Earnings summaries and quarterly performance for Park Hotels & Resorts.
Executive leadership at Park Hotels & Resorts.
Thomas J. Baltimore, Jr.
Detailed
Chairman, President and Chief Executive Officer
CEO
CA
Carl A. Mayfield
Detailed
Executive Vice President, Design and Construction
JC
Jill C. Olander
Detailed
Executive Vice President, Human Resources
NM
Nancy M. Vu
Detailed
Executive Vice President, General Counsel and Secretary
SM
Sean M. Dell’Orto
Detailed
Executive Vice President, Chief Financial Officer and Treasurer
TC
Thomas C. Morey
Detailed
Executive Vice President and Chief Investment Officer
Board of directors at Park Hotels & Resorts.
CB
Christie B. Kelly
Detailed
Director
GM
Geoffrey M. Garrett
Detailed
Director
PM
Patricia M. Bedient
Detailed
Director
SI
Stephen I. Sadove
Detailed
Lead Independent Director
TD
Terri D. McClements
Detailed
Director
TA
Thomas A. Natelli
Detailed
Director
TD
Thomas D. Eckert
Detailed
Director
TJ
Timothy J. Naughton
Detailed
Director
Research analysts who have asked questions during Park Hotels & Resorts earnings calls.
Chris Woronka
Deutsche Bank AG
6 questions for PK
Also covers: CAR, DRH, FUN +13 more
DK
David Katz
Jefferies Financial Group Inc.
6 questions for PK
Also covers: AGS, BALY, BYD +36 more
Duane Pfennigwerth
Evercore ISI
6 questions for PK
Also covers: AAL, AERO, ALGT +19 more
RF
Robin Farley
UBS
5 questions for PK
Also covers: CCL, CHH, CUK +17 more
Jay Kornreich
Wedbush Securities
4 questions for PK
Also covers: APLE, BNL, CTO +10 more
SR
Smedes Rose
Citigroup
4 questions for PK
Also covers: ADC, ALX, DEA +19 more
Chris Darling
Green Street
3 questions for PK
Also covers: APLE, DRH, GLPI +6 more
CC
Cooper Clark
Wells Fargo
3 questions for PK
Also covers: APLE, AVB, BRX +17 more
Floris Gerbrand van Dijkum
Compass Point Research & Trading, LLC
3 questions for PK
Also covers: AKR, ALX, APLE +14 more
Ari Klein
BMO Capital Markets
2 questions for PK
Also covers: AMT, APLE, CCI +9 more
AK
Aryeh Klein
BMO Capital Markets
2 questions for PK
Also covers: APLE, CLDT, DLR +7 more
BR
Bennett Rose
Citigroup
2 questions for PK
Also covers: ADC, DRH, EPR +8 more
Dany Asad
Bank of America
2 questions for PK
Also covers: CHH, HST, INN +3 more
DK
Dori Kesten
Wells Fargo & Company
2 questions for PK
Also covers: APLE, BRX, DRH +15 more
PS
Patrick Scholes
Truist Financial Corporation
2 questions for PK
Also covers: BYD, CCL, CHH +14 more
Rich Hightower
Barclays
2 questions for PK
Also covers: ADC, AMH, APLE +23 more
CS
Charles Scholes
Not Disclosed
1 question for PK
Also covers: ABNB, CERT, CHH +8 more
DP
Daniel Politzer
Wells Fargo
1 question for PK
Also covers: BYD, CCL, CHDN +20 more
DP
Dan Politzer
J.P. Morgan Chase & Co
1 question for PK
DP
Dan Politzer
Wells Fargo
1 question for PK
Also covers: BYD, CHDN, CHH +10 more
David Hargreaves
Barclays
1 question for PK
Also covers: BYD, IGT, LIND
Floris van Dijkum
Compass Point Research & Trading
1 question for PK
Also covers: AKR, ALX, APLE +21 more
Kenneth Billingsley
Compass Point Research & Trading LLC
1 question for PK
Also covers: APLE, CURB, DRH +5 more
Recent press releases and 8-K filings for PK.
Park Hotels & Resorts Reports Q4 and Full-Year 2025 Results and Issues 2026 Guidance
PK
Earnings
Guidance Update
New Projects/Investments
- Park Hotels & Resorts reported a 1% year-over-year RevPAR increase for Q4 2025, reaching approximately $182, with the core portfolio (excluding Royal Palm) demonstrating a 6% increase to nearly $216. For the full year 2025, RevPAR declined 2% versus 2024, and hotel adjusted EBITDA margin was 26.5%.
- The company issued 2026 guidance, forecasting RevPAR growth of flat to +2%, Adjusted EBITDA between $580 million and $610 million, and Adjusted FFO per share in the range of $1.73 to $1.89.
- Strategic priorities include continuing to reshape the portfolio by executing $120 million in non-core asset sales in 2025 and reinvesting in core hotels, such as the $108 million transformation of Royal Palm South Beach and a planned $96 million renovation of the Ali'i Tower at Hilton Hawaiian Village.
