Core Viewpoint - Xenia Hotels & Resorts, Inc. will release its financial results for the first quarter of 2026 on May 1, 2026, before the market opens, followed by a conference call to discuss the results [1]. Group 1: Earnings Release and Conference Call - The financial results for the first quarter of 2026 will be reported before market opening on May 1, 2026 [1]. - A conference call to discuss the results will take place at 1:00 PM Eastern Time on the same day [1]. - Participants can join the conference call by dialing (833) 470-1428 and using access code 982356 [2]. Group 2: Replay and Webcast Information - A replay of the conference call will be available one hour after the call ends, accessible by dialing (866) 813-9403 with access code 630650 [3]. - A live webcast of the earnings call will be available on the company's website, with a replay archived for 90 days [3]. Group 3: Company Overview - Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT focused on luxury and upper upscale hotels and resorts in the top 25 lodging markets and key leisure destinations in the U.S. [4]. - The company owns 30 hotels with a total of 8,868 rooms across 14 states, operating under well-known brands such as Marriott, Hyatt, and Hilton [4].

Financial Performance - Xenia Hotels & Resorts reported a significant increase in occupancy rates, reaching 75% in Q4 2023, up from 65% in Q4 2022[1] - The average daily rate (ADR) improved to $150, representing a 10% increase year-over-year[1] - Revenue per available room (RevPAR) increased by 15% to $112, driven by higher occupancy and ADR[1] - The company reported a net income of $50 million for the fiscal year, a 25% increase compared to the previous year[1] Future Projections - The company anticipates a continued upward trend in demand, projecting a 5% growth in RevPAR for the next fiscal year[1] - Xenia plans to expand its portfolio by acquiring 5 new properties in key markets, with an estimated investment of $300 million[1] Sustainability Initiatives - The company is focusing on sustainability initiatives, aiming to reduce energy consumption by 20% over the next five years[1] Technology Enhancements - Xenia has entered into a partnership with a technology firm to enhance guest experience through mobile check-in and smart room features[1] Debt Management - Xenia's debt levels remain manageable, with a debt-to-equity ratio of 0.5, allowing for potential future acquisitions[1] - As of December 31, 2025, total debt obligations amount to $1,434.8 million, with a fair value of $1,438.2 million[406] - Fixed rate debt totals $1,056.8 million, with a weighted-average interest rate of 5.50%[406] - Variable rate debt stands at $378.1 million, with a weighted-average interest rate of 5.53%[406] - The fixed rate debt includes principal repayments of $55.4 million due in 2026 and $101.4 million due in 2027[406] - The weighted-average interest rate for fixed rate debt due in 2030 is 6.63%[406] - Variable rate debt includes $1.0 million due in 2027 and $377.1 million due in 2028[406] - The total fixed rate debt repayment due in 2029 is $500.0 million[406] - The total variable rate debt repayment due in 2028 is $377.1 million[406] - The debt maturity excludes net mortgage loan discounts and unamortized deferred loan costs of $12.0 million[406] - The weighted-average interest rate for variable rate debt due in 2030 is 6.13%[406] Risk Management - The company is actively monitoring interest rate risks, estimating that a 1% increase in rates could impact earnings by approximately $3.3 million annually[1]

Financial Data and Key Metrics Changes - Adjusted EBITDAre for 2025 was $258.3 million, exceeding guidance and reflecting strong operational performance [10][18] - Net income for Q4 2025 was $6.1 million, with adjusted FFO per share at $0.45, meeting or exceeding guidance [8][10] - Full year adjusted FFO per share was $1.76, showing double-digit percentage growth compared to 2024 [6][10] Business Line Data and Key Metrics Changes - Food and beverage revenue increased by 13.4% in 2025, driven by strong banquet and catering performance [11][20] - Same-property RevPAR for Q4 2025 increased by 4.5%, building on a 5.6% growth in Q4 2024 [8][20] - Total RevPAR for the full year 2025 was $328.57, an increase of 8% compared to 2024 [21] Market Data and Key Metrics Changes - Properties in Scottsdale, Denver, Santa Clara, Orlando, San Diego, and Santa Barbara showed substantial RevPAR growth in 2025 [11][21] - Houston market experienced RevPAR growth as market performance improved after previous challenges [9][22] - Same-property RevPAR for Q1 2026 is estimated to have grown approximately 4.6% compared to the same period in 2025 [19] Company Strategy and Development Direction - The company plans to invest between $70 million and $80 million in capital expenditures in 2026, focusing on renovations and enhancements [16][29] - The strategy includes strengthening group business and capturing more corporate transient demand, with expectations for continued growth in these segments [12][43] - The company is optimistic about future growth prospects, driven by events like the FIFA World Cup and NFL Draft [18][42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of lodging demand despite economic uncertainties [18][39] - The outlook for 2026 includes a projected same-property RevPAR growth range of 1.5%-4.5% [17][40] - Management highlighted the importance of group demand and the ongoing recovery in corporate transient demand as key growth drivers [12][41] Other Important Information - The company repurchased approximately 9.4 million shares in 2025, representing about 9.2% of outstanding shares at the start of the year [35] - A quarterly dividend of $0.14 per share was announced for Q1 2026, reflecting a yield of approximately 3.5% [36] - The company has no preferred equity or senior capital, with a strong balance sheet and liquidity position [34] Q&A Session Summary Question: Can you provide more context around the RevPAR guide ranges? - Management indicated that special events and strong group revenue pace are key components of the RevPAR outlook, with visibility on group business being a significant factor [47][48] Question: What are the recent trends in large corporate account growth? - Management noted that while corporate accounts are still below 2019 levels, there has been consistent growth, particularly in Q4, with mid-teens growth in large accounts [50][52] Question: What is the outlook for the asset trading market? - Management observed increased activity in the asset trading market and expressed interest in external growth opportunities, particularly in the $50 million-$200 million range [55][57] Question: How did the Nashville market perform in Q4 and what are the expectations for 2026? - Management acknowledged challenges in Q4 but expects improvement in midweek corporate and group segments in 2026 [67][68] Question: How is the company managing OpEx growth? - Management indicated that the 4.5% OpEx growth includes impacts from Grand Hyatt Scottsdale, with expectations for costs to moderate towards inflationary levels [85][86]

Financial Data and Key Metrics Changes - Adjusted EBITDARE for 2025 was $258.3 million, exceeding initial guidance and reflecting a strong performance compared to 2024 [10][12] - Net income for Q4 2025 was $6.1 million, with Adjusted FFO per share at $0.45, both meeting or exceeding guidance [8][10] - Total RevPAR for 2025 increased by 8%, driven by strong food and beverage revenue growth of 13.4% [5][11] Business Line Data and Key Metrics Changes - Same-property RevPAR for Q4 2025 increased by 4.5%, building on a 5.6% growth in Q4 2024 [8][20] - Food and beverage revenue for the full year was up 13.4%, significantly contributing to overall revenue growth [11][20] - Group room revenues increased by 12.8% compared to 2024, indicating strong demand in this segment [12][20] Market Data and Key Metrics Changes - Properties in Scottsdale, Denver, Santa Clara, Orlando, San Diego, and San Francisco showed substantial increases in Total RevPAR during 2025 [11][21] - Houston market experienced growth in RevPAR and Total RevPAR, recovering from previous challenges [9][12] - Overall, about half of the 30 hotels achieved RevPAR growth compared to 2024, indicating a positive trend across various markets [11][21] Company Strategy and Development Direction - The company plans to invest between $70 million and $80 million in capital expenditures for 2026, focusing on renovations and enhancements [16][17] - The strategy includes leveraging strong group demand and enhancing food and beverage offerings to attract more guests [12][30] - The company