Park Hotels & Resorts (PK) Tops Q3 FFO by 6c
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Park Hotels & Resorts Inc. Reports Third Quarter 2018 Results
November 1, 2018 4:15 PM EDTTYSONS, Va.--(BUSINESS WIRE)-- Park Hotels & Resorts Inc. (Park or the Company) (NYSE: PK) today announced results for the third quarter ended September30, 2018. Highlights include:
Third Quarter 2018 Highlights
Comparable RevPAR was $175.38, an increase of 2.6% from the same period in 2017; Comparable RevPAR increased 3.2% from the same period in 2017 excluding disruption from weather-related events and the labor strike in Chicago; Net income was $55 million and net income attributable to stockholders was $52 million; Adjusted EBITDA was $168 million; Adjusted FFO... More