- In 2025, Park returned $245 million of capital through $200 million in dividends and $45 million in share repurchases, and declared a Q1 2026 cash dividend of $0.25 per share. The company also plans to refinance approximately $1.4 billion of debt in the second half of 2026.
7 days ago
Park Hotels & Resorts Reports Q4 2025 Results and Provides 2026 Outlook
PK
Guidance Update
Debt Issuance
New Projects/Investments
- Park Hotels & Resorts reported a nearly 1% year-over-year increase in RevPAR for Q4 2025, with its core portfolio RevPAR increasing 6% and core hotel Adjusted EBITDA margin expanding 230 basis points to 30%.
- The company provided 2026 guidance, forecasting RevPAR growth of flat to +2%, adjusted EBITDA between $580 million and $610 million, and adjusted FFO per share in the range of $1.73 to $1.89.
- Park Hotels & Resorts plans to address its $1.275 billion CMBS financing on Hilton Hawaiian Village maturing in early November 2026 by utilizing a delayed draw term loan and planned mortgage financing for its Bonnet Creek complex.
- Strategic initiatives include the execution of over $120 million in non-core asset sales in 2025 and significant capital allocation to redevelopment projects, such as the $108 million transformation of Royal Palm South Beach and a planned $96 million full-scale renovation of the Ali'i Tower at Hilton Hawaiian Village.
7 days ago
Park Hotels & Resorts Reports Q4 and Full-Year 2025 Results with Significant Net Loss
PK
Earnings
Guidance Update
- Park Hotels & Resorts reported a net loss attributable to stockholders of $(283) million for the full year 2025, a significant decline from a net income of $212 million in 2024, with diluted earnings per share falling to $(1.43). This was primarily driven by $319 million in impairment and casualty losses in 2025.
- The company's total assets decreased to $7,700 million as of December 31, 2025, from $9,161 million in 2024, and total stockholders' equity declined to $3,131 million from $3,645 million over the same period.
- Net Debt increased to $3,721 million as of December 31, 2025, from $3,582 million in 2024, leading to a higher Net Debt to Full-Year Current Adjusted EBITDA ratio of 6.15x compared to 5.61x.
- For the full year 2025, Total Revenues were $2,541 million. The company provided an Adjusted EBITDA outlook of $580 million to $610 million and an Adjusted FFO per share (diluted) outlook of $1.73 to $1.89. Park also continued its non-core asset dispositions, selling 2 hotels for $120.0 million in 2025.
7 days ago
Park Hotels & Resorts Announces Q4 2025 Results and 2026 Outlook
PK
Earnings
Guidance Update
New Projects/Investments
- Park Hotels & Resorts reported Q4 2025 RevPAR growth of nearly 1% year-over-year, or nearly 3% excluding Royal Palm, with core hotel Adjusted EBITDA margin expanding 230 basis points to 30%. For the full year 2026, the company forecasts RevPAR growth of flat to +2%, Adjusted EBITDA between $580 million and $610 million, and Adjusted FFO per share in the range of $1.73-$1.89.
- The company continued its strategy of reshaping its portfolio, executing over $120 million in non-core sales in 2025 and having sold or disposed of 51 hotels for over $3 billion over the past 9 years. They remain committed to materially reducing exposure to non-core assets by year-end 2026.
- Park invested nearly $300 million in CapEx in 2025 and plans $230 million-$260 million for 2026, including the $108 million Royal Palm redevelopment and a $96 million renovation of the Ali'i Tower at Hilton Hawaiian Village.
- The company plans to refinance approximately $1.4 billion of debt during the second half of 2026, including the $1.275 billion CMBS financing on Hilton Hawaiian Village, expecting an annualized increase in interest expense of roughly $20 million. In 2025, Park returned a total of $245 million to shareholders through dividends and share repurchases, and declared a cash dividend of $0.25 per share for Q1 2026.
7 days ago
Park Hotels & Resorts Inc. Reports Q4 and Full-Year 2025 Results, Strategic Dispositions, and 2026 Outlook
PK
Earnings
Guidance Update
Management Change
- Park Hotels & Resorts Inc. reported a net loss attributable to stockholders of $(205) million and diluted loss per share of $(1.04) for Q4 2025, which included $248 million of impairment expense. For the full year 2025, the net loss was $(283) million with a diluted loss per share of $(1.43), including $318 million of impairment expense.
- Operationally, Core RevPAR increased by 3.2% to $210.15 in Q4 2025 (or 5.7% excluding the Royal Palm South Beach Miami). The company continued its Non-Core hotel dispositions, exiting six hotels in 2025 for over $132 million in gross proceeds and selling one more in 2026 for $12.5 million. Park also invested nearly $300 million in capital improvements during 2025.
- The company repurchased approximately 3.5 million shares for $45 million in Q1 2025 and declared $1.00 of dividends in 2025. Additionally, Park amended its credit agreement in September 2025, increasing its revolving credit facility to $1 billion and obtaining an $800 million delayed draw term loan.
