PARK HOTELS+RESORTS DL-01

Shares of Park Hotels & Resorts climbed premarket after BMO Capital Markets upgraded the stock from “Market Perform” to “Outperform” and raised its price target to $18. BMO cited portfolio reshaping and strong demand prospects and raised its RevPAR forecast for 2026 from 2.9% to 4%. Prior quarterly results beat consensus on AFFO and revenue, and the company plans to tap a delayed-draw credit facility of $700 million in September to cover maturing obligations. Analyst upgrades from Cantor Fitzgerald and Wells Fargo have also supported the share move, leaving the stock near its 52-week high. » More on de.investing.com

Shares of Park Hotels & Resorts rose to a 52-week high of $15.49 after the company reported adjusted earnings of $0.24 per share and revenue of $680 million for Q2 2026, beating consensus expectations. RevPAR increased 5.8% year-on-year and accelerated over the quarter. Management raised full-year guidance for RevPAR, adjusted EBITDA and adjusted FFO per share, citing stronger travel demand, higher room rates and extensive renovations including the reopening of the Royal Palm South Beach. At the same time, Park Hotels continued to divest non-core assets, which slightly improved its leverage ratio. » More on de.investing.com

Park Hotels reported adjusted EPS of $0.24 for Q2 2026 (in line with estimates) and revenue of $680 million, about 2.9% above expectations. RevPAR rose 5.8% to $217, driven by stronger group and leisure demand and renovations; the Royal Palm South Beach reopened after more than $100 million in renovations. Management raised full-year guidance for RevPAR, adjusted EBITDA and adjusted FFO per share, expecting RevPAR growth of 3.0–4.5% and higher adjusted FFO of $1.90–2.00. Risks remain high net debt (around $3.7 billion) and continued elevated capital expenditures, while disposals of non-core assets are intended to improve portfolio quality. » More on de.investing.com