Every material Form 8-K Park Hotels & Resorts has filed with the SEC since May 16, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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
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
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.
Park Hotels & Resorts reported first quarter 2026 results, with net income of $12 million compared with a $57 million loss a year earlier, while total revenue fell to $622 million from $630 million. The company raised its full-year Adjusted EBITDA and RevPAR outlook but lowered its net income and diluted EPS outlook, so the results send mixed signals to shareholders.
Q1 2026 total revenue $622 million vs $630 million in Q1 2025; Adjusted EBITDA $143 million vs $144 million
Q1 diluted EPS $0.05 vs a loss of $0.29 a year earlier; Q1 2025 included a $70 million impairment
Full-year 2026 Adjusted EBITDA outlook raised to $587 million-$617 million from $580 million-$610 million
Full-year 2026 diluted EPS outlook lowered to $0.29-$0.44 from $0.31-$0.46; $0.25 Q2 dividend payable July 15, 2026
Park Hotels & Resorts reported a fourth-quarter 2025 net loss of $204 million, or $(1.04) per diluted share, compared with net income of $73 million a year earlier, after $248 million of impairment expense mainly tied to Non-Core hotels. Adjusted EBITDA rose 10.1% to $152 million, and full-year 2025 Adjusted EBITDA fell 6.6% to $609 million. The company also gave a 2026 outlook of $580 million to $610 million in Adjusted EBITDA and named CFO Sean M. Dell'Orto as Chief Operating Officer while keeping his CFO role.
Q4 2025 comparable RevPAR was $182.49, up 0.8% year over year; full-year comparable RevPAR was $185.00, down 2.0%
Full-year 2025 net loss was $(277) million, or $(1.43) per diluted share, including $318 million of impairment expense
2026 outlook: Adjusted EBITDA of $580 million to $610 million and diluted EPS of $0.31 to $0.46
Dell'Orto was appointed COO effective February 12, 2026, with base salary raised to $675,000; he remains EVP, CFO and Treasurer
Park Hotels & Resorts reported third quarter 2025 revenue of $610 million, down from $649 million a year earlier, and a net loss of $14 million compared with net income of $57 million in the prior-year quarter. The company also lowered the midpoint of its full-year Adjusted EBITDA outlook to $595 million to $620 million from $595 million to $645 million, and widened its expected full-year net loss range, which matters to shareholders because the company's profit measures are declining.
Q3 2025 Adjusted EBITDA was $130 million, down 18.2% from $159 million; diluted loss per share was $(0.08) versus earnings of $0.26 a year earlier.
Full-year 2025 Adjusted EBITDA outlook is $595 million to $620 million, versus $595 million to $645 million previously; the net loss outlook is now $(60) million to $(35) million, versus $(53) million to $(3) million.
Comparable RevPAR fell 6.1% in the quarter, or 4.9% excluding the Royal Palm, which suspended operations in mid-May 2025 for renovation; the company declared a $0.25 per share fourth quarter dividend payable January 15, 2026.
Park Hotels & Resorts and its subsidiary Park Intermediate Holdings signed a Second Amended and Restated Credit Agreement with Wells Fargo as administrative agent. The deal raises the revolving facility from $950 million to $1 billion, extends its maturity from December 1, 2026 to September 17, 2029, and adds an $800 million delayed draw term loan, bringing total capacity to $2 billion. The company says it plans to use the new term loan in 2026 to repay two hotel mortgage loans.
Revolving facility rises from $950 million to $1 billion, with maturity extended to September 17, 2029
New $800 million delayed draw term loan, drawable in up to three draws within one year of closing, matures January 2, 2030
Planned 2026 draw to repay a $123 million Hyatt Regency Boston mortgage maturing July 2026 and, with a later financing, a $1.275 billion Hilton Hawaiian Village mortgage maturing November 2026
Credit agreement includes an option to increase commitments by up to $1 billion, subject to conditions
Park Hotels & Resorts reported a second-quarter 2025 net loss of $2 million, compared with net income of $67 million a year earlier, as total revenues fell 2.0% to $672 million and Adjusted EBITDA declined to $183 million from $193 million. The company also cut its full-year 2025 outlook for comparable RevPAR and net income, while lowering its net loss range, which matters to shareholders because it signals weaker near-term earnings.
Q2 2025 net loss was $2 million, or $(0.02) per diluted share, versus net income of $67 million, or $0.30 per diluted share, in Q2 2024
Adjusted EBITDA was $183 million, down 5.2%, and diluted Adjusted FFO per share was $0.64, down from $0.65
Full-year 2025 comparable RevPAR outlook was lowered to a range of (2.0)% to 0.0% from (1.0)% to 2.0%, and net loss outlook was set at $(53) million to $(3) million versus $(10) million to $50 million previously
Park sold the Hyatt Centric Fisherman's Wharf for $80 million and will permanently close the Embassy Suites Kansas City Plaza in the third quarter of 2025
Park Hotels & Resorts reported a first-quarter 2025 net loss of $57 million, or $0.29 per diluted share, compared with net income attributable to stockholders of $28 million, or $0.13 per diluted share, a year earlier. The company also lowered its full-year 2025 outlook, with projected net income now ranging from a $8 million loss to $52 million, down from $87 million to $147 million in its February outlook.
Q1 2025 net loss of $57 million, or $0.29 per diluted share, versus net income attributable to stockholders of $28 million, or $0.13, in Q1 2024.
Total revenues were $630 million, down from $639 million, and Comparable RevPAR fell 0.7% to $177.67.
Impairment and casualty loss was $70 million in Q1 2025, compared with $6 million in Q1 2024.
