Xenia Hotels & Resorts Inc Stock Price, News & Analysis

Xenia Hotels & Resorts, Inc. (NYSE: XHR) announced its 2022 Annual Meeting of Stockholders set for May 17, 2022, in Nashville, Tennessee. The record date for eligibility to vote is March 31, 2022. Xenia focuses on luxury and upper upscale hotels, owning 33 properties with 9,468 rooms across 13 states, partnered with leading brands such as Marriott and Hilton.

Xenia Hotels & Resorts, Inc. (NYSE: XHR) has appointed Arlene Isaacs-Lowe to its Board of Directors and the Nominating and Corporate Governance Committee, effective March 14, 2022. This brings the Board's total members to ten, with nine being independent. Ms. Isaacs-Lowe, currently a Special Advisor at Moody's Corporation (NYSE: MCO), is expected to bring valuable insights on ESG initiatives, risk management, and commercial real estate. She will stand for election at the 2022 Annual Meeting of Shareholders.

Xenia Hotels & Resorts, Inc. (NYSE: XHR) has agreed to acquire the 346-key W Nashville for $328.7 million, equating to $950,000 per key. This transaction marks Xenia's 14th property acquisition since its NYSE listing in 2015 and aligns with its strategy of expanding its portfolio in top markets. The hotel, opened in October 2021, features various amenities, including six food and beverage venues and significant meeting space. Xenia expects the acquisition to enhance its earnings, projecting Hotel EBITDA of $25-$30 million upon stabilization. The deal is set to close by the end of Q1 2022.

Xenia Hotels & Resorts reported a net loss attributable to common stockholders of $22.9 million for the fourth quarter of 2021, translating to $0.20 per share. Adjusted EBITDAre stood at $48.9 million with a Same-Property RevPAR of $136.01, down 17.5% compared to Q4 2019. The company sold two hotels generating $41 million and plans to acquire the W Nashville for $328.7 million. Despite the challenges due to the omicron variant, improving trends were noted in February with expected RevPAR recovery.

Xenia Hotels & Resorts (NYSE: XHR) is set to release its fourth quarter and full year 2021 financial results on March 1, 2022, before market opening. A conference call will be held at 1:00 pm ET to discuss the results. Participants can join by dialing (844) 200-6205, using access code 174105. A replay will be available an hour post-call, and a live webcast can be accessed on Xenia's website.

The company specializes in luxury and upper upscale hotels, owning 34 properties across 14 states.

Xenia Hotels & Resorts, Inc. (NYSE: XHR) announced the sale of Kimpton Hotel Monaco Chicago for $36 million, marking a strategic exit from the challenging Chicago market. The sale reflects a 16.7x multiple on 2019 Hotel EBITDA, enhancing the company’s asset quality. Additionally, Xenia sold the Marriott Charleston Town Center for $5 million, further improving its portfolio. As of November 30, 2021, the company reported over $1 billion in liquidity. Despite operational challenges, including significant drops in RevPAR, Xenia's strategy aims for long-term profitability.

Xenia Hotels & Resorts reported a net loss of $22.2 million, or $0.20 per share, for Q3 2021, showing an improvement from a $52.3 million loss in Q3 2020. The company recorded Adjusted EBITDAre of $35.4 million and Adjusted FFO of $15.3 million, up from losses in the previous year. Same-Property RevPAR declined 23.1% to $123.70 compared to Q3 2019, driven by a 55.1% occupancy rate and a 30.4% increase in ADR to $224.54. Total liquidity remains strong at over $1 billion. Despite challenges from the Delta variant and seasonality, October preliminary results show better-than-expected performance.

Xenia Hotels & Resorts, Inc. (NYSE: XHR) will release its third quarter 2021 financial results on November 2, 2021, before market opening. A conference call to discuss these results will be held at 1:00 pm ET on the same day. Participants can join by dialing (844) 200-6205 or (929) 526-1599 for international callers. The call will also be accessible via live webcast on the company's website. Xenia operates 35 hotels in the luxury and upscale segments across 15 states, indicating a significant presence in key U.S. lodging markets.

Xenia Hotels & Resorts (NYSE: XHR) reported a net loss of $(42.0) million for Q2 2021, translating to $(0.36) per share. Adjusted EBITDAre was $27.4 million, with Same-Property RevPAR declining 38.7% year-over-year to $110.45. Year-to-date losses totaled $(98.4) million, or $(0.86) per share. Despite operational challenges, 32 properties generated positive Hotel EBITDA. The company noted improvements in occupancy and RevPAR as of June, with a positive outlook despite concerns over COVID-19. Overall liquidity stood at approximately $1.0 billion as of June 30, 2021.