earnings
confidence high
sentiment neutral
materiality 0.80
Park Hotels Q4 net loss $67M; RevPAR $110.22, up 298% YoY but down 38% vs 2019
Park Hotels & Resorts Inc.
2021-FY EPS reported
-$1.95
revenue$1,362,000,000
- Net loss attributable to stockholders of $67M for Q4 2021, compared to $217M loss in Q4 2020.
- Pro-forma RevPAR $110.22, up 297.9% YoY but down 37.6% vs Q4 2019; occupancy 52.5%.
- Adjusted EBITDA of $81M, a sequential improvement of 3.4% from Q3 2021.
- Full-year 2021 net loss attributable to stockholders $459M; Adjusted FFO per share -$0.57.
- Credit facility amendments extended covenant relief through mid-2022 and modified leverage and coverage covenants.