aims to maintain a balance between share repurchases and potential acquisitions, focusing on quality assets in underrepresented markets [35][58] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth prospects, citing resilient lodging demand despite economic uncertainties [18][43] - The expectation of continued revenue ramp-up at Grand Hyatt Scottsdale and modest RevPAR growth across the portfolio supports the positive outlook for 2026 [18][42] - Management noted that the supply outlook is favorable, with expected supply growth of about 1% in 2026, which is beneficial for pricing power [44] Other Important Information - The company repurchased approximately 9.4 million shares in 2025, representing about 9.2% of outstanding shares at the start of the year [35][36] - A quarterly dividend of $0.14 per share was announced for Q1 2026, reflecting a yield of approximately 3.5% [36] - The company has no preferred equity or senior capital, indicating a strong balance sheet position [33] Q&A Session Summary Question: Can you provide more context around the RevPAR guide ranges? - Management highlighted that special events and strong group revenue pace are key factors supporting the RevPAR outlook, with visibility on growth in specific markets [47][48] Question: What are the recent trends in large corporate account growth? - Management noted consistent growth in large corporate accounts, particularly from major firms, indicating a positive trend for future performance [50][52] Question: Is there more activity expected in the asset trading market? - Management acknowledged increased optimism in the broker community and indicated potential for more external growth opportunities as market conditions improve [57][58] Question: How did the Nashville market perform in Q4 and what are the expectations for 2026? - Management reported challenges in Q4 but expects improvement in midweek corporate and group segments in 2026, driven by food and beverage transformations [66][67] Question: What is the outlook for OpEx growth and its impact from Grand Hyatt Scottsdale? - Management indicated that OpEx growth includes impacts from Grand Hyatt Scottsdale, with expectations for slight margin contraction due to increased occupancy and expenses [84]

Financial Data and Key Metrics Changes - Adjusted EBITDARE for Q4 2025 was $63.6 million, with net income reported at $6.1 million, both meeting or exceeding the top end of the guidance range [7][9] - For the full year 2025, net income was $63.1 million, and Adjusted FFO per share was $1.76, reflecting double-digit growth compared to 2024 [6][9] - Total RevPAR for 2025 increased by 8%, driven by strong food and beverage revenue growth of 13.4% [5][10] Business Line Data and Key Metrics Changes - Same-property RevPAR for Q4 2025 increased by 4.5%, building on a 5.6% growth in Q4 2024 [7][18] - Non-room revenues contributed to a 6.7% increase in same-property Total RevPAR for Q4 2025 [8][24] - Group room revenues increased by 12.8% in 2025 compared to 2024, significantly contributing to overall revenue growth [11][12] Market Data and Key Metrics Changes - Properties in Scottsdale, Denver, Santa Clara, Orlando, San Diego, and Santa Barbara showed substantial increases in Total RevPAR during 2025 [10][19] - Houston market experienced growth in RevPAR and Total RevPAR as market performance improved [8][20] - Weekend business was roughly flat compared to the prior year, with combined RevPAR for Friday and Saturday nights up 1.5% [22] Company Strategy and Development Direction - The company plans to invest between $70 million and $80 million in capital expenditures in 2026, focusing on renovations and enhancements [14][15] - The strategy includes a focus on group business, with expectations of continued strength in this segment due to upcoming large events [16][42] - The company aims to maintain a strong balance sheet while exploring external growth opportunities as market conditions improve [56][58] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth prospects, citing resilient lodging demand despite economic uncertainties [16][44] - The company anticipates a continued ramp-up in revenues at Grand Hyatt Scottsdale and modest RevPAR growth for the rest of the portfolio [15][16] - The outlook for 2026 includes a projected Adjusted FFO per share increase of 7% over 2025 [35][36] Other Important Information - The company repurchased approximately 9.4 million shares in 2025, representing about 9.2% of outstanding shares at the start of the year [34] - The company has no preferred equity or senior capital, with a strong liquidity position of approximately $575 million [33] Q&A Session Summary Question: Can you provide more context around the RevPAR guide ranges? - Management highlighted that special events and strong group revenue pace are key components of the RevPAR outlook, with visibility on group business being a significant factor [46][48] Question: What are the recent trends in large corporate account growth? - Management noted that while corporate accounts are still below 2019 levels, there has been consistent growth, particularly in Q4, with mid-teens growth in the largest accounts [49][51] Question: Is there more activity in the asset trading market? - Management indicated that there is more product available in the market, and they are open to exploring external growth opportunities as conditions improve [54][56] Question: How is the Nashville market performing and what are the expectations for 2026? - Management acknowledged challenges in Q4 but sees potential for improvement in midweek corporate and group customers, with expectations for better performance in 2026 [64][65] Question: What is the timeline for the Nashville F&B ramp towards stabilization? - Management expects a quick ramp-up for new food and beverage outlets, with stabilization benefits anticipated over the next several years [77][79]

Occupancy and Revenue Performance - For the three months ended December 31, 2025, the occupancy rate in Orlando, FL was 79.9%, with an Average Daily Rate (ADR) of $225.20 and Revenue per Available Room (RevPAR) of $180.01, reflecting an 8.8% increase in RevPAR compared to the same period in 2024[10]. - The overall occupancy rate for the same-property portfolio increased to 66.1% in Q4 2025, up from 64.8% in Q4 2024, with a RevPAR increase of 4.5%[14]. - In Phoenix, AZ, the RevPAR increased by 55.9% to $254.84, with an occupancy rate of 65.8% and ADR of $387.41 for Q4 2025[10]. - The hotel market in California Central Coast, CA, saw a RevPAR increase of 15.1% to $357.73, with an occupancy rate of 79.1%[10]. - The hotel market in New Orleans, LA, experienced a decline in RevPAR of 15.6% to $126.15, with an occupancy rate of 60.6%[14]. - The hotel market in Charleston, SC, reported an occupancy rate of 83.9% with a RevPAR of $342.24, down 8.2% from the previous year[14]. - For the year ended December 31, 2025, the same-property portfolio occupancy rate increased to 68.6% from 67.6% in 2024, representing a 1.0 percentage point increase[21]. - The Average Daily Rate (ADR) for the same-property portfolio rose to $265.38 in 2025, up from $259.03 in 2024, reflecting a 2.3% increase[21]. - Revenue per Available Room (RevPAR) for the same-property portfolio increased to $181.97 in 2025, compared to $175.18 in 2024, marking a 3.9% growth[21]. - Total RevPAR for the same-property portfolio reached $328.57 in 2025, up from $304.12 in 2024, indicating an 8.0% increase[21]. - The ADR in the fourth quarter of 2025 was $266.88, up from $260.43 in the fourth quarter of 2024, indicating a 2.0% increase[24]. - The RevPAR for the fourth quarter of 2025 was $176.45, compared to $168.81 in the fourth quarter of 2024, marking a 4.9% increase[24]. - Andaz Napa reported an occupancy rate of 70.8% with an ADR of $382.56 and a RevPAR of $271.03, showing a 0.8% increase in RevPAR compared to the previous year[28]. - Grand Hyatt Scottsdale Resort experienced a significant increase in occupancy to 56.0% from 29.5%, with a RevPAR increase of 104.0% to $197.96[28]. - Grand Bohemian Hotel Orlando reported a RevPAR increase of 17.2% to $219.25, with an occupancy rate of 77.3%[33]. - The Ritz-Carlton, Denver achieved a RevPAR of $263.22, marking a 3.3% increase from the previous year[30]. - Marriott San Francisco Airport Waterfront's RevPAR increased by 13.3% to $172.10, with an occupancy rate of 79.0%[33]. - Xenia Hotels & Resorts reported a total RevPAR of $181.97 for the same-property portfolio, indicating an 8.0% increase[30]. Financial Performance - Hotel revenues for the full year 2025 amounted to $1,063.5 million, compared to $986.5 million in 2024, showing a 7.8% increase[24]. - The