Q1 2019 Park Hotels & Resorts Inc Earnings and Strategic Acquisition of Chesapeake Lodging Trust Call Transcript

Feb 11, 2024

May 06, 2019 / 01:00PM GMT
Operator

Greetings. Welcome to Park Hotels & Resorts Acquisitions and First Quarter 2019 Conference Call. (Operator Instructions) Please note, this conference is being recorded.

I will now turn the conference over to your host, Ian Weissman, Senior Vice President, Corporate Strategy. Thank you. You may begin.

Ian C. Weissman - Park Hotels & Resorts Inc. - SVP of Corporate Strategy

Good morning, and welcome, everyone. Earlier this morning, we issued a press release announcing Park's proposed $2.7 billion acquisition of Chesapeake Lodging Trust. If you haven't yet downloaded the release or detailed presentation, both are accessible on Park's website at pkhotelandresorts.com, as well as on Chesapeake's website at chesapeakelodgingtrust.com. Along with the acquisition announcement, we also released our first quarter 2019 operating results with the full press release and detailed supplemental package available on our website.

This morning, Tom Baltimore, Park's Chairman and CEO; and Sean Dell'Orto, EVP and CFO of Park, will discuss the strategic and

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