Park Hotels & Resorts (PK) Reports Q4 FFO of $0.68
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Park Hotels & Resorts Inc. Reports Fourth Quarter and Full Year 2017 Results
March 1, 2018 4:16 PM ESTMCLEAN, Va.--(BUSINESS WIRE)-- Park Hotels & Resorts Inc. (Park or the Company) (NYSE: PK) today announced results for the fourth quarter and full year ended December 31, 2017. Highlights include:
Fourth Quarter 2017 Highlights
Comparable RevPAR was $159.50, an increase of 1.7% on a Pro-forma basis from the same period in 2016; excluding the effect of hurricanes on Key West hotels, Comparable RevPAR increased 2.4% from the same period in 2016; Net income was $61 million and net income attributable to stockholders was $60 million; Adjusted EBITDA was $180 million;... More