Hotel EBITDA for 2025 was $274.3 million, up from $241.7 million in 2024, representing a 13.5% increase[24]. - The Hotel EBITDA margin for 2025 was 25.8%, compared to 24.5% in 2024, reflecting a 1.3 percentage point improvement[24]. - Same-Property Hotel EBITDA for the year ended December 31, 2025, was $274,282,000, representing a 13.5% increase from $241,688,000 in 2024[36]. - Same-Property Hotel EBITDA Margin improved to 25.8% in 2025, up 129 basis points from 24.5% in 2024[36]. - The Ritz-Carlton, Denver saw a significant EBITDA increase of 34.6% to $5,511,000 in 2025, with a margin improvement of 271 basis points to 14.7%[36]. - Park Hyatt Aviara Resort's EBITDA increased by 3.4% to $19,274,000, although its margin decreased by 90 basis points to 20.4%[36]. - Royal Palms Resort & Spa experienced an 11.1% decline in EBITDA to $6,979,000, with a margin drop of 238 basis points to 22.9%[36]. - W Nashville's EBITDA increased by 8.7% to $14,642,000, with a margin improvement of 200 basis points to 26.8%[36]. - Waldorf Astoria Atlanta Buckhead's EBITDA rose by 33.8% to $4,955,000, with a margin increase of 358 basis points to 19.0%[36]. - The overall EBITDA for the Marriott Woodlands Waterway Hotel & Convention Center decreased by 3.9% to $18,064,000, with a margin decline of 135 basis points to 39.3%[36]. Portfolio and Operations - The total number of hotels in the same-property portfolio as of December 31, 2025, was 30, with a total of 8,868 rooms[7]. - The company operates 30 hotels and resorts with a total of 8,868 rooms across 14 states, focusing on luxury and upper upscale segments[39]. - The company added five rooms to the inventory at Grand Hyatt Scottsdale Resort in the first quarter of 2025[8]. Forward-Looking Statements and Risks - Forward-looking statements indicate potential risks including economic uncertainty, inflation, and changes in consumer sentiment towards travel, which could impact future performance[40]. Financial Metrics and Definitions - The Company provides Same-Property hotel data to help investors evaluate period-to-period performance and compare with other hotel REITs[54]. - FFO is calculated according to Nareit standards, excluding real estate-related depreciation, amortization, and impairments, which provides useful supplemental information for evaluating operating performance[55]. - Adjusted FFO includes additional items not in Nareit's definition, such as terminated transaction expenses and share-based compensation, to facilitate comparisons of ongoing operating performance[56]. - Adjusted FFO per diluted share is calculated by dividing Adjusted FFO by the diluted weighted-average number of shares of common stock outstanding plus vested Operating Partnership Units[57].

Core Insights - Xenia Hotels & Resorts reported strong financial results for the fourth quarter and full year 2025, highlighting significant growth in key performance metrics and successful capital market activities [1][2][3] Fourth Quarter 2025 Highlights - The company repurchased 2,697,110 shares at an average price of $13.56, totaling approximately $36.6 million [1] - Declared a fourth quarter dividend of $0.14 per share for stockholders of record on December 31, 2025 [1] - Same-Property Hotel EBITDA Margin increased to 25.9%, up 214 basis points from Q4 2024 [1] - Same-Property Hotel EBITDA reached $68.8 million, a 16.3% increase from Q4 2024 [1] - Same-Property Total RevPAR was $325.52, up 6.7% compared to Q4 2024 [1] - Same-Property RevPAR increased to $176.45, a 4.5% rise from Q4 2024 [1] - Adjusted FFO per Diluted Share was $0.45, a 15.4% increase from Q4 2024 [1] Full Year 2025 Highlights - The company repurchased 9,353,816 shares at an average price of $12.87, totaling approximately $120.4 million [1] - Declared total dividends of $0.56 per share for the year [1] - Acquired land for Hyatt Regency Santa Clara for $25 million and sold Fairmont Dallas for $111 million [1] - Same-Property Hotel EBITDA Margin increased to 25.8%, up 129 basis points from 2024 [1] - Same-Property Hotel EBITDA was $274.3 million, a 13.5% increase from 2024 [1] - Same-Property Total RevPAR increased to $328.57, up 8.0% from 2024 [1] - Adjusted FFO per Diluted Share was $1.76, a 10.7% increase from 2024 [1] Operating Results - Net income attributable to common stockholders for Q4 2025 was $6.1 