PARK HOTELS+RESORTS DL-01

Park Hotels & Resorts announced the departure of Executive Vice President and Chief Investment Officer Thomas C. Morey; his employment ended on Monday and a separation and release agreement was executed. Morey is entitled to severance payments and benefits under company policy, with payment contingent on compliance with a 12‑month non‑solicit and non‑compete period and a seven‑day revocation window. No successor was named. The company also reported Q2 results that matched earnings estimates and beat revenue expectations, raised guidance and continued selling non‑core assets. » Más en de.investing.com

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. » Más en 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. » Más en de.investing.com