XENIA HOTELS & RESORTS ANNOUNCES REINSTATEMENT OF QUARTERLY CASH DIVIDEND FOR THE THIRD QUARTER 2022

Rhea-AI Summary

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.

Positive

• Reinstatement of quarterly cash dividend signifies financial stability.
• Dividend payment of $0.10 per share enhances shareholder value.

Negative

• None.

ORLANDO, Fla., Sept. 16, 2022 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced the reinstatement of its quarterly common stock dividend. The Company's Board of Directors has authorized a cash dividend of $0.10 per share of the Company's common stock for the third quarter 2022. The dividend will be paid on October 14, 2022 to all holders of record of the Company's common stock as of the close of business on September 30, 2022. Consistent with prior practice, all future dividend determinations are subject to approval by the Company's Board of Directors.

About Xenia Hotels & Resorts, Inc.
Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 34 hotels comprising 9,812 rooms across 14 states. Xenia's hotels are in the luxury and upper upscale segments and operated and/or licensed by industry leaders such as Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, The Kessler Collection, and Davidson. For more information on Xenia's business, refer to the Company website at www.xeniareit.com.

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SOURCE Xenia Hotels & Resorts, Inc.

FAQ

What is the dividend amount declared by Xenia Hotels & Resorts for Q3 2022?

Xenia Hotels & Resorts declared a quarterly cash dividend of $0.10 per share for Q3 2022.

When will Xenia Hotels & Resorts pay the dividend for Q3 2022?

The dividend will be paid on October 14, 2022.

What is the record date for Xenia Hotels & Resorts' dividend payment?

The record date for the dividend payment is September 30, 2022.

Is the dividend payment from Xenia Hotels & Resorts sustainable?

Future dividend payments are subject to approval by the Company's Board of Directors.

How many hotels does Xenia Hotels & Resorts own?

Xenia Hotels & Resorts owns 34 hotels with a total of 9,812 rooms.