Park Hotels & Resorts Inc. Reports Fourth Quarter and Full Year 2019 Results
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Park Hotels & Resorts (PK) Tops Q4 EPS by 18c, Revenues Beat; Provides FY20 EPS Outlook
February 26, 2020 4:28 PM ESTPark Hotels & Resorts (NYSE: PK) reported Q4 EPS of $0.51, $0.18 better than the analyst estimate of $0.33. Revenue for the quarter came in at $810 million versus the consensus estimate of $782.04 million.
Fourth Quarter 2019 Highlights
Pro-forma Comparable RevPAR was $178.39, an increase of 0.7% from the same period in 2018;Excluding renovation displacement at The Reach Key West, Curio Collection, Pro-forma Comparable RevPAR increased 1.1% from the same period in 2018;Pro-forma Comparable Total RevPAR was $275.63, an increase of 2.1% from the same period in 2018;Net income was $126 million and net income attributable to stockholders was $123 million;Adjusted... More