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Xenia Hotels & Resorts, Inc. - XHR STOCK NEWS

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.

Rhea-AI Summary

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.

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Xenia Hotels & Resorts, Inc. (XHR) will announce its financial results for the first quarter of 2024 on May 2, 2024, followed by a conference call on May 3, 2024. Investors can participate by dialing in or accessing the webcast.
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Xenia Hotels & Resorts, Inc. (XHR) announced its financial results for Q4 2023 and full year 2023. Despite challenges, the company reported positive net income and adjusted EBITDAre. However, there were declines in Same-Property metrics like occupancy, ADR, and RevPAR. The company focused on cost controls and completed significant renovation projects. Share repurchases and dividend increases highlighted capital allocation priorities.
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Xenia Hotels & Resorts, Inc. (XHR) sets the date for its 2024 Annual Meeting of Stockholders in Orlando, Florida. The record date for voting is March 21, 2024.
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Xenia Hotels & Resorts, Inc. (NYSE: XHR) will report financial results for the fourth quarter and full year 2023 before the market opens on Tuesday, February 27, 2024. Management will discuss the Company's results during a conference call at 1:00 pm (Eastern Time) that day.
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Xenia Hotels & Resorts, Inc. (NYSE: XHR) Announces Q4 2023 Dividend and $100M Share Repurchase Authorization
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Xenia Hotels & Resorts, Inc. reported a net loss of $8.5 million, or $0.08 per share, for the third quarter of 2023. Adjusted EBITDAre was $46.3 million, a decrease of 13.9% compared to the same quarter last year. Same-Property occupancy increased by 70 basis points to 63.8%, while Same-Property ADR decreased by 0.6% to $248.58. Same-Property RevPAR increased by 0.4% to $158.48. The company repurchased 2,070,777 shares of common stock for approximately $25.0 million.
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Xenia Hotels & Resorts announces cash dividend of $0.10 per share for Q3 2023.
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Xenia Hotels & Resorts to report Q3 2023 financial results on October 31, 2023
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FAQ

What is the current stock price of Xenia Hotels & Resorts (XHR)?

The current stock price of Xenia Hotels & Resorts (XHR) is $15.14 as of December 20, 2024.

What is the market cap of Xenia Hotels & Resorts (XHR)?

The market cap of Xenia Hotels & Resorts (XHR) is approximately 1.5B.

What is Xenia Hotels & Resorts, Inc.?

Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that invests in premium full-service, lifestyle, and urban upscale hotels across the United States.

Which brands operate under Xenia's portfolio?

Xenia's hotels are operated by top brands such as Marriott, Hilton, Hyatt, Kimpton, Aston, Fairmont, and Loews.

How many hotels does Xenia own?

As of the latest update, Xenia owns 32 hotels and resorts, comprising a total of 9,515 rooms across 14 states in the United States.

What were the key highlights for Xenia in the third quarter of 2023?

In Q3 2023, Xenia's Same-Property portfolio saw a RevPAR increase of 0.4% year-over-year. Excluding the Hyatt Regency Scottsdale, the increase was 4.0%. Major renovations at some properties are nearing completion, expected to drive future returns.

What is Xenia's total outstanding debt as of September 30, 2023?

As of September 30, 2023, Xenia had a total outstanding debt of approximately $1.4 billion, with a weighted-average interest rate of 5.46%.

What recent repurchase activities have Xenia undertaken?

In Q3 2023, Xenia repurchased over 2 million shares of common stock at an average price of $12.09 per share, totaling around $25 million. Additional repurchases occurred in Q4.

What are the major renovation projects Xenia is working on?

Xenia is working on several significant projects, including the transformative renovation and upbranding of the Hyatt Regency Scottsdale to a Grand Hyatt.

What is Xenia's liquidity position as of September 30, 2023?

Xenia's liquidity includes approximately $219 million in cash and cash equivalents, plus full availability on its revolving line of credit, resulting in total liquidity of approximately $669 million.

How does Xenia communicate financial updates to investors?

Xenia communicates with investors through quarterly earnings calls and maintains detailed financial updates in the Investor Relations section of its website, www.xeniareit.com.

What is Xenia's outlook for the full year 2023?

Xenia's updated full-year outlook for 2023 reflects limited visibility due to macroeconomic uncertainty. Despite challenges, the company continues to focus on asset management and expense control to deliver solid performance.

Xenia Hotels & Resorts, Inc.

NYSE:XHR

XHR Rankings

XHR Stock Data

1.53B
100.84M
0.96%
94.62%
3.47%
REIT - Hotel & Motel
Hotels & Motels
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United States of America
ORLANDO