mr. C Beverly Hills ("Mr. C") in Los Angeles, California to the Cameo Beverly Hills.

Key Points: 
  • DALLAS, Aug. 1, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced the rebranding and planned conversion of its Mr. C Beverly Hills ("Mr. C") in Los Angeles, California to the Cameo Beverly Hills.
  • Beginning August 4, 2023, Cameo Beverly Hills will be available for booking on Hilton's website at hilton.com and join Hilton Honors, Hilton's award-winning guest loyalty program.
  • Following an extensive renovation, which is expected to be completed by the end of 2025, the hotel will join LXR Hotels & Resorts ("LXR").
  • Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.

BRAEMAR HOTELS & RESORTS SETS SECOND QUARTER EARNINGS RELEASE AND CONFERENCE CALL DATES

Retrieved on: 
Monday, June 19, 2023

Key Points: 
  • DALLAS, June 19, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced details for the release of its results for the second quarter ended June 30, 2023.
  • Braemar plans to issue its earnings release for the second quarter after the market closes on Tuesday, August 1, 2023, and will host a conference call on Wednesday, August 2, 2023, at 12:00 p.m.
  • A replay of the conference call will be available through Wednesday, August 9, 2023, by dialing (412) 317-6671 and entering the confirmation number, 13739430.
  • Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.

Monarch Gaming drives guest satisfaction with QCI's AI Algorithms

Retrieved on: 
Thursday, June 15, 2023

SAN DIEGO, June 15, 2023 /PRNewswire/ -- "We, at Monarch Casino & Resort Inc., have always placed guest satisfaction at the core of our operations.

Key Points: 
  • SAN DIEGO, June 15, 2023 /PRNewswire/ -- "We, at Monarch Casino & Resort Inc., have always placed guest satisfaction at the core of our operations.
  • Ensuring an exceptional gaming experience is paramount to us.
  • For this, we have been making extensive use of QCI Slots' customer-centric tools to optimize and enhance this experience.
  • We were honored to have been chosen by Monarch to be their business intelligence partner," commented Andrew Cardno, CTO of QCI.