Park Hotels & Resorts(US:PK)2023-05-01 14:47Financial Performance - Q1 2023 - Comparable RevPAR was $158.84[7], with Comparable Occupancy at 65.0%[7] and Comparable ADR at $244.38[7] - Total Revenues reached $648 million[7], while Operating Income amounted to $80 million[7], resulting in an Operating Income Margin of 12.4%[7] - Comparable Hotel Revenues totaled $623 million[7], and Comparable Hotel Adjusted EBITDA reached $151 million[7], yielding a Comparable Hotel Adjusted EBITDA Margin of 24.2%[7] - Adjusted EBITDA was $146 million[37] Full Year 2023 Outlook - The company anticipates Net Income to be between $113 million and $191 million[60] - Adjusted EBITDA is projected to range from $624 million to $704 million[60] - Hotel Adjusted EBITDA is expected to be between $656 million and $736 million[60] Capital Structure - As of March 31, 2023, the company's Total Debt stood at $4,566 million[29, 55, 154] - Net debt was $3,886 million[55] - The company has approximately $950 million of available capacity under the Revolver[176]