Inferra AI / Company / PK

Park Hotels & Resorts Inc.

PK · Consumer Discretionary

Last earnings Aug 6, 2026

Key results

Revenuequarter

57%

Park continued to see improvements in group demand at its urban hotels and certain resort hotels, and compared to the second quarter of 2024, group revenues at the Hilton Waikoloa Village increased 57%, while group revenues at the Waldorf Astoria Orlando, which was ranked 4 th Best Resort in Florida by Travel + Leisure in its 2025 World s Best Awards, increased nearly 29% following its recent transformative renovation, increasing RevPAR by nearly 24% compared to the second quarter of 2024.

SEC original ↗Park Hotels & Resorts Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Group revenuequarter

16%

Group revenues at the Hilton New York Midtown increased over 16% compared to the second quarter of 2024, increasing RevPAR by nearly 10% due to an increase in corporate demand.

SEC original ↗Park Hotels & Resorts Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

EPSquarter

1.0 %

2024, excluding the Royal Palm (1.0) % 1.0 % 0.0 % 3.0 % (150) bps Net (loss) income $ (53) $ (3) $ (10) $ 50 $ (48) Net (loss) income attributable to stockholders $ (60) $ (10) $ (18) $ 42 $ (47) (Loss) earnings per share Diluted (1) $ (0.30) $ (0.05) $ (0.09) $ 0.21 $ (0.24) Operating income $ 212 $ 263 $ 243 $ 304 $ (36) Operating income margin 8.4 % 10.2 % 9.5 % 11.6 % (130) bps Adjusted EBITDA $ 595 $ 645 $ 588 $ 648 $ 2 Comparable Hotel Adjusted EBITDA margin (1) 26.1 % 27.5 % 25.7 % 27.3 % 30 bps Comparable Hotel Adjusted EBITDA margin change vs.

SEC original ↗Park Hotels & Resorts Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

2024, excluding the Royal Palm (1) (1.0) % 1.0 % 0.0 % 3.0 % (150) bps Net (loss) income $ (53) $ (3) $ (10) $ 50 $ (48) Net (loss) income attributable to stockholders $ (60) $ (10) $ (18) $ 42 $ (47) (Loss) earnings per share Diluted (2) $ (0.30) $ (0.05) $ (0.09) $ 0.21 $ (0.24) Operating income $ 212 $ 263 $ 243 $ 304 $ (36) Operating income margin 8.4 % 10.2 % 9.5 % 11.6 % (130) bps Adjusted EBITDA $ 595 $ 645 $ 588 $ 648 $ 2 Comparable Hotel Adjusted EBITDA margin (2) 26.1 % 27.5 % 25.7 % 27.3 % 30 bps Comparable Hotel Adjusted EBITDA margin change vs.

SEC original ↗Park Hotels & Resorts Inc. — Presentation / slide deck (8-K exhibit)EX-99Jul 31, 2025

AI analysis

Q2 2025 · reported Jul 31, 2025

Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held

Headline figures

Metric	Q2 2025	Prior qtr	Year ago
Revenue	57%	—	—
Group revenue	16%	—	—
EPS	1.0 %	—	—

EX-99 · Jul 31, 2025

Guidance · company-stated

Adjusted EBITDA

“$ 634 $ 685”

Total Revenues

“$ 2,531 $ 2,590”

Revenues

“$ 2,430 $ 2,489”

Operating income

“$ 212 $ 263”

Guidance stated in the release's OUTLOOK table; no direction stated — figures as stated in the table.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Dividend$0.25

Balance Sheet and Liquidity As of June 30, 2025, Park s liquidity was approximately $1.3 billion, including $950 million of available capacity under the Company s revolving credit facility ( Revolver ).

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Reports Second Quarter 2025 Results TYSONS

Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Adjusted EBITDA: “Adjusted EBITDA $ 634 $ 685”

Total Revenues: “Total Revenues $ 2,531 $ 2,590”

Revenues: “Revenues $ 2,430 $ 2,489”

Operating income: “Operating income $ 212 $ 263”

Adjusted EBITDA (“OUTLOOK”)
“Adjusted EBITDA $ 634 $ 685”

Total Revenues (“OUTLOOK”)
“Total Revenues $ 2,531 $ 2,590”

Revenues (“OUTLOOK”)
“Revenues $ 2,430 $ 2,489”

Operating income (“OUTLOOK”)
“Operating income $ 212 $ 263”

Guidance stated in the release's OUTLOOK table; no direction stated — figures as stated in the table.

