Park Hotels & Resorts Inc. Reports First Quarter 2026 Results

Park Hotels & Resorts Inc. announced its first quarter 2026 financial results, reporting a comparable RevPAR increase of 2.2% to $191.05 and a Core RevPAR increase of 1.5% to $210.52, excluding the Royal Palm South Beach Miami renovation. Net income was $12 million, with diluted earnings per share at $0.05 and diluted Adjusted FFO per share at $0.45. The company invested $83 million in capital improvements and sold two non-core hotels for $31 million. In April 2026, a new $700 million delayed draw loan facility was secured for the Bonnet Creek complex. The company declared a quarterly dividend of $0.25 per share. Park Hotels & Resorts also updated its full-year 2026 outlook, anticipating RevPAR between $192-$196 and Adjusted EBITDA of $587-$617 million.