Park Hotels & Resorts (PK)
NYSE:PK
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Park Hotels & Resorts
(NYSE:PK)
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Rating:62Neutral
Price Target:
$12.00
▲(5.17% Upside)
Action:ReiteratedDate:05/02/26
The score is held back primarily by weak current profitability and a sharp TTM revenue decline, despite positive EBITDA and strong free cash flow. It is supported by improved leverage/liquidity, constructive price momentum above key moving averages, and a generally positive earnings call with modestly raised guidance; valuation remains a mixed signal due to a high P/E despite a high dividend yield.
Positive Factors
Low leverage / balance-sheet flexibility
Ultra-low leverage (debt-to-equity ~0.07) materially improves financial flexibility and reduces near-term refinancing risk. This positioning supports multi-year capital plans, funds renovations without heavy new debt, and lets management withstand cyclical demand shocks without forced asset sales.
Negative Factors
Weakened profitability
A sharp deterioration in profitability (TTM revenue down ~31.5%, net loss, compressed EBITDA margin) undermines recurring earnings capacity. Sustained weaker margins limit retained capital for reinvestment or dividend support and increase the risk of future impairments or restructuring if operating trends do not normalize.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / balance-sheet flexibility
Ultra-low leverage (debt-to-equity ~0.07) materially improves financial flexibility and reduces near-term refinancing risk. This positioning supports multi-year capital plans, funds renovations without heavy new debt, and lets management withstand cyclical demand shocks without forced asset sales.
Read all positive factors
Park Hotels & Resorts (PK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.28B
Dividend Yield13.1%
Average Volume (3M)3.66M
Price to Earnings (P/E)47.6
Beta (1Y)0.97
Revenue Growth-2.20%
EPS Growth-280.33%
CountryUS
Employees91
SectorReal Estate
Sector Strength53
IndustryREIT - Hotel & Motel
Share Statistics
EPS (TTM)-1.08
Shares Outstanding201,256,600
10 Day Avg. Volume4,771,180
30 Day Avg. Volume3,663,452
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.66
Price to Sales (P/S)0.82
P/FCF Ratio20.41
Enterprise Value/Market Cap2.68
Enterprise Value/Revenue2.41
Enterprise Value/Gross Profit-83.71
Enterprise Value/Ebitda15.43
Forecast
1Y Price Target
$11.29Price Target Upside-1.09% Downside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)0.46
Revenue Forecast (FY)$2.53B
Park Hotels & Resorts Business Overview & Revenue Model
Company Description
Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 60 premium-branded hotels and resorts with ...
How the Company Makes Money
Park Hotels & Resorts makes money primarily from hotel operating revenues generated at the properties it owns, which flow through as hotel-level income and ultimately to the REIT after property operating expenses, franchise/brand fees (where appli...
Park Hotels & Resorts Key Performance Indicators (KPIs)
Any
Revenue by Type
Breaks down revenue sources, such as room bookings and food services, revealing the diversity and stability of income streams.
Breaks down revenue sources, such as room bookings and food services, revealing the diversity and stability of income streams.
Data provided by:
The Fly
The FlyPark Hotels & Resorts Earnings Call Summary
Earnings Call Date:Apr 30, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call presented a solid set of operating results and clear execution on strategic priorities: portfolio RevPAR and EBITDA outperformed expectations, high-return renovations delivered meaningful EBITDA upside (Bonnet Creek, Casa Marina), liquidity and refinancing actions materially reduce near-term maturity risk, and guidance was raised modestly. Offsetting risks include renovation-related drags (Royal Palm), weather disruption in Hawaii, remaining noncore assets still for sale in a challenging transaction market, and increased expense and interest cost pressures. On balance, positive operational momentum, successful capital recycling, and strengthened liquidity outweigh the near-term headwinds.Positive Updates
Portfolio RevPAR Outperformance
Reported RevPAR exceeded $191 for the quarter, up ~2% year-over-year (approximately 5.5% excluding the Royal Palm). Core portfolio RevPAR rose ~5.4% to nearly $216 excluding Royal Palm, with monthly momentum excluding Royal Palm of ~6.5% (Jan), ~3.5% (Feb), and ~6.5% (Mar).
Negative Updates
Royal Palm Operational Drag
Royal Palm South Beach suspended operations (mid-May 2025) for renovation and materially dragged results: ~400 bps drag on core results and expected to generate a nearly $3 million operating loss in Q2 while ramping staffing and demand; Q2 RevPAR expected to face ~100 bps drag from Miami.
Read all updates
Q1-2026 Updates
Positive
Negative
Portfolio RevPAR Outperformance
Reported RevPAR exceeded $191 for the quarter, up ~2% year-over-year (approximately 5.5% excluding the Royal Palm). Core portfolio RevPAR rose ~5.4% to nearly $216 excluding Royal Palm, with monthly momentum excluding Royal Palm of ~6.5% (Jan), ~3.5% (Feb), and ~6.5% (Mar).
