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Xenia Hotels & Resorts Inc (NYSE: XHR) maintains a curated news hub for investors tracking this hospitality REIT's strategic moves in luxury accommodations. Our repository provides immediate access to official financial updates, property acquisitions, and operational developments across XHR's portfolio of premium hotels.
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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.
