Park Hotels & Resorts ( (PK) ) has released its Q2 earnings. Here is a breakdown of the information Park Hotels & Resorts presented to its investors.
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Park Hotels & Resorts Inc. is a leading publicly-traded lodging real estate investment trust (REIT) with a diverse portfolio of iconic hotels and resorts located in prime city center and resort locations.
In its latest earnings report for the second quarter of 2025, Park Hotels & Resorts Inc. reported a slight decline in Comparable RevPAR, primarily due to the temporary closure of the Royal Palm South Beach Miami for renovations. The company also announced a net loss of $2 million and an adjusted EBITDA of $183 million.
Key financial highlights include the sale of the Hyatt Centric Fisherman’s Wharf in San Francisco for $80 million, which will fund ongoing investment projects. The company also decided to permanently close the Embassy Suites Kansas City Plaza. Despite challenges, Park Hotels & Resorts saw improvements in business travel in urban markets and strong performance at certain resort hotels.
Looking ahead, Park Hotels & Resorts remains focused on reshaping its portfolio through asset dispositions and reinvesting in its properties. With liquidity of approximately $1.3 billion, the company is well-positioned for long-term growth and committed to enhancing shareholder value.