Full-year 2025 Adjusted FFO per share outlook lowered to $1.79 to $2.09 from $1.90 to $2.20; quarterly dividend of $0.25 per share declared for the second quarter.
At its April 25, 2025 annual meeting, Park Hotels & Resorts stockholders approved an amendment to the 2017 Stock Plan for Non-Employee Directors that raises the shares available under the plan from 950,000 to 1,825,000. Stockholders also re-elected nine directors, approved the advisory vote on executive compensation, and ratified Ernst & Young LLP as the independent auditor for fiscal 2025. The plan change expands the pool of shares available for director equity awards.
Shares available under the Second A&R Director Stock Plan increase by 875,000, from 950,000 to 1,825,000.
Thomas J. Baltimore, Jr. received 147,217,787 votes for and 7,663,881 against his election as a director.
The advisory vote on named executive officer compensation passed with 146,790,412 votes for and 7,933,950 against.
Ernst & Young LLP was ratified for the fiscal year ending December 31, 2025, with 165,744,991 votes for and 1,549,966 against.
Park Hotels & Resorts reported fourth-quarter 2024 net income attributable to stockholders of $66 million, down from $187 million a year earlier, as strike activity and renovations weighed on results. For full-year 2024, net income attributable to stockholders rose to $212 million from $97 million and diluted EPS was $1.01 versus $0.44, while Adjusted EBITDA fell 1.1% to $652 million. The company expects 2025 Comparable RevPAR growth of 0.0% to 3.0% and Adjusted FFO per share of $1.90 to $2.20.
Q4 2024 diluted EPS was $0.32 versus $0.88, and Comparable RevPAR fell 1.4% to $179.02
Full-year 2024 Comparable RevPAR rose 2.9% to $186.78, and Adjusted FFO per share was $2.06 versus $2.04
2025 outlook calls for Adjusted EBITDA of $610 million to $670 million and diluted EPS of $0.39 to $0.69
Strike and related labor activity cut full-year 2024 Comparable Hotel Adjusted EBITDA by $32 million
Park Hotels & Resorts reinstated its full-year 2024 guidance on November 11, 2024, after labor agreements were ratified at four hotels in Hawaii, Seattle and Boston. The new outlook is lower than the July 31, 2024 outlook on every headline measure shown, including adjusted EBITDA, net income, diluted EPS and adjusted FFO per share. Shareholders face a lower earnings range for 2024, along with a fourth-quarter dividend expected to be $0.60 to $0.66 per share.
Adjusted EBITDA outlook is $635 million to $655 million, versus $660 million to $690 million on July 31, 2024.
Diluted EPS outlook is $0.68 to $0.77, versus $0.69 to $0.83 previously; adjusted FFO per share is $2.00 to $2.10, versus $2.10 to $2.26.
Preliminary October 2024 Comparable RevPAR fell 1.3% from October 2023; excluding the four affected hotels it rose 3.5%.
Park Hotels & Resorts reported third quarter 2024 total revenues of $649 million, down from $679 million a year earlier, and adjusted FFO attributable to stockholders of $102 million, down from $108 million. GAAP diluted EPS rose to $0.26 from $0.13, helped by gains on asset sales and derecognition, and the company said it will not update its full-year 2024 outlook until labor agreement negotiations are resolved.
Total revenues were $649 million versus $679 million, a decline of 4.4%; Comparable RevPAR rose 3.3% to $189.73.
Diluted EPS was $0.26 versus $0.13, while Adjusted FFO per diluted share was $0.49 versus $0.51.
Full-year 2024 outlook was not updated due to uncertainty over labor union negotiations at operator hotels.
The quarterly dividend remained $0.25 per share, paid October 15, 2024.
Park Hotels & Resorts reported second-quarter 2024 net income of $67 million, compared with a net loss of $146 million a year earlier, when results included a $203 million impairment and casualty loss. Total revenues fell 4.0% to $686 million, and the company lowered the midpoint of its full-year 2024 Comparable RevPAR growth outlook, while its diluted EPS outlook midpoint rose slightly.
Q2 2024 diluted EPS was $0.30, versus a loss of $0.70 in Q2 2023; Q2 total revenues fell 4.0% to $686 million.
Comparable RevPAR rose 2.0% to $194.90 in Q2 2024.
Full-year 2024 Comparable RevPAR change outlook is now 3.5% to 4.5%, down from 4.0% to 5.5%; diluted EPS outlook is $0.69 to $0.83, versus $0.66 to $0.85 previously.
Board declared a $0.25 per share Q3 2024 dividend payable October 15, 2024; the company repurchased about 1.7 million shares for $25 million in June 2024.
Park Hotels & Resorts' subsidiaries issued $550 million of 7.000% senior notes due 2030 and a new $200 million unsecured term loan, using the proceeds to buy back $311,473,000 of its 7.500% notes due 2025 through a tender offer. The company said it will redeem the remaining 2025 notes on about June 1, 2024, replacing debt maturing in 2025 with debt maturing in 2027 and 2030 at a 7.000% fixed rate on the new notes. The filing does not report earnings or guidance, and it also notes that the company has ceased payments on a $725 million CMBS loan on two San Francisco hotels, with the lender exercising remedies.
$550 million 7.000% senior notes due February 1, 2030, issued May 16, 2024
$200 million unsecured term loan maturing May 14, 2027, fully funded May 16, 2024
$311,473,000 of the $650 million 7.500% notes due 2025 accepted in the tender offer; remaining notes to be redeemed at 100% on about June 1, 2024
Filing states Park ceased payments on a $725 million non-recourse CMBS loan on Hilton San Francisco Union Square and Parc 55 San Francisco
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