Want to see PK full AI Analyst Report?
Top Page
Park Hotels & Resorts
(NYSE:PK)
Select Model
Select Model
Rating:66Neutral
Price Target:
$16.00
▲(8.55% Upside)
Action:Reiterated
Date:08/08/26
PK’s score is driven primarily by improving operating momentum and raised guidance from the latest earnings call, reinforced by strong TTM cash generation and a materially de-risked balance sheet versus prior years. The main constraint is weak reported profitability (TTM losses and negative margins), which keeps the financial-performance score from ranking higher despite solid cash flow. Technicals are supportive but not strongly bullish, and valuation is helped by the high dividend yield but tempered by a negative P/E.
Positive Factors
Strong operating cash flow and positive free cash flow
Sustained operating cash generation (TTM OCF $404M; FCF $228M; OCF >2x total debt) provides durable internal funding for dividends, capex and debt servicing. That cash-flow cushion improves solvency and funding optionality through cycles, reducing reliance on equity markets.
Negative Factors
Reported profitability remains weak
Despite top-line growth, TTM net losses (-$163M) and negative margins show earnings have not fully converted from improved hotel-level cash flow. Persistent earnings volatility and negative returns reduce retained earnings generation and constrain long-term capacity to self-fund growth or raise the dividend sustainably.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong operating cash flow and positive free cash flow
Sustained operating cash generation (TTM OCF $404M; FCF $228M; OCF >2x total debt) provides durable internal funding for dividends, capex and debt servicing. That cash-flow cushion improves solvency and funding optionality through cycles, reducing reliance on equity markets.
Read all positive factors
Park Hotels & Resorts Key Performance Indicators (KPIs)
Any
Revenue by Type
Breaks down revenue sources, such as room bookings and food services, revealing the diversity and stability of income streams.
Breaks down revenue sources, such as room bookings and food services, revealing the diversity and stability of income streams.
Data provided by:
The Fly
The FlyPark Hotels & Resorts (PK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.19B
Dividend Yield6.18%
Average Volume (3M)4.83M
Price to Earnings (P/E)―
Beta (1Y)0.82
Revenue Growth-1.36%
EPS Growth-405.10%
CountryUS
Employees90
SectorReal Estate
Sector Strength53
IndustryREIT - Hotel & Motel
Share Statistics
EPS (TTM)-0.82
Shares Outstanding201,338,330
10 Day Avg. Volume3,863,543
30 Day Avg. Volume4,832,886
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.66
Price to Sales (P/S)0.82
P/FCF Ratio20.41
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$15.05Price Target Upside2.10% Upside
Rating ConsensusHold
Number of Analyst Covering11
EPS Forecast (FY)0.45
Revenue Forecast (FY)$2.52B
Park Hotels & Resorts Business Overview & Revenue Model
Company Description
Park Hotels & Resorts Inc. operates as the second-largest publicly traded real estate investment trust (REIT) focused on the lodging sector. It manages a diversified collection of 60 premium-branded hotels and resorts, which are market leaders and...
How the Company Makes Money
Park Hotels & Resorts makes money primarily by owning hotel real estate and collecting hotel-level cash flows generated by properties that are operated by third-party managers and/or under franchise agreements with major hotel brands. Revenue is e...
Park Hotels & Resorts Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
The call conveyed broad operational and financial momentum: RevPAR, hotel revenues, adjusted EBITDA and margin expansion beat expectations, group demand accelerated, major redevelopments (Royal Palm, Hawaii towers) are ramping and guidance was raised. Management is actively recycling capital, simplifying the portfolio and taking targeted ROI-focused investments that have driven outsized returns in key markets (Hawaii, Orlando, Key West, Bonnet Creek). Near-term challenges include elevated leverage (net debt-to-EBITDA ~6.1x), anticipated expense inflation (3%–4%), transitional drag from Royal Palm stabilization, the Honolulu Convention Center closure through 2027, and a small set of remaining non-core/disputed assets. Overall, positive operating momentum and clearer portfolio focus outweigh the manageable near-term financial and operational headwinds.Positive Updates
Revenue Per Available Room (RevPAR) Growth
Total portfolio RevPAR increased nearly 6% to $217 in Q2 2026 and grew nearly 7% year-over-year excluding Royal Palm South Beach; resort RevPAR increased more than 9% (ex-Royal Palm) and the urban portfolio delivered nearly 4% RevPAR growth. July RevPAR was up 8.5% driven by strength in Hawaii, Key West, Austin, Santa Barbara and Washington, D.C.
Negative Updates
High Leverage Relative to EBITDA
Net debt remained elevated at approximately $3.7 billion with a net debt-to-EBITDA ratio of 6.1x, signaling leverage is still substantial despite a slight sequential improvement (~0.2x reduction).
