<div id="readability-page-1">Tysons, Virginia - Park Hotels &amp; Resorts Inc. (NYSE:PK) has announced updates on their non-core disposition efforts and fourth quarter operating performance. The company has either sold or made agreements to sell five non-core hotels so far this year, expecting gross proceeds of around $198 million at an average multiple of approximately 43x. The sold properties include the 316-room Hyatt, among others.</div>

<p>Tysons, Virginia - Park Hotels & Resorts Inc. (NYSE:PK) has announced updates on their non-core disposition efforts and fourth quarter operating performance. The company has either sold or made agreements to sell five non-core hotels so far this year, expecting gross proceeds of around $198 million at an average multiple of approximately 43x. The sold properties include the 316-room Hyatt, among others.</p>

Park Hotels & Resorts sells 5 non-core hotels for $198 million, with average multiple of nearly 43x.