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AI brief of an SEC Form 8-K · Park Hotels & Resorts (PK)

Park Hotels & Resorts swings to Q4 net loss of $204 million on $248 million impairment

Mixed Impact 4 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyPark Hotels & Resorts (PK)
Form8-K, current report
Filed with the SECFeb 19, 2026, 4:19 PM ET
Accession number0001617406-26-000003

Items reported: 2.02 Results of Operations5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:39 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 19, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.