Financial Performance - Total portfolio RevPAR increased 6.7% to $188.73 for the three months ended March 31, 2025, compared to $176.86 for the same period in 2024[139]. - Net income increased 84.1% for the three months ended March 31, 2025, primarily due to an $8.5 million increase in hotel operating income for 31 comparable hotels[140]. - Adjusted EBITDAre and Adjusted FFO attributable to common stock and unit holders increased 11.8% and 14.4%, respectively, for the three months ended March 31, 2025, compared to the same period in 2024[141]. - Occupancy rate improved by 190 basis points to 69.3% for the three months ended March 31, 2025, compared to 67.4% in 2024[142]. - Average Daily Rate (ADR) increased by 3.8% to $272.41 for the three months ended March 31, 2025, compared to $262.39 in 2024[142]. - Total revenues increased by $21.4 million, or 8.0%, to $288.9 million for the three months ended March 31, 2025, compared to $267.5 million for the same period in 2024[143]. - Rooms revenues rose by $6.7 million, or 4.4%, to $159.9 million, driven by increased occupancy and average daily rates, despite a $1.2 million reduction from the sale of Lorien Hotel & Spa[144]. - Food and beverage revenues increased by $11.9 million, or 12.9%, to $104.7 million, primarily due to higher occupancy levels[145]. - Other revenues grew by $2.8 million, or 12.8%, to $24.4 million, attributed to increased occupancy[147]. - Net income for the three months ended March 31, 2025, was $16.5 million, a 83.5% increase from $9.0 million in the same period of 2024[197]. - FFO attributable to common stock and unit holders for Q1 2025 was $49.6 million, up 21.5% from $40.9 million in Q1 2024[199]. - Adjusted FFO for Q1 2025 reached $52.1 million, representing a 14.1% increase compared to $45.5 million in Q1 2024[199]. - Adjusted EBITDAre attributable to common stock and unit holders was $72.9 million for Q1 2025, a 11.5% increase from $65.3 million in Q1 2024[197]. Operational Metrics - Demand for hotel rooms increased by 1.0% during the three months ended March 31, 2025, while new hotel supply increased by 0.6%[138]. - The U.S. lodging industry experienced a RevPAR increase of 2.2% for the three months ended March 31, 2025, compared to the same period in 2024[138]. - The company owned 31 hotels and resorts, comprising 9,413 rooms across 14 states as of March 31, 2025[131]. Expenses and Debt - Total hotel operating expenses rose by $12.5 million, or 6.8%, to $195.5 million, largely due to increased occupancy and renovations, net of a $2.0 million reduction from the sale of Lorien Hotel & Spa[150]. - Corporate and other expenses increased by $0.7 million, or 1.2%, to $57.5 million, with depreciation and amortization expenses rising by $1.2 million, or 3.8%[151]. - Interest expense increased by $0.7 million, or 3.4%, to $21.1 million, primarily due to higher average outstanding term loan debt and rising interest rates[159]. - Total outstanding debt was $1.4 billion with a weighted-average interest rate of 5.67% as of March 31, 2025[168]. - Total debt as of March 31, 2025, was $1.44 billion, with a weighted-average interest rate of 5.74%[214]. - Fixed rate debt accounted for $1.06 billion of total debt, while variable rate debt was $378.1 million[214]. - The company has taken steps to reduce variable rate debt exposure by paying off floating rate mortgage debt and entering into interest rate swap agreements[212]. Cash Flow and Investments - Cash provided by operating activities was $54.8 million for the three months ended March 31, 2025, compared to $24.7 million for the same period in 2024, reflecting a significant increase[186]. - Cash used in investing activities was $56.2 million for the three months ended March 31, 2025, primarily due to $32.4 million in capital improvements and $25.4 million for land purchase[187]. - Cash provided by financing activities was $39.9 million for the three months ended March 31, 2025, driven by proceeds from the 2024 Delayed Draw Term Loan of $100 million[189]. Shareholder Returns and Compliance - During the three months ended March 31, 2025, the Company repurchased 2,733,149 shares at a weighted-average price of $13.09 per share, totaling $35.8 million[179]. - As of March 31, 2025, the Company was in compliance with all debt covenants except for one mortgage loan, which was cured by depositing $5.0 million in an escrow account[175]. - The Company had $200 million available for sale under its ATM program as of March 31, 2025, with no shares sold during the three months ended March 31, 2025[177]. Future Outlook and Strategic Initiatives - The company continues to monitor challenges associated with inflationary pressures and changing interest rates that could impact operating results[137]. - The company aims to maximize revenue and profits from existing properties while enhancing portfolio value and generating sustainable cash flow for shareholders[166]. - The Operating Partnership entered into a new $825 million senior unsecured credit facility, which includes a $500 million revolving line of credit and a $225 million term loan[170]. - The remaining commitments under renovation contracts as of March 31, 2025, totaled $24.2 million[183]. - The company recognized a net gain of $1.1 million from the purchase of land associated with a ground lease in Q1 2025[198]. - The sale of the Fairmont Dallas for $111.0 million in February 2025 resulted in an estimated gain of approximately $39.3 million, net of transaction costs[207]. - If market interest rates on variable rate debt increase or decrease by 1%, future earnings and cash flows would be impacted by approximately $3.3 million per annum[210]. Non-GAAP Financial Measures - The Company considers non-GAAP financial measures such as EBITDA and FFO useful for evaluating operating performance[190]. - As of March 31, 2025, the Company had $61.7 million in FF&E reserves, an increase from $58.9 million as of December 31, 2024[182].

