What does core hotels — hotel adjusted EBITDA mean?

Measures the operating profitability of the core hotel segment by adjusting earnings for interest, taxes, depreciation, and amortization, while excluding non-recurring or non-cash items. This metric provides a normalized view of the cash-generating ability of the hotel properties. It is a key performance indicator used by investors to assess the underlying operational health of the core business.

Park Hotels & Resorts Inc. (PK) Core Hotels — Hotel Adjusted EBITDA

Screener

Other segment segments

Non-Core Hotels

$26M+4.0%

Similar metrics at other companies

SVCHotels — Hotel operating revenues

$320.07M-20.9%

BHRDirect Hotel Investments — Hotel adjusted EBITDA

$75.46M+6.7%

INNReportable Segments — Hotel EBITDA

$72.58M+6.3%

RLJReportable Segment — Hotel EBITDA

$119.62M+5.5%

SHO

SHOHotel Owned — Number Of Hotels Managed By Third Party Manager

14-6.7%

DRHHotel ownership — Other hotel expenses

$7.91M-11.1%

Other financials

Income statement

See full

Revenue$680.0M+1.2%

Operating income$95.0M+46.2%

Net income$47.0M+1,040%

EPS (diluted)$0.24+1,300%

Balance sheet

See full

Cash & equivalents$302.0M-13.0%

Total debt$4.3B-22.8%

Total equity$3.1B-10.3%

Total assets$7.7B-13.2%

Cash flow

See full

Operating cash flow$141.0M+30.6%

CapEx$64.0M+48.8%

Free cash flow$77.0M+18.5%

Valuation

See full

Market cap$2.97B+45.5%

Enterprise value$7B-4.1%

P/S1.2×+0.4×

Profitability

See full

Operating margin2%-7.7pp

Net margin-6.4%-8.7pp

FCF margin3.3%-4.0pp

Returns & leverage

See full

Return on equity-5%-6.6pp

Debt / equity1.4×-0.2×

Where this comes from

Reported directly by Park Hotels & Resorts Inc. in its filing.

Tagged under the XBRL concept pk:HotelAdjustedEBITDA.

The source filing: Park Hotels & Resorts Inc.’s 10-Q, filed August 7, 2026.

Filed: Aug 7, 2026, 4:02 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0001617406-26-000042

Line item	Three Months Ended June 30, 2026 / Total	Three Months Ended June 30, 2026 / Core Hotels	Three Months Ended June 30, 2026 / Non-Core Hotels	Three Months Ended June 30, 2025 / Total	Three Months Ended June 30, 2025 / Core Hotels	Three Months Ended June 30, 2025 / Non-Core Hotels	Six Months Ended June 30, 2026 / Total	Six Months Ended June 30, 2026 / Core Hotels	Six Months Ended June 30, 2026 / Non-Core Hotels	Six Months Ended June 30, 2025 / Total	Six Months Ended June 30, 2025 / Core Hotels	Six Months Ended June 30, 2025 / Non-Core Hotels
Management fees	33	29	4	31	27	4	63	55	8	61	52	9
Other property segment expenses(1)	37	35	2	48	36	12	90	75	15	101	75	26
Total segment expenses	448	378	70	458	359	99	895	747	148	915	717	198
Hotel Adjusted EBITDA	208	$182	$26	191	$166	$25	359	$323	$36	342	$310	$32
Other revenues	24			23			48			45
Depreciation and amortization expense	(66)			(122)			(130)			(191)
Corporate general and administrative expense	(20)			(19)			(38)			(37)
Impairment and casualty loss	(22)			—			(27)			(70)

Item 1. Financial Statements (unaudited)

FAQ

What is Park Hotels & Resorts Inc.'s core hotels — hotel adjusted EBITDA?: Park Hotels & Resorts Inc. (PK) reported core hotels — hotel adjusted EBITDA of $182M in Q2 2026.
How has Park Hotels & Resorts Inc.'s core hotels — hotel adjusted EBITDA changed year-over-year?: Park Hotels & Resorts Inc.'s core hotels — hotel adjusted EBITDA increased by 9.6% year-over-year, from $166M to $182M.
What does core hotels — hotel adjusted EBITDA mean?: Measures the operating profitability of the core hotel segment by adjusting earnings for interest, taxes, depreciation, and amortization, while excluding non-recurring or non-cash items. This metric provides a normalized view of the cash-generating ability of the hotel properties. It is a key performance indicator used by investors to assess the underlying operational health of the core business.