Park Hotels & Resorts Inc.

Park Hotels & Resorts Inc. Reports Third Quarter 2026 Results

Park Hotels & Resorts reported Q3 2026 Comparable RevPAR of $201.02, up 8.4% year-over-year, with Adjusted FFO per share of $0.39, up 11.2%. The company raised its full-year 2026 outlook: Comparable RevPAR to $205-$206, Adjusted EBITDA to $635-$645 million, and Adjusted FFO per share to $2.00-$2.05, while preliminary October RevPAR was up nearly 11%. GAAP results showed a $(15) million net loss and diluted EPS of $(0.10), and total revenue slipped 1.2% to $602 million. Park repaid the $1.275 billion Hilton Hawaiian Village mortgage using draws from its $800 million delayed draw term loan and $700 million Bonnet Creek mortgage, leaving roughly $1.3 billion of liquidity and $3.7 billion of Net Debt. A Q4 dividend of $0.25 per share was declared, an annualized yield of approximately 6%.

•4d ago

Park Hotels & Resorts Inc. Successfully Repays the $1.275 Billion CMBS Loan Secured by the Hilton Hawaiian Village Resort

Park Hotels & Resorts repaid the $1.275 billion CMBS loan secured by the Hilton Hawaiian Village Waikiki Beach Resort ahead of its November 1, 2026 maturity. The repayment was funded with a $700 million delayed-draw Bonnet Creek mortgage and a $600 million draw on its delayed-draw term loan facility. The move extends Park's weighted-average debt maturity by roughly 1.5 years to 3.1 years, leaves less than 11% of total debt maturing through 2027, and unencumbers one of its most iconic resort assets, giving management greater strategic flexibility.

•1mo ago

Park Hotels & Resorts Inc. Reports Second Quarter 2026 Results

Park Hotels & Resorts reported Q2 2026 Adjusted EBITDA of $198 million, up 8.6% year-over-year, driven by a 5.8% increase in Comparable RevPAR to $216.87. Net income attributable to stockholders was $47 million, or $0.24 per diluted share, while Adjusted FFO per share reached $0.70. Management raised its full-year 2026 outlook, projecting RevPAR between $198 and $201 and increasing Adjusted EBITDA guidance to a range of $617 million to $637 million. Adjusted FFO per share guidance was lifted to $1.90 to $2.00, citing broad-based demand and strong group revenue pacing into the third quarter. The company maintains $2.6 billion in liquidity to address upcoming debt maturities, including a planned prepayment of the Hilton Hawaiian Village mortgage in Q3. Park also completed $65 million in non-core asset dispositions and reopened the renovated Royal Palm South Beach Miami during the quarter.

•3mo ago

Park Hotels & Resorts Inc. Completes the Transformative Renovation of the Iconic Royal Palm South Beach Miami Hotel

Park Hotels & Resorts announced the reopening of the Royal Palm South Beach Miami following a comprehensive renovation exceeding $100 million. Management expects the investment to nearly double the hotel’s EBITDA upon stabilization, consistent with returns exceeding 15% to 20% achieved across similar projects. The revitalized property features 404 guestrooms, four new food and beverage concepts, and approximately 20,000 square feet of meeting space.

•3mo ago