- For the year ending December 31, 2026, Park Hotels & Resorts Inc. projects Adjusted EBITDA to range between $580 million and $610 million. Sean M. Dell’Orto was also appointed as Chief Operating Officer.
Feb 19, 2026, 9:19 PM
Park Hotels & Resorts Plans Non-Core Asset Sales to Streamline Portfolio
PK
M&A
Guidance Update
New Projects/Investments
- Park Hotels & Resorts is actively reshaping its portfolio by selling non-core hotels, having generated approximately $198 million from five property sales in 2025, with three more planned by early 2026.
- The company expects total proceeds from these sales to range between $560 million and $600 million, which will be used for debt reduction and enhancing financial flexibility.
- The eight hotels being divested had an estimated 2025 average revenue per available room (RevPAR) of $124 and an Adjusted Hotel EBITDA margin of 7%, highlighting their low profitability.
- Despite external challenges, the company maintained steady RevPAR growth and reaffirmed its 2025 outlook; however, its stock has declined over 21% year-to-date.
Dec 9, 2025, 11:41 AM
Park Hotels & Resorts Updates Strategic Plan and Portfolio Performance
PK
New Projects/Investments
M&A
Guidance Update
- Park Hotels & Resorts is executing a strategic plan to dispose of its non-core hotels over the next 12+ months to enhance growth and portfolio quality.
- The company anticipates generating $560 million to $600 million in proceeds from the disposal of 16 non-core hotels, which is expected to reduce its leverage by 0.3x to 0.4x over the next two years.
- As of TTM Q3 2025, the core portfolio, comprising 20 hotels, reported a RevPAR of $218 and a Hotel Adjusted EBITDA Margin of 30%, with an expected $100 million+ in Adjusted EBITDA growth potential.
- Park maintains over $2 billion in liquidity and has a robust $1 billion ROI pipeline with potential internal rates of return (IRRs) of 15% to 20%.
Dec 9, 2025, 11:36 AM
Park Hotels & Resorts Updates on Non-Core Hotel Dispositions and Operating Trends
PK
Guidance Update
M&A
Revenue Acceleration/Inflection
- Park Hotels & Resorts has sold or entered into agreements to sell eight Non-Core hotels year-to-date, generating anticipated gross proceeds of approximately $198 million at an average multiple of nearly 43x.
- The company expects to dispose of the remaining marketable Non-Core hotels over the next 12 months to complete its portfolio transformation, aiming for a portfolio with an expected Comparable RevPAR of $218.
- These eight disposed/exited hotels generated minimal EBITDA in 2025, with an estimated 2025 average RevPAR of $124 and Adjusted Hotel EBITDA margin of 7%.
- Park reaffirms its full-year 2025 outlook and reported preliminary November Comparable RevPAR increased approximately 2% (excluding the Royal Palm South Beach Miami hotel), with Core hotels showing RevPAR growth of 3.8% in October and 5.5% in November.
Dec 9, 2025, 11:30 AM
Park Hotels & Resorts Details Strategic Focus on Core Assets and Non-Core Dispositions
PK
M&A
New Projects/Investments
Guidance Update
- Park Hotels & Resorts is executing a strategy to dispose of its remaining Non-Core hotels over the next 12+ months, with estimated proceeds of $560 million to $600 million expected to be used for debt paydown, projecting a 0.3x to 0.4x reduction in leverage.
- The company's Core portfolio, comprising 20 consolidated hotels and 16,000 rooms, reported a TTM 3Q25 RevPAR of $218 and a Hotel Adjusted EBITDA Margin of 30%, with an anticipated $100 million+ Adjusted EBITDA growth potential.
- Park maintains over $2 billion in liquidity and has no significant debt maturities until Q4 2026. The company also offers an attractive dividend yield of 9% and has returned nearly $1.3 billion to stockholders over the past three years through dividends and stock repurchases.
- A robust ROI pipeline of $1 billion in potential opportunities is underway, including the $103 million Royal Palm South Beach Miami transformative renovation which commenced in May 2025, aimed at enhancing value and portfolio quality.
Dec 8, 2025, 11:00 PM
Park Hotels & Resorts Completes $725M Sale of San Francisco Hotels
PK
M&A
New Projects/Investments
- Park Hotels & Resorts completed the sale of the Hilton San Francisco Union Square and Parc 55 San Francisco for $725 million, concluding a receivership process that began in October 2023.
- This transaction allowed Park to eliminate the associated $725 million non-recourse CMBS Loan and related accrued interest and fees, totaling $874 million as of late October 2025, from its balance sheet.
- The sale supports Park's strategic plan to divest non-core assets and focus on high-quality properties in key U.S. markets, while strengthening its financial position.
- Park maintains a strong liquidity position with a current ratio and quick ratio both at 2.5 and operates a portfolio of approximately 22,395 rooms across 36 hotels in the United States, primarily under Hilton brands.
Nov 24, 2025, 11:41 AM
Quarterly earnings call transcripts for Park Hotels & Resorts.
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