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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.
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, Inc. (NYSE: XHR) will report financial results for Q1 2021 on May 6, 2021, before market opens. A conference call will follow at 1:00 pm ET to discuss the results. Participants can join by dialing (855) 656-0921 or (412) 542-4169 from international locations. A live webcast will also be accessible on the Company's website. Xenia operates 35 hotels with 10,011 rooms across the U.S., focusing on luxury and upscale accommodations managed by top industry brands.
Xenia Hotels & Resorts (NYSE: XHR) reported its Q4 and full-year 2020 results, facing significant challenges from COVID-19. Q4 net income was $24.3 million, or $0.22 per share, while the full year net loss was $163.3 million, or $1.44 per share. The company sold four hotels for approximately $391 million to improve its portfolio quality and liquidity, which stood at $750 million at year-end. Same-Property RevPAR for Q4 was $50.82, down 68.5% year-over-year, but showed a 20% sequential increase. Adjusted EBITDAre for Q4 was $(10.1) million, indicating ongoing operational struggles.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) has scheduled its 2021 Annual Meeting of Stockholders for May 18, 2021, in Orlando, Florida. The record date to determine stockholders eligible to vote is set for March 31, 2021. Xenia is a self-advised REIT focused on luxury and upper upscale hotels, owning 35 properties with over 10,000 rooms across 15 states. Their hotels are operated by leading brands such as Marriott and Hilton. For more details, visit www.xeniareit.com.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) will announce its fourth quarter and full year 2020 financial results on March 1, 2021, before market opening. Management will host a conference call at 1:00 pm (ET) to discuss these results. Interested participants can dial in using (855) 656-0921 (or (412) 542-4169 internationally). A replay of the call will be available one hour after it concludes. Xenia operates 35 hotels with over 10,011 rooms across the U.S., particularly in major lodging markets.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) completed the sale of the 245-room Hotel Commonwealth in Boston for $113.0 million and the 492-room Renaissance Austin Hotel for $70.0 million. The sales yielded approximately $461,000 and $142,000 per key, respectively. Year-to-date, Xenia has sold four hotels totaling nearly $400 million, providing significant capital and enhancing balance sheet flexibility. The Hotel Commonwealth sale achieved an 11.8x multiple on 2019 Hotel EBITDA, while the Renaissance Austin sale had a 6.8x multiple. Proceeds will be used for debt repayment and corporate purposes.
Xenia Hotels & Resorts (NYSE: XHR) reported its Q3 2020 results, revealing that 36 of 37 hotels were operational, with a liquidity of approximately $600 million. Despite a net loss of $52.3 million ($0.46 per share) for the quarter, the company's adjusted EBITDAre was $(21.1) million. Significant hotel sales included Residence Inn Boston Cambridge for $107.5 million and Marriott Napa Valley for $100.1 million. Financial covenants were relaxed until Q1 2023, and the company has no debt maturities until 2023, positioning it for gradual recovery amidst ongoing COVID-19 challenges.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) announced the pricing of $200 million in 6.375% senior secured notes due in 2025, up from a previously announced $150 million. The offering is set to close on October 20, 2020, with proceeds intended to fully repay two term loans maturing in 2022. The notes will carry a fixed annual interest rate of 6.375% and will be guaranteed by the company and its subsidiaries. The notes are considered 'additional notes' under an existing indenture from August 18, 2020. This press release does not constitute an offer to sell or solicitation to buy the notes.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) has announced a proposed offering of $150 million in 6.375% senior secured notes due in 2025. The offering aims to repay existing borrowings and support general corporate purposes. The notes will be secured obligations of XHR LP and guaranteed by the company and its subsidiaries. This new issuance follows a previous offering of $300 million in senior secured notes made in August 2020. The notes will only be offered to qualified institutional buyers and not registered under the Securities Act.
Xenia Hotels & Resorts announced on October 14, 2020, amendments to its corporate credit facilities, increasing the revolving credit facility to $523 million until February 2022 and extending the testing waiver for financial covenants through the end of 2021. Currently, 37 of Xenia's 38 properties are operational, with varying occupancy and revenue per available room (RevPAR) figures for Q3. The company is also exploring the timing for reopening the Hyatt Regency Portland. Key metrics include a Q3 average occupancy of 28.5% and RevPAR of $48.41.
Xenia Hotels & Resorts has successfully sold the 221-room Residence Inn in Boston Cambridge for $107.5 million, translating to approximately $486,500 per room. The sale reflects an 11.6x multiple and a 7.8% capitalization rate on 2019 hotel EBITDA and net operating income. The transaction yielded $46.0 million in net proceeds after costs, which will be used for repaying credit facility borrowings. Xenia aims to enhance balance sheet flexibility amid challenging market conditions. Additionally, the company expects the sale of Marriott Napa Valley Hotel & Spa to finalize by the end of October.
