Park Hotels & Resorts
Owns premium-branded U.S. hotels and resorts affiliated with major brands and operators.
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Profile
Owns premium-branded U.S. hotels and resorts affiliated with Hilton, Marriott, and Hyatt. Active asset management rests on hotel brands and third-party operators rather than direct brand operation.
Owns a U.S. portfolio of premium-branded hotels and resorts, most in central business districts, resort destinations, or conference destinations. Most of the portfolio is luxury or upper-upscale. It affiliates with Hilton, Marriott, and Hyatt, and works with brand and third-party operators.
Its consolidated Core and Non-Core hotels are reportable segments, alongside an unconsolidated-hotel operating segment. Spun off from Hilton, it pursues active asset management and is disposing of its remaining Non-Core hotels.
The properties rely on brand affiliations and third-party operators, rather than direct hotel-brand operation, to operate the properties.
Company facts
Key statistics
Year to date +47.1% · Average volume (30d) 3.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 27, 2026 | Barclays | Target | $12 | $14 | ||
| Aug 14, 2026 | Deutsche Bank | Reiterate | Buy | $23 | $18 | |
| Aug 11, 2026 | Cantor Fitzgerald | Reiterate | Neutral | $12 | $15 | |
| Jun 18, 2026 | Wells Fargo | Reiterate | Equal Weight | $15 | ||
| Jun 12, 2026 | BMO Capital | Target | $14 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.24 | $0.24 | +0.4% | $659.7M | $680.0M | +3.1% | +2.86% |
| Aug 5, 2026Q2 FY26 | $0.24 | $0.24 | +0.4% | $659.7M | $680.0M | +3.1% | −3.95% |
| Apr 30, 2026Q1 FY26 | $0.08 | $0.45 | +462.5% | $609.8M | $622.0M | +2.0% | −1.05% |
| Feb 19, 2026Q4 FY25 | $0.48 | $0.39 | −18.7% | $623.7M | $629.0M | +0.8% | −1.49% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $630.0M | $672.0M | $610.0M | $629.0M | $622.0M | $680.0M | |
| Gross profit | $169.0M | $212.0M | $161.0M | −$492.0M | $46.0M | $95.0M | |
| Operating income | $7.0M | $65.0M | $59.0M | $95.0M | $68.0M | $119.0M | |
| Net income | −$57.0M | −$5.0M | −$16.0M | −$205.0M | $11.0M | $47.0M | |
| Diluted EPS | −$0.29 | −$0.03 | −$0.08 | −$1.03 | $0.05 | $0.24 | |
| Gross margin | 26.8% | 31.5% | 26.4% | -78.2% | 7.4% | 14.0% | |
| Operating margin | 1.1% | 9.7% | 9.7% | 15.1% | 10.9% | 17.5% |
Fiscal years (4-quarter sums)FY21 $1.36B · FY22 $2.50B · FY23 $2.70B · FY24 $2.60B · FY25 $2.54B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $264.0M · Total debt $4.10B · Total assets $7.70B · Shareholders' equity $3.09B
Dividends
Raised for 3 straight years — most recently to $0.25 from $0.15 in Mar 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 15 | $0.25 | |
| Mar 31, 2026 | Mar 31 | Apr 15 | $0.25 | |
| Dec 31, 2025 | Dec 31 | Jan 15 | $0.25 | |
| Sep 30, 2025 | Sep 30 | Oct 15 | $0.25 | |
| Jun 30, 2025 | Jun 30 | Jul 15 | $0.25 | |
| Mar 31, 2025 | Mar 31 | Apr 15 | $0.25 | |
| Dec 31, 2024 | Dec 31 | Jan 15 | $0.65 | special dividend |
| Sep 30, 2024 | Sep 30 | Oct 15 | $0.25 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 201.36M · Float 193.23M · 96.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 31.18M | 15.48% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 17.47M | 8.68% | 13F | Aug 13, 2026 |
| Donald Smith & Co., Inc. | 14.53M | 7.22% | 13F | Aug 11, 2026 |
| State Street Corporation | 11.10M | 5.50% | 13G | Aug 7, 2026 |
| Vanguard Capital Management | 10.41M | 5.17% | 13G | Jul 31, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jan 14, 2026 | Christie B. Kelly | director | +2,949 | $11.19 |
Peers
- Host Hotels & Resorts
Largest public lodging REIT in luxury and upper-upscale hotels
- Xenia Hotels & Resorts
Luxury and upper-upscale U.S. hotel and resort owner
- Pebblebrook Hotel Trust
Upper-upscale full-service urban hotel and resort REIT
- Sunstone Hotel Investors
Premium-branded hotel investor and active asset recycler
- RLJ
Premium-branded, urban-centric hotel owner
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Park Hotels & Resorts | $15.83 | −0.09% | $3.19B | — | 28.1 | 1.3 | +1.2% |
| Host Hotels & Resorts | $22.40 | +0.63% | $15.26B | 15.2 | 22.3 | 2.5 | +3.4% |
| Xenia Hotels & Resorts | $19.62 | +0.87% | $1.80B | — | 38.1 | 1.6 | +2.8% |
| Pebblebrook Hotel Trust | $18.49 | −0.05% | $2.09B | — | — | 1.4 | −0.1% |
| Sunstone Hotel Investors | $11.33 | −0.13% | $2.11B | 46.0 | 52.5 | 2.1 | +6.7% |
| RLJ | $11.46 | +0.04% | $1.74B | 280.2 | 250.7 | 1.3 | +5.5% |
| Median | 46.0 | 45.3 | 1.6 | +3.4% |