Park Hotels & Resorts Inc (PK) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.695 Greetings and welcome to the Park Hotels and Resorts fourth quarter 2025 earnings conference 00:00:04.695 -- 00:00:09.199 call. At this time, all participants are in a listen-only mode. 00:00:09.199 -- 00:00:13.183 A question and answer session will follow the formal presentation. 00:00:13.183 -- 00:00:17.106 If anyone should require operator assistance, please press star zero on your telephone 00:00:17.106 -- 00:00:18.528 keypad. 00:00:18.528 -- 00:00:21.971 As a reminder, this conference is being recorded. 00:00:21.971 -- 00:00:27.395 It is now my pleasure to introduce Ian Weissman, Senior Vice President, Corporate Strategy. 00:00:27.395 -- 00:00:29.776 Please go ahead. 00:00:30.220 -- 00:00:35.005 Thank you, operator, and welcome everyone to the Park Hotels and Resorts fourth quarter 00:00:35.005 -- 00:00:40.070 and full year 2025 earnings call. Before we begin, I would like to 00:00:40.070 -- 00:00:44.956 remind everyone that many of the comments made today are considered forward-looking statements 00:00:44.956 -- 00:00:50.381 under federal securities laws. As described in our filings with the SEC, these statements 00:00:50.381 -- 00:00:55.527 are subject to numerous risks and uncertainties that could cause future results to differ 00:00:55.527 -- 00:01:00.853 from those expressed. and we are not obligated to publicly update or revise these forward-looking 00:01:00.853 -- 00:01:06.139 statements. Actual future performance, outcomes, and results may differ materially 00:01:06.139 -- 00:01:09.202 from those expressed in forward-looking statements. 00:01:09.202 -- 00:01:14.207 Please refer to the documents filed by PARCC with the SEC, specifically the most 00:01:14.207 -- 00:01:19.272 recent reports on Forms 10-K and 10-Q, which i...