Earnings ·
Park Hotels & Resorts Inc. reported second quarter 2026 results with net income of $50 million and diluted earnings…
PKPark Hotels & Resorts Inc.
Park Hotels & Resorts Inc. reported second quarter 2026 results with net income of $50 million and diluted earnings per share of $0.24, compared to a loss in the prior year period. Adjusted EBITDA rose 8.6% to $198 million, while comparable RevPAR increased 5.8% to $216.87. The company exited four non-core hotels for approximately $65 million in gross proceeds and announced an updated full-year 2026 outlook with diluted EPS guidance of $0.35 to $0.45. Park declared a third quarter cash dividend of $0.25 per share, payable on October 15, 2026, to shareholders of record as of September 30, 2026. The company operates in the lodging real estate investment trust (REIT) industry, owning and managing a portfolio of premium hotels and resorts.