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Park Hotels & Resorts Inc. — Third Quarter 2026 Earnings Summary

Park Hotels & Resorts Inc. reported a net loss of $15 million for the third quarter of 2026, while Adjusted EBITDA rose 4.0% to $135 million compared to the prior year period. Comparable RevPAR increased 8.4% to $201.02, driven by strong group and leisure demand across the portfolio, including significant growth at Hawaii properties despite storm impacts. The company advanced its strategic initiatives by selling two non-core hotels for approximately $31 million and fully repaying a $1.275 billion mortgage loan secured by the Hilton Hawaiian Village. Additionally, Park raised its full-year 2026 outlook, projecting comparable RevPAR growth between 5.5% and 6.0% and Adjusted EBITDA between $635 million and $645 million.

Company
PARK HOTELS & RESORTS INC
Sector
Real Estate
Industry
REIT - Hotel & Motel