Core Insights - Xenia Hotels & Resorts, Inc. reported a challenging year in 2024 but ended with positive momentum in the fourth quarter, driven by portfolio performance and completion of significant capital improvement projects [4][6] - The company experienced a 5.1% increase in Same-Property RevPAR in Q4 2024 compared to the previous year, with notable growth in various markets [4][5] - The Grand Hyatt Scottsdale Resort underwent a transformative renovation, which is expected to deliver meaningful returns as it becomes fully operational [4][19] Fourth Quarter 2024 Highlights - Net loss attributable to common stockholders was $0.6 million, or $0.01 per share [5] - Adjusted EBITDAre for Q4 2024 was $59.2 million, a decrease of 0.5% compared to Q4 2023 [5] - Same-Property Occupancy increased to 64.4%, up 250 basis points from Q4 2023 [5] - Same-Property RevPAR reached $165.92, a 5.1% increase from Q4 2023 [5][7] Full Year 2024 Highlights - Net income attributable to common stockholders was $16.1 million, or $0.15 per share, down 15.7% from 2023 [10] - Adjusted FFO per diluted share increased by 3.2% to $1.59 compared to 2023 [11] - Same-Property RevPAR for the full year was $172.47, a 1.6% increase from 2023 [11] Capital and Financing Activities - The company upsized and extended its corporate credit facility to $825 million, maturing in November 2028 [14][15] - Issued $400 million of 6.625% Senior Notes maturing in May 2030, used to repay existing debt [16] - Repurchased 515,876 shares of common stock in Q4 2024 at an average price of $14.83 per share [17] Renovation and Capital Expenditures - Invested $24.4 million in capital improvements during Q4 2024 and $140.6 million for the full year [20] - Completed major renovations at Grand Hyatt Scottsdale, including guest rooms and public spaces, with some components expected to finish in 2025 [19][24] 2025 Outlook and Guidance - The company anticipates Same-Property RevPAR growth of 3.5% to 6.5% for 2025 [22][23] - Full year 2025 guidance includes Adjusted EBITDAre between $244 million and $264 million [23] - Capital expenditures for 2025 are projected to be between $100 million and $110 million [23]

Company Overview - Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that focuses on investing in luxury and upper upscale hotels and resorts in the top 25 lodging markets and key leisure destinations in the United States [2] - The company owns 31 hotels comprising 9,408 rooms across 14 states, with properties operated and/or licensed by industry leaders such as Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, and The Kessler Collection [2] Upcoming Events - The 2025 Annual Meeting of Stockholders is scheduled to be held in Orlando, Florida on May 13, 2025 [1] - March 21, 2025, has been established as the record date for determining stockholders entitled to vote at the 2025 Annual Stockholders Meeting [1]

Core Viewpoint - Xenia Hotels & Resorts (XHR) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook driven by an upward trend in earnings estimates [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of changing earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Institutional investors often base their valuation models on earnings estimates, leading to significant buying or selling activity that affects stock prices [4]. Company Performance Indicators - For the fiscal year ending December 2024, Xenia Hotels & Resorts is expected to earn $1.59 per share, reflecting a 3.3% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Xenia Hotels & Resorts has increased by 0.6%, indicating a positive trend in earnings expectations [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have generated an average annual return of +25% since 1988 [7]. - The upgrade of Xenia Hotels & Resorts to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Company Overview - Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that focuses on investing in luxury and upper upscale hotels and resorts in the top 25 lodging markets and key leisure destinations in the United States [3] - The company owns 31 hotels comprising 9,408 rooms across 14 states, with properties operated and/or licensed by leading industry brands such as Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, and The Kessler Collection [3] Anniversary Celebration - Xenia announced the celebration of its 10th anniversary of listing on the New York Stock Exchange by ringing The Closing Bell [1] - The CEO, Marcel Verbaas, highlighted the achievement as a testament to the hard work and dedication of the team, emphasizing the company's ability to identify and embrace opportunities despite challenges in the lodging industry [2] - The company has improved its portfolio quality, brand and geographic diversification, and maintains a strong balance sheet, positioning itself well for future strategic objectives [2]

Core Viewpoint - Xenia Hotels & Resorts, Inc. is set to report its financial results for the fourth quarter and full year of 2024 on February 25, 2025, before market opening, followed by a conference call to discuss the results [1]. Company Overview - Xenia Hotels & Resorts, Inc. is a self-advised and self-administered Real Estate Investment Trust (REIT) that focuses on investing in luxury and upper upscale hotels and resorts, primarily in the top 25 lodging markets and key leisure destinations in the United States [4]. - The company owns a total of 31 hotels, which comprise 9,408 rooms across 14 states, and its properties are operated and/or licensed by leading industry brands such as Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, and The Kessler Collection [4]. Conference Call Details - The conference call for discussing the financial results will take place at 11:00 am (Eastern Time) on February 25, 2025, with participation instructions provided for interested parties [1][2]. - A live webcast of the earnings call will be available on the company's website, and a replay will be accessible for 90 days post-call [3].

