<SEC-DOCUMENT>0000814375-25-000054.txt : 20250815
<SEC-HEADER>0000814375-25-000054.hdr.sgml : 20250815
<ACCEPTANCE-DATETIME>20250815085613
ACCESSION NUMBER:		0000814375-25-000054
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250815
DATE AS OF CHANGE:		20250815

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Park Hotels & Resorts Inc.
		CENTRAL INDEX KEY:			0001617406
		STANDARD INDUSTRIAL CLASSIFICATION:	HOTELS & MOTELS [7011]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		EIN:				362058176
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-89753
		FILM NUMBER:		251222542

	BUSINESS ADDRESS:	
		STREET 1:		1775 TYSONS BLVD
		STREET 2:		7TH FLOOR
		CITY:			TYSONS
		STATE:			VA
		ZIP:			22102
		BUSINESS PHONE:		(571) 302-5757

	MAIL ADDRESS:	
		STREET 1:		1775 TYSONS BLVD
		STREET 2:		7TH FLOOR
		CITY:			TYSONS
		STATE:			VA
		ZIP:			22102

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Hilton Worldwide, Inc.
		DATE OF NAME CHANGE:	20140820

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DONALD SMITH & CO., INC.
		CENTRAL INDEX KEY:			0000814375
		ORGANIZATION NAME:           	
		EIN:				132807845
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	BUSINESS ADDRESS:	
		STREET 1:		152 W. 57TH STREET
		STREET 2:		29TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		212-284-0990

	MAIL ADDRESS:	
		STREET 1:		152 W. 57TH STREET
		STREET 2:		29TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SMITH DONALD & CO INC /NJ/
		DATE OF NAME CHANGE:	19990329
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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    <coverPageHeader>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>06/30/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001617406</issuerCik>
        <issuerName>Park Hotels &amp; Resorts Inc.</issuerName>
        <issuerCusip>700517105</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>1775 TYSONS BLVD</com:street1>
          <com:street2>7TH FLOOR</com:street2>
          <com:city>TYSONS</com:city>
          <com:stateOrCountry>VA</com:stateOrCountry>
          <com:zipCode>22102</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
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        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
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      <reportingPersonName>DONALD SMITH &amp; CO., INC.</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>11935506.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
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        <sharedDispositivePower>0.00</sharedDispositivePower>
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      <classPercent>6.0</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
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    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>DSCO Value Fund, L.P.</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>108671.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
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      <classPercent>6.0</classPercent>
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        <issuerName>Park Hotels &amp; Resorts Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>1775 TYSONS BLVD, 7TH FLOOR, TYSONS, VIRGINIA, 22102.</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Donald Smith &amp; Co.,Inc.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>152 West 57th Street
New York, NY 10019
</principalBusinessOfficeOrResidenceAddress>
        <citizenship>A Delaware Corporation</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>12,044,177</amountBeneficiallyOwned>
        <classPercent>6.03</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>Donald Smith &amp; Co., Inc. 	11,935,506
DSCO Value Fund, L.P.	108,671
</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>SEE ITEM 6</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>Donald Smith &amp; Co., Inc. 	11,935,506
DSCO Value Fund, L.P.	108,671
</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>SEE ITEM 6</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
        <classOwnership5PercentOrLess>N</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>N</notApplicableFlag>
        <ownershipMoreThan5PercentOnBehalfOfAnotherPerson><![CDATA[1. Donald Smith & Co., Inc. does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client?s custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. The ultimate power to direct the receipt of dividends paid with respect to, and the proceeds from the sale of, such securities, is vested in the institutional clients which Donald Smith & Co., Inc. serves as investment advisor. Any and all discretionary authority which has been delegated to Donald Smith & Co., Inc. may be revoked in whole or in part at any time. To the knowledge of Donald Smith & Co., Inc., with respect to all securities reported in this schedule owned by advisory clients of Donald Smith & Co., Inc., not more than 5% of the class of such securities is owned by any one client.2. With respect to the remaining securities owned, various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock of Park Hotels & Resorts Inc.  No one person?s interest in the Common Stock of Park Hotels & Resorts Inc. is more than five percent of the total outstanding Common Stock.]]></ownershipMoreThan5PercentOnBehalfOfAnotherPerson>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>N</notApplicableFlag>
        <identificationAndClassificationOfGroupMembers>SEE EXHIBIT A</identificationAndClassificationOfGroupMembers>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>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 &amp;#167; 240.14a-11.

</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>DONALD SMITH &amp; CO., INC.</reportingPersonName>
      <signatureDetails>
        <signature>Richard L. Greenberg</signature>
        <title>CEO and Co-CIO</title>
        <date>08/14/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>DSCO Value Fund, L.P.</reportingPersonName>
      <signatureDetails>
        <signature>Richard L. Greenberg</signature>
        <title>CEO and Co-CIO</title>
        <date>08/14/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>

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</SEC-DOCUMENT>