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Per Available Room (RevPAR) Growth
Total portfolio RevPAR increased nearly 6% to $217 in Q2 2026 and grew nearly 7% year-over-year excluding Royal Palm South Beach; resort RevPAR increased more than 9% (ex-Royal Palm) and the urban portfolio delivered nearly 4% RevPAR growth. July RevPAR was up 8.5% driven by strength in Hawaii, Key West, Austin, Santa Barbara and Washington, D.C.
Read all positive updates
Company Guidance
Park raised 2026 guidance, boosting full‑year RevPAR outlook by about 225 basis points to a new range of +3.0% to +4.5% (anchored by roughly 370 bps of Q2 outperformance and July RevPAR +8.5%), with Q3 expected toward the upper end; adjusted EBITDA guidance was increased by ~ $25M at the midpoint to $617M–$637M and adjusted FFO guidance was raised by about $0.13 at the midpoint to $1.90–$2.00 per share. The updated outlook assumes expense growth of 3%–4%, incorporates an $11M benefit from Q2 property tax appeals and a 20% reduction in insurance premiums, assumes only modest back‑half earnings from the reopened Royal Palm (group ADRs +21% and transient ADRs +53% vs. pre‑renovation, with stabilization expected to add ~ $28M of EBITDA over the next few years), reflects a roughly $3.5M second‑half EBITDA reduction from recent non‑core dispositions, and contemplates full‑year CapEx of $230M–$260M.Park Hotels & Resorts Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
64
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.54B | 2.54B | 2.60B | 2.70B | 2.50B | 1.36B |
| Gross Profit | -190.00M | 50.00M | 745.00M | 746.00M | 693.00M | 227.00M |
| EBITDA | 379.00M | 333.00M | 696.00M | 683.00M | 689.00M | 89.00M |
| Net Income | -163.00M | -283.00M | 212.00M | 97.00M | 162.00M | -459.00M |
Balance Sheet | ||||||
| Total Assets | 7.70B | 7.70B | 9.16B | 9.42B | 9.73B | 9.74B |
| Cash, Cash Equivalents and Short-Term Investments | 264.00M | 232.00M | 402.00M | 717.00M | 906.00M | 688.00M |
| Total Debt | 4.10B | 4.26B | 4.79B | 4.71B | 4.85B | 4.98B |
| Total Liabilities | 4.67B | 4.62B | 5.57B | 5.65B | 5.44B | 5.34B |
| Stockholders Equity | 3.09B | 3.13B | 3.65B | 3.81B | 4.34B | 4.45B |
Cash Flow | ||||||
| Free Cash Flow | 228.00M | 102.00M | 202.00M | 218.00M | 241.00M | -191.00M |
| Operating Cash Flow | 404.00M | 398.00M | 429.00M | 503.00M | 409.00M | -137.00M |
| Investing Cash Flow | -280.00M | -209.00M | -166.00M | -217.00M | 87.00M | 394.00M |
| Financing Cash Flow | -169.00M | -365.00M | -573.00M | -475.00M | -320.00M | -475.00M |
Park Hotels & Resorts Technical Analysis
Positive
14.74
Price Trends
14.74
Positive
13.15
Positive
11.75
Positive
Market Momentum
0.37
Negative
69.86
Neutral
93.02
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PK, the sentiment is Positive. The current price of 14.74 is below the 20-day moving average (MA) of 15.16, above the 50-day MA of 14.74, and above the 200-day MA of 11.75, indicating a bullish trend. The MACD of 0.37 indicates Negative momentum. The RSI at 69.86 is Neutral, neither overbought nor oversold. The STOCH value of 93.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PK.
Park Hotels & Resorts Risk Analysis
Park Hotels & Resorts disclosed 33 risk factors in its most recent earnings report. Park Hotels & Resorts reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Park Hotels & Resorts Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $3.92B | 22.42 | 5.56% | 5.72% | 1.17% | -1.97% | |
70 Outperform | $2.61B | 17.44 | 10.27% | 3.27% | 1.03% | 159.56% | |
70 Outperform | $15.89B | 15.65 | 15.54% | 3.73% | 4.93% | 58.04% | |
67 Neutral | $2.10B | 46.07 | 2.76% | 3.07% | 7.28% | 945.58% | |
66 Neutral | $3.19B | -19.35 | -5.14% | 6.78% | -1.36% | -405.10% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | $1.81B | -262.83 | -0.62% | 2.61% | 1.65% | -112.43% |
* Real Estate Sector Average
PK
Park Hotels & Resorts
15.93
4.97
45.37%
DRH
Diamondrock
12.62
4.37
52.93%
SHO
Sunstone Hotel
11.23
2.01
21.80%
HST
Host Hotels & Resorts
22.43
6.38
39.76%
XHR
Xenia Hotels & Resorts
19.30
5.54
40.22%
APLE
Apple Hospitality REIT
16.55
4.32
35.37%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.