Capital allocation

SEC original ↗Park Hotels & Resorts Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

In addition, as of June 30, 2025, Park s Net Debt was approximately $3.7 billion, and the weighted average maturity of Park s consolidated debt is 2.7 years.

SEC original ↗Park Hotels & Resorts Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

(6) Excludes $157 million of Park s share of debt of its unconsolidated joint ventures.

SEC original ↗Park Hotels & Resorts Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Capital Investments During the second quarter of 2025, Park spent nearly $45 million on capital improvements at its hotels and expects to incur approximately $310 million to $330 million in capital expenditures during 2025.

SEC original ↗Park Hotels & Resorts Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Dividends Park declared a second quarter 2025 cash dividend of $0.25 per share to stockholders of record as of June 30, 2025.

SEC original ↗Park Hotels & Resorts Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

The second quarter dividend was paid on July 15, 2025.

SEC original ↗Park Hotels & Resorts Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Strategy & priorities

, Chairman and Chief Executive Officer, stated, We remain laser-focused on our strategic objective of reshaping the portfolio through non-core asset dispositions, as evidenced by the successful closing on the sale of the Hyatt Centric Fisherman s Wharf for total proceeds of $80 million, representing a 64.0x multiple on 2024 EBITDA of the hotel, and with several other non-core assets in various stages of the marketing process, while reallocating and investing this capital in our iconic portfolio, like the Royal Palm hotel in Miami, which recently commenced a transformative renovation.

SEC original ↗Park Hotels & Resorts Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Our strategic focus is on our Core portfolio, which includes 20 of our consolidated hotels and one unconsolidated joint venture and consists primarily of hotels and resorts that cater to both group and leisure demand.

SEC original ↗Park Hotels & Resorts Inc. — 10-Q Quarterly report10-QAug 7, 2026

Note 11: Business Segment Information As a result of a shift in our business strategy during the quarter ended December 31, 2025, we operate our business through three operating segments, our consolidated Core hotels, consolidated Non-Core hotels and unconsolidated hotels.

SEC original ↗Park Hotels & Resorts Inc. — 10-Q Quarterly report10-QAug 7, 2026

Our strategic focus is on our Core portfolio, which consists primarily of hotels and resorts that cater to group and leisure demand and includes 20 of our consolidated hotels that contribute over 90% of our Hotel Adjusted EBITDA as well as one unconsolidated joint venture.

SEC original ↗Park Hotels & Resorts Inc. — 10-Q Quarterly report10-QAug 7, 2026

Our objective is to be the preeminent lodging real estate investment trust ( REIT ), focused on consistently delivering superior, risk-adjusted returns to stockholders through active asset management and a thoughtful external growth strategy while maintaining a strong and flexible balance sheet.

SEC original ↗Park Hotels & Resorts Inc. — 10-Q Quarterly report10-QAug 7, 2026

Risks & headwinds

Park s full-year 2025 outlook is based on several factors, many of which are outside the Company s control, including uncertainty surrounding macro-economic factors, such as inflation, changes in interest rates and the possibility of an economic recession or slowdown, as well as the assumptions set forth above, all of which are subject to change.

SEC original ↗Park Hotels & Resorts Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Additionally, Park s full-year 2025 outlook does not include assumptions around the incremental impact of tariff announcements (including any foreign tariffs announced in response to changes in U.

SEC original ↗Park Hotels & Resorts Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

trade policy), or changes in travel patterns to the United States as a result of tariff or trade policy, as the net effect of such announcements cannot be ascertained or quantified at this time.

SEC original ↗Park Hotels & Resorts Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

destinations), the effects of competition and the effects of future legislation, executive action or regulations, tariffs, the expected completion of anticipated dispositions, the declaration, payment and any change in amounts of future dividends and other non-historical statements.

SEC original ↗Park Hotels & Resorts Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Park s control and which could materially affect its results of operations, financial condition, cash flows, performance or future achievements or events.

SEC original ↗Park Hotels & Resorts Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

All such forward-looking statements are based on current expectations of management and therefore involve estimates and assumptions that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed in these forward-looking statements.

SEC original ↗Park Hotels & Resorts Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Documents

Earnings deck slides

0 decks with slide view

Park Hotels & Resorts Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

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