Park Hotels updates 2025 outlook for Hyatt Centric sale; April RevPAR +1.8%, May -4.4%

Park Hotels & Resorts Inc.

Q1 2025 RevPAR -0.9% YoY; Comparable Hotel Adjusted EBITDA margin down 270 bps.
Preliminary April RevPAR +1.8% YoY; May RevPAR -4.4% YoY (impacted by Royal Palm renovation and Hawaii post-strike).
2025 outlook adjusted to $588–648M Adjusted EBITDA (midpoint unchanged); RevPAR growth (1.0%) to 2.0%.
Sold Hyatt Centric Fisherman's Wharf for $80M in May 2025; $2M EBITDA impact for rest of year.
Core portfolio 5Y RevPAR CAGR forecasted at 3%+ (2024-2029); $1B ROI pipeline.

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