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Park Hotels & Resorts (PK) guidance and outlook
Park Hotels & Resorts (PK) raised some and lowered other parts of its guidance on Nov 4, 2026: Capital expenditures $27.0M for FY2026; EPS −$2.00 for FY2026; FFO per share −$2.00 for FY2026; Operating expenses +4.5% to +5% for FY2026. Park Hotels & Resorts' 10-Q filed Nov 5, 2026 makes 8 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Capital expenditures | FY2026 | $27.0M | raised |
| Revenue | FY2026 | +6% | new |
| EPS | FY2026 | −$2.00 | lowered |
| FFO per share | FY2026 | −$2.00 | lowered |
| Operating expenses | FY2026 | +4.5% to +5% | raised |
| Net income | FY2026 | $62.0M | lowered |
| Depreciation & amortization | FY2026 | $266M | raised |
| FFO | FY2026 | $6.0M | raised |
| FFO | FY2026 | $358M | new |
| Stock-based compensation | FY2026 | $20.0M | reaffirmed |
| FFO | FY2026 | $402M | raised |
From the earnings release filed Nov 4, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- While there can be no assurances that we will not experience further fluctuations in hotel revenues or earnings at our hotels due to inflation and other macroeconomic factors, local economic factors and demand, a potential economic slowdown or a recession, geopolitical conflicts or trends, disapproval of U.S. foreign or domestic policy, or another government or agency shutdown, we are cautiously optimistic for…
- This outlook is based on anticipated benefits from transformative renovations at certain of our hotels, including the recently completed comprehensive renovation and repositioning of the Royal Palm South Beach Miami, a Tribute Portfolio Resort (“Royal Palm”), which reopened in July 2026.
- Because of these limitations, EBITDA, Adjusted EBITDA and Hotel Adjusted EBITDA should not be considered as discretionary cash available to us to reinvest in the growth of our business or as measures of cash that will be available to us to meet our obligations.
- Our commitments to fund capital expenditures for renovations and maintenance at our hotels will be funded by cash and cash equivalents, restricted cash to the extent permitted by our lending agreements and cash flow from operations.
- Therefore, as a general matter, we intend to make distributions of all, or substantially all, of our REIT taxable income (including net capital gains) to our stockholders, and, as a result, we will generally not be required to pay tax on our REIT income.
- Consequently, it is unlikely that we will be able to retain substantial cash balances that could be used to meet our liquidity needs from our annual taxable income.
- Instead, we will need to meet these needs from external sources of capital and amounts, if any, by which our cash flow generated from operations exceeds taxable income.
- We have discussed those estimates that we believe are critical and require the use of complex judgment in their application in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 20, 2026.
Park Hotels & Resorts' latest quarter
Park Hotels & Resorts, Q3 2026: revenue $602M (-1% year over year), operating margin 6.3%, net loss $15.0M, operating cash flow $115M. The chart follows the revenue to costs, profit and cash.
Questions
Did Park Hotels & Resorts raise or lower its guidance?
Park Hotels & Resorts (PK) raised some and lowered other parts of its guidance on Nov 4, 2026: Capital expenditures $27.0M for FY2026; EPS −$2.00 for FY2026; FFO per share −$2.00 for FY2026; Operating expenses +4.5% to +5% for FY2026.
What does Park Hotels & Resorts expect?
While there can be no assurances that we will not experience further fluctuations in hotel revenues or earnings at our hotels due to inflation and other macroeconomic factors, local economic factors and demand, a potential economic slowdown or a recession, geopolitical conflicts or trends, disapproval of U.S. foreign or domestic policy, or another government or agency shutdown, we are cautiously optimistic for… This outlook is based on anticipated benefits from transformative renovations at certain of our hotels, including the recently completed comprehensive renovation and repositioning of th
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.