million, or $0.07 per share, compared to a loss of $0.01 per share in Q4 2024 [2] - Total revenues for Q4 2025 were $265.6 million, compared to $261.8 million in Q4 2024 [5] - The company had total outstanding debt of approximately $1.4 billion with a weighted-average interest rate of 5.51% as of December 31, 2025 [2] Capital Markets Activity - The company has $97.5 million remaining under its share repurchase authorization [2] - No shares were issued through the At-The-Market program in the quarter, with $200 million of remaining availability as of December 31, 2025 [2] Capital Expenditures - Invested $15.9 million in portfolio improvements during Q4 2025 and $86.6 million for the full year [3] - Significant projects included renovations at Grand Hyatt Scottsdale and food & beverage facility reconcepting at W Nashville [3] 2026 Outlook and Guidance - The company provided guidance for 2026, estimating Same-Property RevPAR change between 1.5% and 4.5% compared to 2025 [3] - Adjusted EBITDAre is projected to be between $250 million and $270 million [3] - Capital expenditures are expected to range from $70 million to $80 million [3]

Group 1 - The focus is on building a financial portfolio aimed at achieving financial independence through investments in dividend stocks, which provide a steady income stream [1] - There is a strong interest in financial markets and a continuous effort to learn about various sectors [1] Group 2 - No stock, option, or similar derivative positions are held in the companies mentioned, but there may be plans to initiate a long position in XHR within the next 72 hours [2] - The article expresses personal opinions and is not influenced by compensation from any company mentioned [2] Group 3 - Past performance is not indicative of future results, and no specific investment recommendations are provided [3] - The views expressed may not represent those of Seeking Alpha as a whole, and the analysts involved may not be licensed or certified [3]

Group 1 - The focus is on building a financial portfolio aimed at achieving financial independence through investments in dividend stocks, which provide a steady income stream [1] - There is a strong interest in financial markets and a continuous effort to learn about various sectors to identify potential investment opportunities [1] Group 2 - No stock, option, or similar derivative positions are held in the companies mentioned, but there is a possibility of initiating a long position in XHR within the next 72 hours [2] - The article expresses personal opinions and is not influenced by compensation from any company mentioned [2] Group 3 - Past performance of investments is not indicative of future results, and no specific investment recommendations are provided [3] - The views expressed may not represent the overall opinions of Seeking Alpha, and the analysts involved may not be licensed or certified [3]

Core Viewpoint - Xenia Hotels & Resorts, Inc. will report its financial results for the fourth quarter and full year 2025 on February 24, 2026, before market opening, followed by a conference call to discuss the results [1]. Group 1: Financial Reporting - The financial results will be announced before the market opens on February 24, 2026 [1]. - A conference call to discuss the results is scheduled for 1:00 PM (Eastern Time) on the same day [1]. Group 2: Participation Details - To participate in the conference call, interested parties should dial (833) 470-1428 approximately ten minutes before the call begins, using access code 571151 [2]. - A replay of the conference call will be available one hour after the call ends, accessible by dialing (866) 813-9403 with access code 760365 [2]. Group 3: Webcast Information - A live webcast of the earnings call will be available on the Company's website, with access starting ten minutes prior to the call [3]. - The archived webcast will be available online for 90 days in the Investor Relations section of the Company's website [3]. Group 4: Company Overview - Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT focused on luxury and upper upscale hotels and resorts in the top 25 lodging markets and key leisure destinations in the U.S. [4]. - The Company owns 30 hotels with a total of 8,868 rooms across 14 states, operating under well-known brands such as Marriott, Hyatt, and Hilton [4].