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) 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.
Monitor critical updates including quarterly earnings reports, asset repositioning initiatives, and management partnership announcements with brands like Marriott and Hyatt. The collection serves analysts seeking performance metrics and renovation progress across key US markets.
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Xenia Hotels & Resorts (NYSE: XHR) reported fourth quarter 2022 net income of $35.3 million, or $0.31 per share, with Adjusted EBITDAre at $64.6 million, a 32% increase year-over-year. Full year net income reached $55.9 million, also $0.49 per share. Same-Property RevPAR rose by 21.5% to $166.87 compared to Q4 2021, but decreased 5.1% year-over-year. The company sold three hotels, netting $133.5 million, while acquiring W Nashville for $328.7 million. Looking ahead, Xenia anticipates continued growth in 2023, projecting Adjusted FFO per diluted share between $1.36 and $1.60. The company declared a quarterly dividend of $0.10 per share for Q4 2022.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) announced a cash dividend of $0.10 per share for Q1 2023, payable on April 14, 2023, to shareholders of record as of March 31, 2023. This reflects the company's ongoing commitment to return value to its shareholders. Additionally, Xenia will hold its Annual Meeting of Stockholders on May 16, 2023, with a record date of March 23, 2023, for voting eligibility. Xenia owns 32 luxury and upper upscale hotels across the U.S., showcasing its strategic position in key lodging markets.
Xenia Hotels & Resorts (NYSE: XHR) announced a new $675 million senior unsecured credit facility aimed at enhancing financial flexibility. The facility consists of a $450 million revolving credit line, a $125 million initial term loan, and a $100 million delayed draw term loan. The revolving credit facility matures in January 2027, with interest rates tied to a pricing grid that offers improved terms compared to previous arrangements. Proceeds will be used to pay off existing debts, including a $125 million loan due in September 2024 and a $100 million mortgage loan due in August 2024.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) will report its financial results for Q4 and full year 2022 on March 1, 2023, before the market opens. A conference call is scheduled for 1:00 PM ET the same day, where management will discuss the results. Interested participants can dial (844) 200-6205 for U.S. calls or (929) 526-1599 for international. A live webcast will also be available on the company's website. Xenia owns 32 hotels with 9,508 rooms across 14 states, primarily in luxury and upper upscale segments.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) has finalized the sale of the Kimpton Hotel Monaco Denver for $69.75 million, equating to approximately $369,000 per room. This transaction entails a 14.9x multiple on 2019 Hotel EBITDA and a 20.6x multiple on EBITDA for the twelve months ending September 30, 2022. Proceeds will be allocated for general corporate purposes, potentially including share repurchases, debt repayment, and acquisitions aligned with the company's long-term strategy.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) has declared a cash dividend of $0.10 per share for Q4 2022, payable on January 13, 2023, to shareholders of record as of December 30, 2022. Additionally, the company authorized a $100 million increase in its share repurchase program, bringing the total repurchase authorization to approximately $173 million. The repurchase may occur through open market transactions or private negotiations, subject to the Board's discretion.
Xenia Hotels & Resorts (XHR) reported a net loss of $1.7 million for Q3 2022, with adjusted EBITDA increasing by 52.1% year-over-year to $53.8 million. Adjusted FFO per diluted share rose to $0.31, up 138.5% compared to Q3 2021. Same-property occupancy increased 880 basis points to 64.2%, while average daily rate (ADR) rose 8.7% to $247.74. The company reinstated a quarterly dividend of $0.10 per share and is optimistic about improving demand trends. Notably, two non-strategic hotel sales were executed to enhance liquidity. The outlook for 2022 anticipates net income between $35 million and $43 million.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) announced the reinstatement of its quarterly cash dividend at $0.10 per share for Q3 2022. The dividend will be paid on October 14, 2022 to shareholders on record as of September 30, 2022. Future dividends will be contingent upon Board approval. Xenia specializes in luxury and upper upscale hotels and resorts across top U.S. markets, owning 34 properties with 9,812 rooms. This move signals confidence in ongoing operations and financial stability.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) will announce its third-quarter 2022 financial results on November 2, 2022, before market open. A conference call will follow at 1:00 PM ET on the same day, allowing investors to discuss the results. Participation requires dialing (844) 200-6205 with access code 949442. A live webcast will also be available on the company's website. Xenia invests in luxury and upper upscale hotels, owning 34 properties across 14 states, with renowned operators like Marriott and Hilton.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) reported robust financial results for Q2 2022, posting a net income of $27.6 million ($0.24 per share), marking a 165.8% increase from Q2 2021. Adjusted EBITDAre reached $88.6 million, a 223.6% year-over-year increase. Same-Property RevPAR rose 64.4% to $186.75, while occupancy stood at 69.8%. Looking ahead, the company forecasts a full-year net income between $22 million and $50 million, with a Same-Property RevPAR change projected between 42% and 48% compared to 2021.
