Nov 4, 4:21 PM ET
Park Hotels & Resorts reported third quarter 2026 results, with Comparable RevPAR up 8.4% and Adjusted EBITDA up 4.0% from a year earlier, while the company still posted a net loss of $15 million. It raised its full-year 2026 Adjusted FFO per share and RevPAR outlook but lowered its full-year net income outlook, so the results point in different directions for shareholders.
- Third quarter net loss was $15 million, or $(0.10) per diluted share, compared with a net loss of $14 million and $(0.08) per share in the third quarter of 2025.
- Comparable RevPAR rose 8.4% to $201.02 and Adjusted EBITDA rose 4.0% to $135 million.
- Full-year 2026 Adjusted FFO per share outlook was raised to $2.00 to $2.05 from $1.90 to $2.00, while net income outlook was lowered to $70 million to $80 million from $78 million to $98 million.
- Park declared a fourth quarter 2026 cash dividend of $0.25 per share, payable January 15, 2027.
Read the filing on SEC.gov ↗
Sep 11, 6:01 AM ET
Park Hotels & Resorts said Executive Vice President and Chief Investment Officer Thomas C. Morey left the company effective September 8, 2026. He signed a Separation Agreement and Release on September 9, 2026, which provides severance under the company's Executive Severance Plan, subject to a seven-day revocation period and continued compliance with non-solicitation and non-competition terms.
- Thomas C. Morey, EVP and Chief Investment Officer, departure effective September 8, 2026
- Separation Agreement and Release entered into September 9, 2026; seven-day revocation period applies
- Severance follows the Executive Severance Plan for an EVP terminated without cause; non-solicitation and non-competition obligations last 12 months
- Full terms are in Exhibit 10.1, filed with the 8-K
Read the filing on SEC.gov ↗
Sep 10, 4:14 PM ET
Park Hotels & Resorts approved one-time retention restricted stock awards to four executive officers on September 3, 2026, including 331,564 shares to CEO Thomas J. Baltimore, Jr. The awards vest in full on the fourth anniversary of the grant date, subject to continued employment, and are intended to address leadership transition and recruiting risks. The grants add to the share count tied to executive pay, and their vesting terms determine how much stock is retained if an executive leaves.
- September 3, 2026: Compensation & Human Capital Committee approved one-time Retention RSA Awards
- Baltimore (CEO) 331,564 shares; Dell'Orto (EVP, COO, CFO and Treasurer) 165,782 shares
- Mayfield (EVP, Design and Construction) 99,469 shares; Vu (EVP, General Counsel and Secretary) 66,312 shares
- Awards vest in full on the fourth anniversary of grant, subject to continued employment; forms filed as Exhibits 10.1 and 10.2
Read the filing on SEC.gov ↗
Aug 6, 4:22 PM ET
Park Hotels & Resorts reported second quarter 2026 results, with comparable RevPAR up 5.8% and net income of $50 million, compared with a net loss of $2 million a year earlier. The company raised its full-year 2026 outlook, with Adjusted EBITDA now projected at $617 million to $637 million, up from $587 million to $617 million previously, which supports shareholder value.
- Q2 diluted earnings per share were $0.24, versus a loss of $0.02 in Q2 2025; Adjusted EBITDA was $198 million, up 8.6%.
- Full-year 2026 Adjusted EBITDA outlook raised to $617 million to $637 million from $587 million to $617 million; diluted EPS outlook raised to $0.35 to $0.45 from $0.29 to $0.44.
- July comparable RevPAR is projected to rise 8.5% year over year, and third-quarter comparable group revenue pace is over 15%.
- Board declared a third quarter cash dividend of $0.25 per share, payable October 15, 2026 to stockholders of record as of September 30, 2026.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
