Park Hotels & Resort

Q3 FY2026 EarningsQ3 FY26 results slightly missed revenue expectations but significantly beat on profitability: revenue $602M vs. $603.9M expected, while GAAP EPS of -$0.10 was below the $0.0197 consensus due to $20M in non-cash impairment and severance costs. Core portfolio performance was robust, with group demand up 131% at Hilton Hawaiian Village, offsetting the impact of strategic dispositions. Despite the GAAP loss, Nareit FFO of $0.31 per share exceeded expectations, and the full repayment of the $1.3B HHV mortgage loan significantly de-risked the balance sheet.