Xenia Hotels & Resorts Inc Stock Price, News & Analysis

Xenia Hotels & Resorts (NYSE: XHR) announced that its operating partnership, XHR LP, plans to offer $365 million in senior notes due 2030. The proceeds, combined with borrowings under the company's amended credit agreement from November 4, 2024, will be used to fully redeem outstanding 6.375% senior notes due 2025. The new notes will be senior obligations of XHR LP and guaranteed by Xenia and certain subsidiaries. The offering is to qualified institutional buyers and non-U.S. persons in offshore transactions. Xenia currently owns 31 hotels comprising 9,408 rooms across 14 states.

Xenia Hotels & Resorts (NYSE: XHR) reported Q3 2024 results with a net loss of $7.1 million ($0.07 per share). Key metrics showed mixed performance with Same-Property RevPAR increasing 1.5% to $161.20, while Adjusted EBITDAre decreased 4.4% to $44.3 million compared to Q3 2023. The company experienced higher occupancy (+320 basis points) but lower ADR (-3.3%). Notable events include selling Lorien Hotel & Spa for $30 million and completing major renovations at Grand Hyatt Scottsdale Resort. The company updated its full-year 2024 guidance, projecting RevPAR growth of 1.25-2.25% and Adjusted FFO per share of $1.54-$1.62.

Xenia Hotels & Resorts, Inc. (NYSE: XHR) has announced a cash dividend of $0.12 per share for the third quarter of 2024. The dividend will be paid on October 15, 2024 to shareholders of record as of September 30, 2024. Xenia is a self-advised and self-administered REIT focusing on luxury and upper upscale hotels in top U.S. lodging markets and key leisure destinations. The company owns 31 hotels with 9,408 rooms across 14 states, operated by industry leaders such as Marriott, Hyatt, and Hilton.

Xenia Hotels & Resorts, Inc. (NYSE: XHR) has announced the timing of its Third Quarter 2024 earnings release and conference call. The company will report financial results after market close on Wednesday, November 6, 2024, followed by a conference call on Thursday, November 7, 2024, at 11:00 am (Eastern Time). Investors can participate by dialing (833) 470-1428 with access code 348028. A live webcast and replay will be available on the company's website. Xenia Hotels & Resorts is a self-advised REIT focusing on luxury and upper upscale hotels in top U.S. lodging markets, owning 31 hotels with 9,408 rooms across 14 states.

Xenia Hotels & Resorts (NYSE: XHR) reported its Q2 2024 results. Key highlights include:

- Net income of $15.3 million, or $0.15 per share
- Adjusted EBITDAre of $68.4 million, down 8.4% YoY
- Adjusted FFO per share of $0.52, up 10.6% YoY
- Same-Property RevPAR of $185.69, up 1.8% YoY
- Same-Property Hotel EBITDA of $73.4 million, down 7.5% YoY

The company saw strong RevPAR growth in Q2, with Same-Property RevPAR excluding Hyatt Regency Scottsdale up 5% YoY. However, due to softer leisure demand and expense pressures, Xenia lowered its full-year Adjusted EBITDAre guidance. The company continues to progress on its transformative renovation of Hyatt Regency Scottsdale, expected to drive growth in 2025 and beyond.

Xenia Hotels & Resorts (NYSE: XHR) announced the sale of Lorien Hotel & Spa in Alexandria, VA for $30 million, equating to approximately $280,000 per room. The transaction reflects a 21.3x multiple and a 3.1% capitalization rate based on Hotel EBITDA and Net Operating Income over the last twelve months. The proceeds will be used for general corporate purposes such as share repurchases, debt repayment, capital expenditures, and acquisitions. Xenia owns 31 luxury and upper upscale hotels with 9,408 rooms across 14 states.

Xenia Hotels & Resorts (NYSE: XHR) will release its second quarter 2024 earnings on August 1, 2024, after market close. A conference call to discuss the results will be held on August 2, 2024, at 11:00 am ET. To participate, dial (833) 470-1428 using code 497215. A replay will be available at (866) 813-9403, code 302069. The call will also be webcast live on Xenia's website, www.xeniareit.com, and archived for 90 days.

Xenia owns 32 luxury and upper upscale hotels across the U.S., with properties affiliated with major brands like Marriott, Hyatt, and Hilton. The company focuses on premier lodging markets and key leisure destinations.

Xenia Hotels & Resorts (NYSE: XHR) announced a cash dividend of $0.12 per share for Q2 2024. The dividend will be paid on July 15, 2024, to shareholders of record as of June 28, 2024.

Xenia is a self-advised and self-administered REIT investing in luxury and upper upscale hotels, owning 32 hotels with 9,515 rooms across 14 states. Their portfolio includes properties operated by Marriott, Hyatt, and other industry leaders.

Xenia Hotels & Resorts, Inc. reported Q1 2024 results with Net Income of $8.5 million, Adjusted EBITDAre of $65.3 million, and Same-Property RevPAR at $176.86. Despite a decrease in some metrics, there was growth in key areas like Same-Property Occupancy and Same-Property Hotel Net Income. The Company repurchased shares and declared a dividend, showing financial stability.