Access the main content

News

Park Hotels & Resorts reports full year 2017 results

Hilton Hawaiian Village Beach Resort tops Park’s hotels with RevPAR growth of 3.3% for the quarter and 2.9% for the year.

Thomas J. Baltimore, Jr., Chairman, President and Chief Executive Officer, said: “We’ve made great strides in closing the margin gap with our peers, returned nearly $1 billion in cash and stock dividends to stockholders and have made tremendous progress on our capital recycling program through the sale of 12 non-core hotels for gross proceeds of $379 million.”

Full Year 2017 Highlights

• Comparable RevPAR was $163.49, an increase of 0.7% on a Pro-forma basis from the same period in 2016;

• Net income was $2,631 million and net income attributable to stockholders was $2,625 million;

• Adjusted EBITDA was $757 million. 

Top 10 Hotels

RevPAR for Park’s Top 10 Hotels, which accounts for approximately 65% of Hotel Adjusted EBITDA for the year, increased 0.3% for the quarter and declined 0.7% for the year, on a Pro-forma basis, as compared to the same periods in 2016. Top 10 Hotels include:

• Hilton Hawaiian Village Beach Resort;

• New York Hilton Midtown;

• Hilton San Francisco Union Square;

• Parc 55 San Francisco;

• Hilton Waikoloa Village;

• Hilton New Orleans Riverside;

• Hilton Chicago;

• Hilton Orlando Bonnet Creek;

• Waldorf Astoria Orlando;

• Casa Marina, a Waldorf Astoria Resort.

Loading...

You have consulted 10 content. Go back home page or at the top of the page.

Access next article.

Sign up to add topics in favorite. Sign up to add categories in favorite. Sign up to add content in favorite. Register for free to vote for the application.

Already signed up? Already signed up? Already signed up? Already registered?