Every material Form 8-K Park Hotels & Resorts filed with the SEC in 2025, 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 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
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Park Hotels & Resorts filing is on SEC EDGAR ↗. 8-K briefs of other companies →