Quarterly ResultApr 30, 2026, 04:37 PM
PK Q1 Net Income $11M; EPS $0.05; RevPAR +2.2%; Raises Outlook
AI Summary
Park Hotels & Resorts Inc. reported strong first quarter 2026 results, with net income attributable to stockholders reaching $11 million, a significant turnaround from a loss of $57 million in the prior year. Diluted earnings per share improved to $0.05 from $(0.29) year-over-year. The company also announced the sale of two Non-Core hotels for $31 million and secured a new $700 million delayed draw loan facility. Reflecting its performance, Park Hotels & Resorts Inc. updated its full-year 2026 outlook, raising its RevPAR and Adjusted EBITDA expectations.
Key Highlights
- Q1 Net income attributable to stockholders was $11M, up from $(57)M in 1Q25.
- Q1 Diluted EPS was $0.05, a significant improvement from $(0.29) in 1Q25.
- Comparable RevPAR increased 2.2% to $191.05; Core RevPAR rose 1.5% to $210.52.
- Adjusted EBITDA for Q1 was $143M, slightly down from $144M in 1Q25.
- Sold two Non-Core hotels for $31M gross proceeds year-to-date 2026.
- Entered a new $700M Bonnet Creek Mortgage Loan facility in April 2026.
- Declared Q1 and Q2 cash dividends of $0.25 per share.
- Raised full-year 2026 RevPAR outlook to $192-$196 and Adjusted EBITDA to $587-$617M.