Read all positive updates
Company Guidance
Guidance: after a stronger-than-expected Q1 (RevPAR >$191, +2% YoY / +5.5% ex‑Miami; total hotel revenue $591M, hotel adjusted EBITDA $152M, EBITDA $143M, adj. FFO/sh $0.45), management raised full‑year RevPAR growth guidance to a new range of 0.5%–2.5% (midpoint +50 bps), increased adjusted EBITDA guidance to $587M–$617M (midpoint +$7M) and raised AFFO to $1.74–$1.90/sh (midpoint +$0.01); Q2 RevPAR is expected around the midpoint of guidance with April flat (April +3% ex‑Miami), May modestly softer and June very strong (group demand up nearly 10%), a roughly 100‑bp Q2 drag from Miami and a nearly $3M Q2 loss from the Royal Palm ramp; 2026 capex is forecast at $230M–$260M (including ~$96M for the Alethe Tower), liquidity is ~ $2.0B (cash $156M + ~$1.8B revolver capacity + $800M delayed draw), recent financings (Bonnet Creek $700M at SOFR+225bp, $1.5B total commitments) extend WADM to ~4 years but add ~ $28M annualized interest (~$13M reflected in 2026 AFFO), Hilton Hawaiian Village tower closure is expected to cost < $2M EBITDA and ~10 bps RevPAR in 2026, and disposals to date total $31M YTD (Hilton Seattle Airport $18M) as Park pursues further noncore sales.Park Hotels & Resorts Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
68
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.53B | 2.54B | 2.60B | 2.70B | 2.50B | 1.36B |
| Gross Profit | -73.00M | 50.00M | 745.00M | 746.00M | 693.00M | 227.00M |
| EBITDA | 396.00M | 333.00M | 696.00M | 683.00M | 689.00M | 89.00M |
| Net Income | -215.00M | -283.00M | 212.00M | 97.00M | 162.00M | -459.00M |
Balance Sheet | ||||||
| Total Assets | 7.66B | 7.70B | 9.16B | 9.42B | 9.73B | 9.74B |
| Cash, Cash Equivalents and Short-Term Investments | 156.00M | 232.00M | 402.00M | 717.00M | 906.00M | 688.00M |
| Total Debt | 4.04B | 4.26B | 4.79B | 4.71B | 4.85B | 4.98B |
| Total Liabilities | 4.63B | 4.62B | 5.57B | 5.65B | 5.44B | 5.34B |
| Stockholders Equity | 3.09B | 3.13B | 3.65B | 3.81B | 4.34B | 4.45B |
Cash Flow | ||||||
| Free Cash Flow | 365.00M | 102.00M | 202.00M | 218.00M | 241.00M | -191.00M |
| Operating Cash Flow | 371.00M | 398.00M | 429.00M | 503.00M | 409.00M | -137.00M |
| Investing Cash Flow | -204.00M | -209.00M | -166.00M | -217.00M | 87.00M | 394.00M |
| Financing Cash Flow | -237.00M | -365.00M | -573.00M | -475.00M | -320.00M | -475.00M |
Park Hotels & Resorts Technical Analysis
Positive
11.41
Price Trends
10.78
Positive
10.66
Positive
10.52
Positive
Market Momentum
0.21
Negative
63.22
Neutral
86.35
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PK, the sentiment is Positive. The current price of 11.41 is above the 20-day moving average (MA) of 10.68, above the 50-day MA of 10.78, and above the 200-day MA of 10.52, indicating a bullish trend. The MACD of 0.21 indicates Negative momentum. The RSI at 63.22 is Neutral, neither overbought nor oversold. The STOCH value of 86.35 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PK.
Park Hotels & Resorts Risk Analysis
Park Hotels & Resorts disclosed 33 risk factors in its most recent earnings report. Park Hotels & Resorts reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Park Hotels & Resorts Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $2.14B | 33.11 | 6.89% | 5.13% | -0.40% | 136.86% | |
72 Outperform | $14.52B | 16.05 | 11.54% | 4.90% | 7.57% | 11.45% | |
69 Neutral | $1.54B | ― | 5.33% | 3.71% | 2.31% | 208.08% | |
67 Neutral | $3.16B | 23.79 | 5.50% | 8.30% | -1.33% | -16.76% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $1.87B | 70.45 | 1.23% | 3.98% | 6.00% | -69.40% | |
62 Neutral | $2.28B | 47.62 | -8.42% | 13.10% | -2.20% | -280.33% |
* Real Estate Sector Average
PK
Park Hotels & Resorts
11.04
1.80
19.42%
DRH
Diamondrock
10.23
2.96
40.72%
SHO
Sunstone Hotel
9.71
1.46
17.75%
HST
Host Hotels & Resorts
20.86
6.89
49.31%
XHR
Xenia Hotels & Resorts
15.95
4.87
43.90%
APLE
Apple Hospitality REIT
13.16
2.55
24.03%
Park Hotels & Resorts Corporate Events
Executive/Board ChangesShareholder Meetings
Park Hotels & Resorts Shareholders Back Board and Pay
Positive
Apr 27, 2026
On April 24, 2026, Park Hotels Resorts Inc. held its 2026 annual meeting of stockholders, where shareholders elected nine directors, including CEO Thomas J. Baltimore Jr., to serve until the 2027 annual meeting. The results signal continuity in t...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Park Hotels Elevates Dell’Orto, Revamps Executive Incentives
Positive
Feb 19, 2026
On February 12, 2026, Park Hotels Resorts’ board appointed long-time finance chief Sean M. Dell’Orto as chief operating officer, expanding his remit while raising his base salary and incentive targets, a move that consolidates leaders...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.