Welcome to our dedicated page for Xenia Hotels & Resorts news (Ticker: XHR), a resource for investors and traders seeking the latest updates and insights on Xenia Hotels & Resorts stock.
Xenia Hotels & Resorts, Inc. reports news as a self-advised and self-administered REIT focused on luxury and upper upscale hotels and resorts in major U.S. lodging markets and key leisure destinations. Company updates commonly cover quarterly operating results, same-property RevPAR, occupancy, ADR, Total RevPAR, hotel EBITDA, non-rooms revenue, group demand, and the performance of renovated or repositioned properties.
Recurring announcements also address portfolio improvements, mortgage debt activity, unencumbered properties, dividends, share repurchases, ATM program availability, annual meeting matters, and relationships with operators and brands including Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, and The Kessler Collection.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) announced it will report its first quarter 2023 financial results after market close on May 2, 2023. A conference call is scheduled for May 3, 2023, at 9:00 AM ET to discuss the results. Participants can join by calling (833) 470-1428 or (929) 526-1599 for international access, using access code 337219. A replay will be available one hour post-call, and a live webcast can be accessed on the Company’s website. Xenia operates 32 hotels with a focus on luxury and upper upscale segments.
Xenia Hotels & Resorts (NYSE: XHR) reported fourth quarter 2022 net income of $35.3 million, or $0.31 per share, with Adjusted EBITDAre at $64.6 million, a 32% increase year-over-year. Full year net income reached $55.9 million, also $0.49 per share. Same-Property RevPAR rose by 21.5% to $166.87 compared to Q4 2021, but decreased 5.1% year-over-year. The company sold three hotels, netting $133.5 million, while acquiring W Nashville for $328.7 million. Looking ahead, Xenia anticipates continued growth in 2023, projecting Adjusted FFO per diluted share between $1.36 and $1.60. The company declared a quarterly dividend of $0.10 per share for Q4 2022.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) announced a cash dividend of $0.10 per share for Q1 2023, payable on April 14, 2023, to shareholders of record as of March 31, 2023. This reflects the company's ongoing commitment to return value to its shareholders. Additionally, Xenia will hold its Annual Meeting of Stockholders on May 16, 2023, with a record date of March 23, 2023, for voting eligibility. Xenia owns 32 luxury and upper upscale hotels across the U.S., showcasing its strategic position in key lodging markets.
Xenia Hotels & Resorts (NYSE: XHR) announced a new $675 million senior unsecured credit facility aimed at enhancing financial flexibility. The facility consists of a $450 million revolving credit line, a $125 million initial term loan, and a $100 million delayed draw term loan. The revolving credit facility matures in January 2027, with interest rates tied to a pricing grid that offers improved terms compared to previous arrangements. Proceeds will be used to pay off existing debts, including a $125 million loan due in September 2024 and a $100 million mortgage loan due in August 2024.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) will report its financial results for Q4 and full year 2022 on March 1, 2023, before the market opens. A conference call is scheduled for 1:00 PM ET the same day, where management will discuss the results. Interested participants can dial (844) 200-6205 for U.S. calls or (929) 526-1599 for international. A live webcast will also be available on the company's website. Xenia owns 32 hotels with 9,508 rooms across 14 states, primarily in luxury and upper upscale segments.