Park Hotels posts Q4 net loss on impairment expense, appoints new COO

Park Hotels & Resorts

19/02/2026 21:30

Overview

U.S. hotel REIT's Q4 Comparable RevPAR rose 0.8% yr/yr, impacted by Royal Palm renovation

Company reported Q4 net loss of $204 mln, including a $248 mln impairment expense

Company appointed Sean M. Dell'Orto as COO, effective February 12, 2026

Outlook

Park expects full-year 2026 RevPAR between $190 and $194

Company anticipates 2026 net income between $69 mln and $99 mln

Park forecasts 2026 adjusted EBITDA between $580 mln and $610 mln

Result Drivers

CORE PORTFOLIO PERFORMANCE - Core RevPAR increased nearly 6% excluding Royal Palm, driven by a 15% rise in group revenues, per CEO Thomas J. Baltimore, Jr.

HAWAIIAN VILLAGE RECOVERY - Hilton Hawaiian Village Waikiki Beach Resort's RevPAR increased 22% as it recovered from last year's labor strike, despite ongoing renovations and government shutdown impacts.

BONNET CREEK GROWTH - Bonnet Creek complex outperformed with nearly 9% RevPAR increase due to stronger corporate demand.

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
-$1.04
Q4 Net Income
-$204 mln
Q4 Adjusted FFO Per Share
$0.51


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 12 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy."

Wall Street's median 12-month price target for Park Hotels & Resorts Inc is $11.00, about 3.8% below its February 18 closing price of $11.43

The stock recently traded at 69 times the next 12-month earnings vs. a P/E of 39 three months ago

Press Release: ID:nBw7cLVrha

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)