Earnings ·
Park Hotels Reports Q3 Adjusted EBITDA of $135M, raises full-year outlook
PKPark Hotels & Resorts Inc.
Park Hotels & Resorts Inc. reported third-quarter 2026 results with Comparable RevPAR increasing 8.4% year-over-year to $201.02 and Core RevPAR rising 8.1% to $213.66. The company posted a net loss of $15 million, or $(0.10) per diluted share, while Adjusted EBITDA grew 4.0% to $135 million. Diluted Adjusted FFO per share increased 11.2% to $0.39. Management raised its full-year 2026 outlook for Comparable RevPAR and net income, citing strong group and leisure demand despite storm impacts in Hawaii. The company also declared a fourth-quarter cash dividend of $0.25 per share and completed the repayment of a $1.275 billion mortgage loan through refinancing.