Overview

* Park Hotels Q3 net loss of $14 mln, with diluted loss per share at $0.08

* Comparable RevPAR decreased 6.1% yr/yr

* Company increased liquidity to $2.1 bln

Outlook

* Company projects fourth-quarter group revenue pace to increase over 12% vs. 2024

* Park expects Hilton Hawaiian Village to see nearly 57% rise in group revenue pace

* Company revises full-year 2025 Comparable RevPAR to $184-$185

Result Drivers

* SOFTER DEMAND - Park attributes Q3 RevPAR decline to softer leisure and government transient demand and tough comparisons from last year's strong citywide calendars

* STRONG MARKET PERFORMANCE - Strong performance in San Francisco, Puerto Rico, New York, Orlando, and Key West partially offset RevPAR declines

* BALANCE SHEET STRATEGY - Park focused on preserving a strong balance sheet, increasing liquidity to $2.1 bln to address maturing loans

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS -$0.08

Q3 Net -$14 mln

Income

Q3 $0.35

Adjusted

FFO Per

Share

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 11 "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 $11.03, about 0.5% above its October 29 closing price of $10.97

Press Release:

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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.)