Financial Data and Key Metrics Changes - For Q1 2025, the company reported net income of $15.6 million, adjusted EBITDAre of $72.9 million, and adjusted FFO per share of $0.51, reflecting nearly 12% growth in adjusted EBITDAre and nearly 16% growth in adjusted FFO per share compared to Q1 2024 [5][6][30] - RevPAR grew by 6.3% year-over-year, with same property RevPAR for the 31 hotel portfolio at $188.73, occupancy increasing by 80 basis points, and ADR increasing by 3.6% [5][17] Business Line Data and Key Metrics Changes - The Grand Hyatt Scottsdale's RevPAR grew by approximately 60% in Q1 2025 compared to the same quarter last year, driven by the completion of its transformative renovation [9][22] - One-third of the company's assets achieved double-digit percentage RevPAR growth, while several others experienced high single-digit percentage growth [6][17] Market Data and Key Metrics Changes - Hotels in Washington DC and New Orleans benefited from significant events, such as the presidential inauguration and the Super Bowl, contributing positively to RevPAR [6] - The Houston market experienced softness due to winter storms impacting travel, leading to a 2.1% increase in January RevPAR but a decline in occupancy [18] Company Strategy and Development Direction - The company completed two significant transactions, acquiring land in Santa Clara for $25 million and selling Fairmont Dallas for $111 million, reflecting prudent capital allocation [10][12] - The company plans to reduce capital expenditures for 2025 to between $75 million and $85 million, a reduction of $25 million compared to previous guidance, in response to macroeconomic uncertainties [14][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the portfolio's resilience despite macroeconomic uncertainties, noting that all high-quality branded hotels cater to more resilient customers [15][30] - The company expects RevPAR growth to be driven more by occupancy than rate, with a forecasted full-year RevPAR growth of approximately 4.5% [30][31] Other Important Information - The company increased its quarterly dividend by 17% and repurchased 2.7% of its outstanding shares during Q1 2025 [16][29] - The company has a strong balance sheet with a leverage ratio of 5.4 times trailing twelve months net debt to EBITDA, and current liquidity of approximately $75 million [28][29] Q&A Session Summary Question: Have group booking trends evolved in response to the current uncertainty? - Management noted that group booking activity remains healthy with no uptick in cancellations or attrition, indicating a positive outlook for group business [40][41] Question: Have you seen any meaningful impact from lower international inbound travel? - Management indicated limited impact from lower international visitation, as the portfolio is not heavily dependent on international travel [42][43] Question: Can you provide background on the Santa Clara acquisition? - The acquisition was a unique opportunity from the city of Santa Clara, aimed at eliminating future rent escalation risks and increasing asset value [46][50] Question: What is the plan for deferred CapEx projects? - Management stated that they will continually evaluate deferred projects and may consider executing them in 2026, depending on macroeconomic conditions and tariff impacts [52][70] Question: What are the trends in leisure business? - Management observed varied performance in leisure business across properties, with a slight decline expected in leisure RevPAR for the year [57][62]

Xenia Hotels & Resorts (XHR) reported $288.93 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 8%. EPS of $0.51 for the same period compares to $0.08 a year ago.The reported revenue represents a surprise of +5.66% over the Zacks Consensus Estimate of $273.46 million. With the consensus EPS estimate being $0.42, the EPS surprise was +21.43%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...

Xenia Hotels & Resorts (XHR) came out with quarterly funds from operations (FFO) of $0.51 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to FFO of $0.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 21.43%. A quarter ago, it was expected that this real estate investment trust that owns hotels would post FFO of $0.38 per share when it actually produced FFO of $0.39, delivering a surprise of 2.63% ...

May 2, 2025 Date: XENIA HOTELS & RESORTS REPORTS FIRST QUARTER 2025 RESULTS Orlando, FL – May 2, 2025 – Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended March 31, 2025. First Quarter 2025 Highlights "Our portfolio performance in the first quarter exceeded expectations and led to nearly 12% growth in Adjusted EBITDAre and nearly 16% growth in Adjusted FFO per share, as compared to the same period in 2024," said Marcel Verbaas, Chair and Chief E ...

ORLANDO, Fla., May 2, 2025 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended March 31, 2025.First Quarter 2025 Highlights Net Income: Net income attributable to common stockholders was $15.6 million, or $0.15 per share Adjusted EBITDAre: $72.9 million, increased 11.8% compared to the first quarter of 2024 Adjusted FFO per Diluted Share: $0.51, increased 15.9% compared to the first quarter of 2024 Same-Property Occupancy: 69.3%, ...

I have written about Xenia Hotels & Resorts (NYSE: XHR ) once previously . Given how it has been a couple of years since my article, and the lack of articles on the company, I figure it would beMy aim is to build a financial portfolio which will enable me to become financially independent. While I have a keen interest in the financial markets, and am constantly seeking to learn more about various sectors, this means I tend to gravitate towards dividend stocks as they will provide me with a steady stream of ...

ORLANDO, Fla., April 11, 2025 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced that it has sold the 545-room Fairmont Dallas for $111 million, or approximately $203,670 per key. The transaction price represents an 8.6x multiple and a 10.0% capitalization rate on the property's Hotel EBITDA and Net Operating Income for the twelve months ended February 28, 2025, respectively. These transaction price metrics are exclusive of an estimated $80 million of near-te ...

Xenia Hotels & Resorts (XHR) shares ended the last trading session 14.3% higher at $10.54. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 28.4% loss over the past four weeks.The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.This real estate investment trust that owns hotels is expected to ...

ORLANDO, Fla., March 21, 2025 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") will report financial results for the first quarter 2025 before the market opens on Friday, May 2, 2025. Management will discuss the Company's results during a conference call at 1:00 pm (Eastern Time) that day.To participate in the conference call, please follow the steps listed below:Friday, May 2, 2025, dial (833) 470-1428 approximately ten minutes before the call begins, access code 145868.T ...