Park Hotels & Resorts ( (PK) ) has released its Q1 earnings. Here is a breakdown of the information Park Hotels & Resorts presented to its investors.
Park Hotels & Resorts Inc. is a leading publicly-traded lodging real estate investment trust (REIT) with a diverse portfolio of premium-branded hotels and resorts, primarily located in prime city center and resort locations.
In its first quarter of 2025, Park Hotels & Resorts reported a challenging financial performance with a net loss attributable to stockholders of $57 million, compared to a net income of $28 million in the same period last year. Despite this, the company highlighted strong RevPAR growth in key properties following renovations and a strategic focus on capital improvements and asset reallocations.
Key financial metrics showed a decline in operating income, which fell to $7 million from $92 million in the previous year, and a decrease in Adjusted EBITDA to $144 million from $162 million. The company also reported a decrease in Comparable Hotel Adjusted EBITDA margin to 24.9% from 27.7%. However, Park Hotels & Resorts continued its strategic initiatives, including asset disposals and significant capital investments, such as the $100 million renovation at the Royal Palm South Beach Miami.
Looking ahead, Park Hotels & Resorts remains committed to executing its strategic priorities amidst macroeconomic uncertainties. With a liquidity position of approximately $1.2 billion, the company plans to continue its focus on creating long-term shareholder value through strategic capital allocation and operational improvements.