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 real estate investment trust (REIT) specializing in premium full-service, lifestyle, and urban upscale hotels across the United States. Focused on the top 25 lodging markets and key leisure destinations, Xenia's portfolio comprises 32 hotels and resorts with a total of 9,515 rooms in 14 states. Key hotel brands under the Xenia banner include industry giants such as Marriott, Hilton, Hyatt, Kimpton, Aston, Fairmont, and Loews.
Recent achievements highlight Xenia's operational efficiency and strategic asset management. For the third quarter of 2023, the company's Same-Property portfolio recorded a RevPAR increase of 0.4% compared to the previous year. Excluding the Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch, the RevPAR grew by 4.0%. Significant renovations at properties like Grand Bohemian Hotel Orlando and Kimpton Hotel Monaco Salt Lake City have temporarily impacted results but are expected to drive higher returns in the coming years.
As of September 30, 2023, Xenia reported a total outstanding debt of approximately $1.4 billion, with a weighted-average interest rate of 5.46%. The company's liquidity stands strong with approximately $219 million in cash and cash equivalents and a full-availability revolving line of credit, amounting to about $669 million in total liquidity.
In the capital markets, Xenia has been proactive. In the third quarter of 2023, the company repurchased over 2 million shares of common stock at an average price of $12.09 per share, amounting to a total consideration of around $25 million. This was followed by additional repurchases in the fourth quarter, further solidifying shareholder value.
Looking ahead, Xenia remains focused on completing its major renovation projects, such as the transformative upgrade of the Hyatt Regency Scottsdale to a Grand Hyatt. The company is optimistic that these enhancements will yield significant future returns.
Xenia's financial discipline is evident from its updated full-year outlook for 2023, which considers potential macroeconomic uncertainties. Despite challenges, the company continues to deliver solid performance, supported by strategic asset management and rigorous expense controls.
For more detailed financial information and updates, Xenia regularly engages with its investors through quarterly earnings calls and maintains a comprehensive Investor Relations section on its website, www.xeniareit.com.
Xenia Hotels & Resorts (NYSE: XHR) has announced a quarterly cash dividend of $0.12 per share for the fourth quarter 2024. The dividend will be paid on January 15, 2025, to shareholders of record as of December 31, 2024. The company is a self-advised and self-administered REIT that owns 31 hotels with 9,408 rooms across 14 states, focusing on luxury and upper upscale segments in top 25 lodging markets and key leisure destinations in the United States.
Xenia Hotels & Resorts (NYSE: XHR) announced that its operating partnership, XHR LP, has priced a $400 million offering of senior notes due 2030, upsized from the previously announced $365 million. The notes carry a 6.625% fixed annual interest rate and will mature on May 15, 2030. The proceeds will be used to redeem outstanding 6.375% senior notes due 2025, pay related fees, and for general corporate purposes. The notes will be offered exclusively to qualified institutional buyers and certain non-U.S. persons in offshore transactions.
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.
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