Park Hotels & Resorts Reports Q4 Earnings

REIT surpasses Wall Street expectations on key profitability metric

Published on Feb. 26, 2026

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Park Hotels & Resorts Inc., a real estate investment trust based in Tysons, Virginia, reported funds from operations of $103 million, or 51 cents per share, in the fourth quarter. This exceeded the average estimate of $0.48 per share from five analysts surveyed by Zacks Investment Research. The company also posted revenue of $629 million in the period, topping the $620.4 million expected by four analysts.

Why it matters

Park Hotels & Resorts' strong Q4 earnings and revenue results indicate the company's recovery from the impacts of the COVID-19 pandemic on the hospitality industry. As a major REIT, Park's performance is seen as a bellwether for the broader hotel and resort sector.

The details

Park Hotels & Resorts reported a net loss of $205 million, or $1.04 per share, in Q4. However, the company's funds from operations, a key profitability metric for REITs, came in at $103 million, exceeding analyst expectations. For the full year 2025, Park reported funds from operations of $394 million and revenue of $2.54 billion. Looking ahead, the company expects full-year 2026 funds from operations in the range of $1.73 to $1.89 per share.

  • Park Hotels & Resorts reported its Q4 2025 earnings on February 19, 2026.

The players

Park Hotels & Resorts Inc.

A real estate investment trust (REIT) that owns and operates hotels and resorts, primarily in the United States.

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What’s next

Park Hotels & Resorts will provide full-year 2026 guidance when it reports its Q1 2026 earnings later this year.

The takeaway

Park Hotels & Resorts' strong Q4 results demonstrate the company's ability to bounce back from the pandemic's impact on the hospitality industry. As a major REIT, Park's performance is seen as an indicator of the broader hotel and resort sector's recovery.