TYSONS, Va - Park Hotels & Resorts Inc. (NYSE: PK) (the 'Company') today announced the tax reporting information for its 2019 cash distributions on its Common Stock.

The distributions, totaling $1.90 per share, were paid as follows: $0.45 on April 15, 2019; $0.45 on July 15, 2019; $0.45 on October 15, 2019; and $0.55 on January 15, 2020.

For income tax purposes, the dividends for 2019, totaling $1.90 per share, are classified as $1.605405 (84.4950%) Total ordinary dividends and $0.294595 (15.5050%) Total capital gain distribution. The Total ordinary dividends include Section 199A dividends of $1.605405.

The following table summarizes the income tax treatment of the Company's 2019 dividends:

2019 Dividend Tax Reporting Information (Form 1099-DIV)

Park Hotels & Resorts Inc. Common Stock: PK CUSIP: 700517 105

Record Date		Payable Date	Dividend per Share	Total ordinary dividends (box 1a)
	Total capital	gain distr.(box 2a)	Section 199A dividends	(box 5)
March 29, 2019		April 15, 2019		$0.45		$0.389265	$0.060735

$0.389265

June 28, 2019		July 15, 2019		$0.45		$0.377423	0.072577

$0.377423

September 30, 2019	October 15, 2019	$0.45		$0.377423	$0.072577

$0.377423

December 31, 2019	January 15, 2020	$0.55		$0.461294	$0.088706

$0.461294

Totals					$1.90		$1.605405	$0.294595	$1.605405

About Park Hotels & Resorts

Park Hotels & Resorts Inc. (NYSE: PK) is the second largest publicly traded lodging real estate investment trust with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 62 premium-branded hotels and resorts with approximately 34,000 rooms primarily located in prime U.S markets with high barriers to entry.

For additional information or to receive press releases via e-mail, please visit our website at www.pkhotelsandresorts.com

Ian Weissman

Senior Vice President, Corporate Strategy

571-302-5591

iweissman@pkhotelsandresorts.com

Source: Park Hotels & Resorts Inc.

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