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 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.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) will report financial results for Q1 2021 on May 6, 2021, before market opens. A conference call will follow at 1:00 pm ET to discuss the results. Participants can join by dialing (855) 656-0921 or (412) 542-4169 from international locations. A live webcast will also be accessible on the Company's website. Xenia operates 35 hotels with 10,011 rooms across the U.S., focusing on luxury and upscale accommodations managed by top industry brands.
Xenia Hotels & Resorts (NYSE: XHR) reported its Q4 and full-year 2020 results, facing significant challenges from COVID-19. Q4 net income was $24.3 million, or $0.22 per share, while the full year net loss was $163.3 million, or $1.44 per share. The company sold four hotels for approximately $391 million to improve its portfolio quality and liquidity, which stood at $750 million at year-end. Same-Property RevPAR for Q4 was $50.82, down 68.5% year-over-year, but showed a 20% sequential increase. Adjusted EBITDAre for Q4 was $(10.1) million, indicating ongoing operational struggles.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) has scheduled its 2021 Annual Meeting of Stockholders for May 18, 2021, in Orlando, Florida. The record date to determine stockholders eligible to vote is set for March 31, 2021. Xenia is a self-advised REIT focused on luxury and upper upscale hotels, owning 35 properties with over 10,000 rooms across 15 states. Their hotels are operated by leading brands such as Marriott and Hilton. For more details, visit www.xeniareit.com.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) will announce its fourth quarter and full year 2020 financial results on March 1, 2021, before market opening. Management will host a conference call at 1:00 pm (ET) to discuss these results. Interested participants can dial in using (855) 656-0921 (or (412) 542-4169 internationally). A replay of the call will be available one hour after it concludes. Xenia operates 35 hotels with over 10,011 rooms across the U.S., particularly in major lodging markets.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) completed the sale of the 245-room Hotel Commonwealth in Boston for $113.0 million and the 492-room Renaissance Austin Hotel for $70.0 million. The sales yielded approximately $461,000 and $142,000 per key, respectively. Year-to-date, Xenia has sold four hotels totaling nearly $400 million, providing significant capital and enhancing balance sheet flexibility. The Hotel Commonwealth sale achieved an 11.8x multiple on 2019 Hotel EBITDA, while the Renaissance Austin sale had a 6.8x multiple. Proceeds will be used for debt repayment and corporate purposes.
Xenia Hotels & Resorts (NYSE: XHR) reported its Q3 2020 results, revealing that 36 of 37 hotels were operational, with a liquidity of approximately $600 million. Despite a net loss of $52.3 million ($0.46 per share) for the quarter, the company's adjusted EBITDAre was $(21.1) million. Significant hotel sales included Residence Inn Boston Cambridge for $107.5 million and Marriott Napa Valley for $100.1 million. Financial covenants were relaxed until Q1 2023, and the company has no debt maturities until 2023, positioning it for gradual recovery amidst ongoing COVID-19 challenges.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) announced the pricing of $200 million in 6.375% senior secured notes due in 2025, up from a previously announced $150 million. The offering is set to close on October 20, 2020, with proceeds intended to fully repay two term loans maturing in 2022. The notes will carry a fixed annual interest rate of 6.375% and will be guaranteed by the company and its subsidiaries. The notes are considered 'additional notes' under an existing indenture from August 18, 2020. This press release does not constitute an offer to sell or solicitation to buy the notes.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) has announced a proposed offering of $150 million in 6.375% senior secured notes due in 2025. The offering aims to repay existing borrowings and support general corporate purposes. The notes will be secured obligations of XHR LP and guaranteed by the company and its subsidiaries. This new issuance follows a previous offering of $300 million in senior secured notes made in August 2020. The notes will only be offered to qualified institutional buyers and not registered under the Securities Act.