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 ...

Xenia Hotels & Resorts (XHR) came out with quarterly funds from operations (FFO) of $0.25 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to FFO of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -13.79%. A quarter ago, it was expected that this real estate investment trust that owns hotels would post FFO of $0.49 per share when it actually produced FFO of $0.52, delivering a surprise of 6.12 ...

Date: November 6, 2024 XENIA HOTELS & RESORTS REPORTS THIRD QUARTER 2024 RESULTS Orlando, FL – November 6, 2024 – Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights • Net Loss: Net loss attributable to common stockholders was $7.1 million, or $0.07 per share • Adjusted EBITDAre: $44.3 million, decreased 4.4% compared to the third quarter of 2023 • Adjusted FFO per Diluted Share: $0.25, decreased ...

ORLANDO, Fla., Nov. 6, 2024 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended September 30, 2024.Third Quarter 2024 Highlights Net Loss: Net loss attributable to common stockholders was $7.1 million, or $0.07 per share Adjusted EBITDAre: $44.3 million, decreased 4.4% compared to the third quarter of 2023 Adjusted FFO per Diluted Share: $0.25, decreased 3.8% compared to the third quarter of 2023 Same-Property Occupancy: 67.0%, in ...

ORLANDO, Fla., Sept. 16, 2024 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced that its Board of Directors authorized a cash dividend of $0.12 per share of the Company's common stock for the third quarter 2024. The dividend will be paid on October 15, 2024 to all holders of record of the Company's common stock as of the close of business on September 30, 2024. About Xenia Hotels & Resorts, Inc. Xenia Hotels & Resorts, Inc. is a self-advised and self-adminis ...

Core Viewpoint - Xenia Hotels & Resorts, Inc. will report its financial results for the third quarter of 2024 on November 6, 2024, with a conference call scheduled for November 7, 2024, to discuss these results [1][2]. 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 in the top 25 lodging markets and key leisure destinations in the United States [4]. - The company owns 31 hotels with a total of 9,408 rooms across 14 states, operating under well-known brands such as Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, and The Kessler Collection [4]. Conference Call Details - The conference call for discussing the third quarter results will take place on November 7, 2024, at 11:00 am (Eastern Time), with participation instructions provided [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 [3].

Core Viewpoint - Xenia Hotels & Resorts is strategically enhancing its portfolio through renovations and acquisitions, positioning itself for growth despite economic uncertainties [1][9][13] Financial Performance - Xenia's F-Score has consistently been 6 and above since 2021, indicating a strong financial position within the upscale hotel sector [2] - The company's leverage is just below 50%, with a fixed interest rate loan portfolio averaging 5.50% [3] - Xenia's EBITDA has more than doubled post-renovation, with significant improvements in RevPAR Index [6][7] Guest Demographics - 70% of Xenia's guests are business and travel groups, providing a diversified revenue stream and reducing reliance on leisure travelers [4] Renovation and Upbranding - Recent renovations at properties like Hyatt Regency Grand Cypress and Park Hyatt Aviara Resort have resulted in over 50% EBITDA gains [5] - Capital renovation spending increased significantly, from $22.4 million in 2023 to $35.8 million in the current quarter [8] Acquisition Strategy - In 2023, Xenia acquired Hyatt Regency Portland for $190 million at a cap rate of approximately 4.84% and W Nashville for $328.7 million at a cap rate of about 4.10% [9][10] Market Performance - Xenia's stock has a beta score of 1.53, indicating higher volatility compared to the overall market, which may present buying opportunities during price dips [11] Long-Term Growth Prospects - Management anticipates long-term EBITDA growth, contingent on the economy not entering a recession [12] - The company has historically paid dividends exceeding earnings, raising concerns about sustainability [12]

Xenia Hotels & Resorts (XHR) reported $272.9 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.7%. EPS of $0.52 for the same period compares to $0.12 a year ago. The reported revenue represents a surprise of -0.89% over the Zacks Consensus Estimate of $275.36 million. With the consensus EPS estimate being $0.49, the EPS surprise was +6.12%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations t ...