Group 1 - The Board of Directors of Xenia Hotels & Resorts, Inc. has authorized a cash dividend of $0.12 per share for the fourth quarter of 2024 [1] - The dividend will be paid on January 15, 2025, to all holders of record as of December 31, 2024 [1] Group 2 - Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT focused on luxury and upper upscale hotels and resorts [2] - The company owns 31 hotels with a total of 9,408 rooms across 14 states in the United States [2] - Xenia's hotels are operated and/or licensed by leading industry brands such as Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, and The Kessler Collection [2]

Core Viewpoint - Xenia Hotels & Resorts, Inc. has successfully priced an offering of $400 million in senior notes with a fixed interest rate of 6.625%, maturing in 2030, to refinance existing debt and for general corporate purposes [1][2]. Group 1: Offering Details - The offering was upsized from an initially announced amount of $365 million [2]. - The senior notes will pay interest semi-annually and are set to mature on May 15, 2030 [1]. - The notes will be fully guaranteed by Xenia and certain subsidiaries, and will not be registered under the Securities Act [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to redeem outstanding 6.375% senior notes due 2025, cover fees and expenses related to the offering, and for general corporate purposes [2]. Group 3: Company Overview - Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT focused on luxury and upper upscale hotels, owning 31 properties with a total of 9,408 rooms across 14 states [4]. - The company primarily operates hotels under well-known brands such as Marriott, Hyatt, and Hilton [4].

Core Viewpoint - Xenia Hotels & Resorts, Inc. plans to offer $365 million in senior notes due 2030 to refinance existing debt and cover related expenses [1] Group 1: 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 31 hotels and resorts, totaling 9,408 rooms across 14 states, primarily operated by leading brands such as Marriott, Hyatt, and Hilton [4] Group 2: Financial Details - The proceeds from the senior notes offering will be used to redeem the outstanding 6.375% senior notes due 2025 and to pay associated fees and expenses [1] - The offering is subject to market conditions and will be fully guaranteed by the company and certain subsidiaries [1] Group 3: Regulatory Information - The senior notes and related guarantees will not be registered under the Securities Act and will be offered only to qualified institutional buyers and certain non-U.S. persons [2]

Financial Data and Key Metrics Changes - For Q3 2024, the company reported a net loss of $7.1 million, with adjusted EBITDARe at $44.3 million and adjusted FFO per share at $0.25 [10][25]. - Same-property RevPAR for the 31-hotel portfolio increased by 1.5%, while occupancy rose by 320 basis points, and ADR decreased by 3.3% [13][30]. - Third quarter same-property hotel EBITDA was $48.1 million, a decrease of 6.3% compared to 2023 levels, with hotel EBITDA margin declining by 200 basis points [15][39]. Business Line Data and Key Metrics Changes - The Grand Bohemian Hotel Orlando, Canary Hotel Santa Barbara, and Hotel Monaco Salt Lake City showed strong RevPAR growth, while the Grand Hyatt Scottsdale experienced a 64% increase compared to the previous year [13][31]. - Group room revenues, excluding Scottsdale, increased by 3.8% compared to the same quarter last year, indicating a positive trend in group demand [17][37]. Market Data and Key Metrics Changes - The company faced challenges due to hurricanes impacting demand in the Southeast, particularly in August and September [11][32]. - RevPAR growth was notably strong in Houston, with an 18.4% increase, and luxury hotels like Ritz-Carlton Denver and Waldorf Astoria Buckhead also showed positive growth [33]. Company Strategy and Development Direction - The company plans to spend between $130 million and $140 million on property improvements in 2024, with a focus on the Scottsdale renovation [18]. - The completion of the Grand Hyatt Scottsdale renovation is expected to significantly enhance guest experience and drive earnings growth over the next few years [21][49]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the portfolio's performance despite current economic uncertainties, highlighting the expected benefits from the Scottsdale project [28]. - The company has reduced its full-year adjusted EBITDARe guidance by $11 million, reflecting various factors including hurricane impacts and softer leisure demand [25][54]. Other Important Information - The company sold the Lorien Hotel & Spa for $30 million, achieving a 21.3x multiple on hotel EBITDA [22]. - The corporate credit facility was upsized and extended, increasing flexibility and resources for future opportunities [50][52]. Q&A Session Summary Question: Can you provide more detail on the ramp-up expectations for Scottsdale? - Management indicated that it will take a few years to stabilize at the low $40 million EBITDA range, with optimism about future group revenue growth [60][64]. Question: What is the EBITDA contribution from Scottsdale this year? - The contribution is minimal due to disruption, but management expects to recover this disruption and see growth in the coming years [79][81]. Question: What surprised you regarding expenses this quarter? - The unexpected shift in occupancy and ADR led to a strategy adjustment to drive revenue through occupancy growth [82][84]. Question: How are you thinking about potential acquisitions with the expanded credit facility? - The company aims to evaluate portfolio opportunities for growth and upgrade earnings potential, balancing acquisitions with internal ROI opportunities [91][96].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ Title of each class Trading Symbol Name of each exchange on which registered Common Stock XHR New York Stock Exchange FORM 10-Q ____________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the t ...