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.
Key figures
- Revenue
- 602000000
- Guidance
- FY2026 Comparable RevPAR $205-$206 (raised from $198-$201), Adjusted EBITDA $635M-$645M (raised from $617M-$637M), Adjusted FFO per diluted share $2.00-$2.05 (raised from $1.90-$2.00); diluted EPS $0.31-$0.36 (lowered from $0.35-$0.45)
- Revenue Yoy
- -1.2%
- Net debt
- $3.7 billion
- Net loss
- $15 million
- Liquidity
- $1.3 billion
- Affo per share
- 0.39
- Adjusted ebitda
- 135000000
- Core revpar yoy
- 8.1%
- Comparable revpar
- $201.02
- Affo per share yoy
- 11.2%
- Adjusted ebitda yoy
- 4.0%
- Comparable revpar yoy
- 8.4%
- Q4 dividend per share
- 0.25
- Dividend annualized yield
- approximately 6%
- October comparable revpar yoy
- nearly 11%
AI analysis
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