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. (NYSE: XHR) is a self-advised and self-administered lodging REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts in the United States. This news page aggregates company announcements, earnings releases, business updates, and other disclosures that Xenia distributes through press releases and SEC-related communications.
Readers can find detailed coverage of Xenia’s quarterly and full-year earnings results, including metrics such as occupancy, average daily rate (ADR), RevPAR, Total RevPAR, net income, Adjusted EBITDAre, Adjusted FFO, and Same-Property Hotel EBITDA. The company regularly issues press releases when it reports results for periods ended March 31, June 30, September 30, and December 31, and these are often accompanied by conference call and webcast details.
News items also include business updates and outlook commentary, where Xenia discusses portfolio performance trends, group demand, revenue mix between rooms and non-rooms categories, and its views on upcoming periods. Capital markets activity is another recurring theme, with releases describing share repurchase activity, dividend declarations, and changes to repurchase authorizations approved by the board of directors.
In addition, Xenia’s news flow covers transaction and capital expenditure activity, such as hotel sales, acquisitions of interests in hotel real estate, and major renovation projects at properties like Grand Hyatt Scottsdale Resort and other branded hotels in the portfolio. Updates on property-level initiatives, including food and beverage concepts and infrastructure upgrades, appear in these communications.
Investors and observers who follow XHR news can use this page to review the company’s historical announcements, track its reported operating trends, and see how management describes the evolution of its luxury and upper upscale hotel and resort portfolio over time.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) announced the sale of Kimpton Hotel Monaco Chicago for $36 million, marking a strategic exit from the challenging Chicago market. The sale reflects a 16.7x multiple on 2019 Hotel EBITDA, enhancing the company’s asset quality. Additionally, Xenia sold the Marriott Charleston Town Center for $5 million, further improving its portfolio. As of November 30, 2021, the company reported over $1 billion in liquidity. Despite operational challenges, including significant drops in RevPAR, Xenia's strategy aims for long-term profitability.
Xenia Hotels & Resorts reported a net loss of $22.2 million, or $0.20 per share, for Q3 2021, showing an improvement from a $52.3 million loss in Q3 2020. The company recorded Adjusted EBITDAre of $35.4 million and Adjusted FFO of $15.3 million, up from losses in the previous year. Same-Property RevPAR declined 23.1% to $123.70 compared to Q3 2019, driven by a 55.1% occupancy rate and a 30.4% increase in ADR to $224.54. Total liquidity remains strong at over $1 billion. Despite challenges from the Delta variant and seasonality, October preliminary results show better-than-expected performance.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) will release its third quarter 2021 financial results on November 2, 2021, before market opening. A conference call to discuss these results will be held at 1:00 pm ET on the same day. Participants can join by dialing (844) 200-6205 or (929) 526-1599 for international callers. The call will also be accessible via live webcast on the company's website. Xenia operates 35 hotels in the luxury and upscale segments across 15 states, indicating a significant presence in key U.S. lodging markets.
Xenia Hotels & Resorts (NYSE: XHR) reported a net loss of $(42.0) million for Q2 2021, translating to $(0.36) per share. Adjusted EBITDAre was $27.4 million, with Same-Property RevPAR declining 38.7% year-over-year to $110.45. Year-to-date losses totaled $(98.4) million, or $(0.86) per share. Despite operational challenges, 32 properties generated positive Hotel EBITDA. The company noted improvements in occupancy and RevPAR as of June, with a positive outlook despite concerns over COVID-19. Overall liquidity stood at approximately $1.0 billion as of June 30, 2021.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) will report its second quarter 2021 financial results on August 3, 2021, before market opening. A conference call to discuss the results is scheduled for 1:00 PM ET on the same day. Participants can dial (855) 656-0921 or (412) 542-4169 for international calls to join the discussion. A replay will be available shortly after the call, and a live webcast can be accessed via the company's website, where it will be archived for 90 days. Xenia operates 35 hotels, offering a strong presence in the luxury and upper upscale segments.
Xenia Hotels & Resorts (NYSE: XHR) reported all 35 of its hotels are operational as of June 3, 2021, with a positive occupancy increase in May 2021 to 50%. The company's average daily rate was $216, leading to a RevPAR of $108. Financially, Xenia secured $500 million in senior secured notes to enhance liquidity, totaling approximately $1 billion. Amendments to credit facilities provide increased flexibility, and the ATM program has been upsized by $200 million for further capital raising. Management remains optimistic about recovery driven by leisure demand.
Xenia Hotels & Resorts announced the appointment of Terrence Moorehead to its Board of Directors, effective May 25, 2021. This increases the Board to nine members, with eight being independent. Moorehead, CEO of Nature's Sunshine Products, brings expertise in high-end consumer products and health and wellness, relevant to Xenia's upscale lodging focus. His diverse experience includes executive roles at Avon and other companies. Moorehead expressed enthusiasm about joining Xenia and aims to enhance shareholder value through collaboration with the management team.
Xenia Hotels & Resorts announced the successful pricing of $500 million in senior secured notes due 2029, upsized from an earlier $400 million. These notes feature a fixed interest rate of 4.875% and will close on May 27, 2021. Proceeds will be used to repay existing debt and for general corporate purposes. Concurrently, the company received consents for amendments to credit facilities to facilitate the new notes, including waiving certain acquisition limitations. The notes will only be offered to qualified institutional buyers and are not registered under the Securities Act.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) announced its intent to offer $400 million in senior secured notes due 2029. These notes will be guaranteed by the Company and certain subsidiaries. The proceeds will be used to repay existing borrowings and for general corporate purposes. The offering is restricted to qualified institutional buyers and non-U.S. persons outside the United States. Xenia operates 35 hotels across the U.S., focusing on luxury and upper upscale markets.
Xenia Hotels & Resorts (NYSE: XHR) reported a net loss of $(56.4) million or $(0.50) per share for Q1 2021, representing a 55.9% increase in losses from the same quarter in 2020. Adjusted EBITDAre stood at $(3.6) million, while Adjusted FFO per diluted share was $(0.18). Despite the losses, March showed improvements with a 45.4% occupancy rate and a RevPAR of $91.69. The company anticipates continued growth in leisure demand and is optimistic about a gradual recovery in business travel as vaccination rates increase. Xenia has $715 million in total liquidity as of March 31, 2021.
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