Park Hotels & Resorts Inc. announced that it has terminated the employment of Robert D. Tanenbaum, Park’s former Executive Vice President, Asset Management. Mr. Tanenbaum was terminated by Park for cause after an investigation determined that he had engaged in a personal, inappropriate and consensual relationship with a Park employee as well as inappropriate communications, which relationship and communications violated Park policies and core values. Mr. Tanenbaum’s termination is unrelated to Park’s operational or financial performance. The Asset Management department will report into Park's Chief Financial Officer, Sean Dell’Orto, on an interim basis until a successor is named.