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
4 questions for PK
Also covers: CAR, DRH, FUN +13 more
DK
David Katz
Jefferies Financial Group Inc.
4 questions for PK
Also covers: AGS, BALY, BYD +34 more
Duane Pfennigwerth
Evercore ISI
4 questions for PK
Also covers: AAL, ALGT, ALK +18 more
Chris Darling
Green Street
3 questions for PK
Also covers: APLE, DRH, GLPI +6 more
Floris Gerbrand van Dijkum
Compass Point Research & Trading, LLC
3 questions for PK
Also covers: AKR, ALX, APLE +14 more
Jay Kornreich
Wedbush Securities
3 questions for PK
Also covers: APLE, BNL, EPRT +6 more
RF
Robin Farley
UBS
3 questions for PK
Also covers: CCL, CHH, CUK +17 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, INN, SHO +2 more
DK
Dori Kesten
Wells Fargo & Company
2 questions for PK
Also covers: APLE, BRX, DRH +14 more
PS
Patrick Scholes
Truist Financial Corporation
2 questions for PK
Also covers: CCL, CHH, CUK +12 more
SR
Smedes Rose
Citigroup
2 questions for PK
Also covers: ADC, DRH, EPR +16 more
CS
Charles Scholes
Not Disclosed
1 question for PK
Also covers: ABNB, CERT, CHH +8 more
CC
Cooper Clark
Wells Fargo
1 question for PK
Also covers: APLE, AVB, BRX +16 more
DP
Daniel Politzer
Wells Fargo
1 question for PK
Also covers: BYD, CCL, CHDN +20 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 +19 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 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
PK Reports Q3 2025 Financials, Updates Outlook, and Details Debt Management Actions
PK
Earnings
Guidance Update
Debt Issuance
- Park reported a net loss attributable to stockholders of $(16) million and diluted loss per share of $(0.08) on $610 million in total revenues for Q3 2025.
- For the full-year 2025, the company projects a net loss attributable to stockholders between $(66) million and $(41) million, and diluted loss per share between $(0.33) and $(0.21).
- The full-year 2025 Adjusted EBITDA outlook is between $595 million and $620 million, with Comparable RevPAR expected to decline between (2.5)% and (1.8)% compared to 2024.
- As of September 30, 2025, Net Debt stood at $3,706 million, resulting in a Net Debt to TTM Comparable Adjusted EBITDA ratio of 6.23x.
- In September 2025, Park amended its credit agreement, upsizing its revolver to $1 billion and adding a new $800 million delayed draw term loan to address upcoming mortgage loan maturities.
Oct 31, 2025, 3:00 PM
Park Hotels & Resorts Inc. Reports Q3 2025 Results and Updates Full-Year Guidance
PK
Earnings
Guidance Update
Dividends
- Park Hotels & Resorts Inc. (PK) reported Q3 2025 RevPAR declined 6% to $181, with total hotel revenues of $585 million, adjusted EBITDA of $130 million, and adjusted FFO per share of $0.35.
- The company updated its full-year 2025 guidance, expecting RevPAR growth to be down around 2% at the midpoint, adjusted EBITDA of $608 million, and adjusted FFO per share of $1.91 at the midpoint, reflecting weaker Q3 results and continued softness in leisure demand, compounded by the government shutdown.
- PK declared a Q4 cash dividend of $0.25 per share, translating to an annualized yield of approximately 9%, but will not declare a top-off dividend for 2025, preserving over $50 million for strategic initiatives and debt reduction.
- Strategic initiatives include increasing total liquidity to $2.1 billion through an upsized corporate credit facility , deploying over $325 million in high-ROI reinvestments with returns approaching 20% , and continuing efforts to divest its remaining 15 non-core hotels.
Oct 31, 2025, 3:00 PM
Park Hotels & Resorts Inc. Reports Q3 2025 Results and Updates Full-Year Outlook
PK
Earnings
Guidance Update
Debt Issuance
- Park Hotels & Resorts Inc. reported a net loss of $(14) million and diluted loss per share of $(0.08) for Q3 2025, with Adjusted EBITDA of $130 million.
- Comparable RevPAR for Q3 2025 was $180.93, a (6.1)% decrease compared to the same period in 2024, or a (4.9)% decrease when excluding the Royal Palm South Beach Miami due to renovation.
- The company significantly increased its liquidity to approximately $2.1 billion as of September 30, 2025, by upsizing its Revolver to $1 billion and obtaining an $800 million senior unsecured delayed draw term loan facility.
- For the full-year 2025, Park Hotels & Resorts Inc. expects a net loss between $(60) million and $(35) million, and Adjusted EBITDA between $595 million and $620 million. Diluted Adjusted FFO per share is projected to be between $1.85 and $1.97.
Oct 30, 2025, 8:16 PM
Park Hotels & Resorts Inc. Recasts $2 Billion Credit Facilities
PK
Debt Issuance
- Park Hotels & Resorts Inc. (PK) successfully amended and restated its existing credit agreement on September 17, 2025, increasing the aggregate capacity under its Credit Facilities to $2 billion.
- The senior secured revolving credit facility (Revolving Facility) was increased from $950 million to $1 billion, and its termination date was extended from December 1, 2026, to September 17, 2029.
- A new senior unsecured delayed draw term loan facility (2025 Term Facility) of up to $800 million was added, available for up to one year after closing, with a scheduled maturity date of January 2, 2030.
- Park intends to draw from the 2025 Term Facility in 2026 to fully repay a $123 million secured mortgage loan maturing in July 2026, and, with a subsequent financing, fully repay a $1.275 billion secured mortgage loan maturing in November 2026.
- Borrowings under the Credit Facilities will bear interest at a SOFR rate plus a margin, and the Credit Agreement includes financial maintenance covenants, such as a Leverage Ratio of not more than 7.25 to 1.00.
Sep 17, 2025, 8:19 PM
Park Hotels & Resorts Outlines Q1 2025 Investment Strategy
PK
New Projects/Investments
Dividends
Share Buyback
- The presentation details Park Hotels & Resorts Inc.'s strategy to be a leading lodging REIT with a portfolio of 39 hotels, approximately 25K rooms, a $5.8B enterprise value, and a 9.2x EBITDA multiple.
- It highlights capital allocation activities including the acquisition of Chesapeake Lodging Trust for $2.5B, disposal of 46 hotels for over $3B, and a robust $1B ROI pipeline aimed at enhancing value.
- The document emphasizes strong financial flexibility with $1.2B liquidity, an attractive 9.7% dividend yield, and significant renovation projects like a $103M Royal Palm South Beach transformation.
Jun 2, 2025, 12:00 AM
Quarterly earnings call transcripts for Park Hotels & Resorts.
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