SCHEDULE: Bank of America Discloses Stake in Park Hotels & Resorts

Bank of America Corp /DE/ has updated its Schedule 13G filing, reporting a 4.9% beneficial ownership in Park Hotels & Resorts Inc. common stock as of June 30, 2026.

Summary

• Bank of America Corp /DE/ has filed an amendment to its Schedule 13G, reporting its beneficial ownership of Park Hotels & Resorts Inc. common stock.
• As of June 30, 2026, Bank of America Corp /DE/ beneficially owns 9,775,762 shares of common stock.
• This represents 4.9% of the class of securities.
• The filing indicates shared voting power for 9,769,187 shares and shared dispositive power for 9,775,762 shares.
• The reporting entity is Bank of America Corp /DE/, with its principal business office located at 100 N TRYON ST CHARLOTTE, NC 28255.
• The filing is made pursuant to Rule 13d-1(b) and the securities were acquired and are held in the ordinary course of business.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily an update on beneficial ownership rather than a performance or strategic announcement.

Positives

• Bank of America Corp /DE/ maintains a significant, though not controlling, stake in Park Hotels & Resorts Inc.
• The filing confirms that the shares are held in the ordinary course of business, suggesting stable, non-activist investment.

Negatives

• The filing does not provide any financial performance data or strategic insights for Park Hotels & Resorts Inc.

Risks

• The filing itself does not present new risks for Park Hotels & Resorts Inc.; it is a disclosure of ownership.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Park Hotels & Resorts Inc.'s future performance.

Management Comments

• "The beneficial ownership calculation relies on the 201,361,835 outstanding shares disclosed in the Form 10-Q by the issuer on May 1, 2026, which reports share totals as of April 24, 2026."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures for institutional investors crossing certain ownership thresholds. This filing indicates Bank of America's ongoing investment in the hospitality real estate sector, represented by Park Hotels & Resorts Inc.

Stakeholder Impact

• Shareholders of Park Hotels & Resorts Inc. are informed of a significant institutional investor's holdings.
• The filing reassures stakeholders that Bank of America's investment is not for the purpose of influencing control.

Next Steps

• Bank of America Corp /DE/ will continue to hold its shares in Park Hotels & Resorts Inc. in the ordinary course of business.
• Future amendments to Schedule 13G will be filed if ownership levels change significantly.

Key Dates

Keywords

Park Hotels & Resorts, Bank of America, Schedule 13G, Beneficial Ownership, Common Stock, Investment Holding