Overview

* Park Hotels reports Q2 net loss of $2 mln, diluted loss per share $0.02

* Comparable RevPAR decreases 1.6% yr/yr, impacted by Royal Palm renovation

* Co sells Hyatt Centric Fisherman's Wharf for $80 mln, closes Embassy Suites KC

Outlook

* Park expects full-year 2025 Comparable RevPAR between $184 and $187

* Company projects full-year 2025 net loss income between $53 mln and $3 mln

* Park anticipates full-year 2025 Adjusted EBITDA between $595 mln and $645 mln

* Company sees full-year 2025 operating income margin between 8.4% and 10.2%

Result Drivers

* URBAN MARKET GROWTH - Increased business travel in key urban markets like San Francisco and New York drove RevPAR growth

* RESORT PERFORMANCE - Strong demand at resort hotels such as Waldorf Astoria Orlando and Hilton Caribe boosted RevPAR

* COST CONTROL - Effective cost management resulted in minimal expense growth, aiding overall financial performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS -$0.02

Q2 Net -$2 mln

Income

Q2 $0.64

Adjusted

FFO Per

Share

Q2 $195.68

Adjusted

RevPAR

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 9 "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 ( PK ) is $11.00, about 1.7% above its July 30 closing price of $10.81

* The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release:

(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.)