park hotels  resorts inc pk said friday it was reinstating a dividend as the real estate investment trust focusing on hotels and resorts said it has seen a broadbased recovery in demand in february the company said it will pay a quarterly dividend of 1 cent a share on april 15 to shareholders of record on march 31 the reit said pro forma revenue per available room revpar in february was 11807 up 2043 from a year ago and 443 higher than january 2022 while the average daily rate of 22363 was 457 higher than a year ago and 92 above the january adr strong leisure demand in hawaii miami and key west helped to drive overall performance and occupancy continued to build across our urban portfolio of hotels improving sequentially by 15 percentage points to 40 while average rate increased nearly 20 during the month of february  further signs of a business recovery beginning to take shape said park chief executive thomas baltimore the stock which was still inactive in premarket trading has gained 19 over the past three months while the sp 500 spx has lost 96