Financial Performance - Net loss attributable to stockholders for the three months ended September 30, 2025 was $16 million, compared to a net income of $54 million for the same period in 2024[14] - Net loss attributable to stockholders for the nine months ended September 30, 2025 was $78 million, compared to a net income of $146 million for the same period in 2024[14] - Adjusted EBITDA for the three months ended September 30, 2025 was $130 million, compared to $159 million for the same period in 2024[18] - Adjusted EBITDA for the nine months ended September 30, 2025 was $457 million, compared to $514 million for the same period in 2024[18] - Comparable Hotel Adjusted EBITDA for the three months ended September 30, 2025 was $141 million, a decrease of 159% compared to $167 million in 2024[20] - Comparable Hotel Adjusted EBITDA for the nine months ended September 30, 2025 was $483 million, a decrease of 94% compared to $533 million in 2024[20] - Comparable Hotel Revenues for the three months ended September 30, 2025 were $585 million, a decrease of 43% compared to $611 million in 2024[20] - Comparable Hotel Revenues for the nine months ended September 30, 2025 were $1828 million, a decrease of 18% compared to $1862 million in 2024[20] Capital Structure - As of September 30, 2025, total debt was $3839 million[13] - Net Debt as of September 30, 2025, was $3706 million[26] - The company has $1 billion of available capacity under the Revolver and $800 million of its 2025 Delayed Draw Term Loan available as of October 30, 2025[88] Outlook - The company expects a full-year 2025 net loss attributable to stockholders between $66 million and $41 million[31] - The company expects full-year 2025 Adjusted EBITDA between $595 million and $620 million[31]

About Park and Safe Harbor Disclosure About Park Hotels & Resorts Inc. Park (NYSE: PK) is one of the largest publicly-traded lodging real estate investment trusts ("REIT") with a diverse portfolio of iconic and market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 43 premium-branded hotels and resorts with over 26,000 rooms primarily located in prime city center and resort locations. Visit www.pkhotelsandresorts.com for more information. Forw ...