Xenia Hotels & Resorts, Inc. (NYSE:XHR) Q2 2023 Earnings Conference Call August 2, 2023 1:00 PM ET Company Participants Amanda Bryant - Vice President, Finance Marcel Verbaas - Chair & Chief Executive Officer Barry Bloom - President & Chief Operating Officer Atish Shah - Executive Vice President & Chief Financial Officer Conference Call Participants Dori Kesten - Wells Fargo David Katz - Jefferies Tyler Batory - Oppenheimer Bill Crow - Raymond James Aryeh Klein - BMO Michael Bellisario - Baird Austin Wursch ...

| --- | --- | --- | --- | --- | |---------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | × HOTELS & RESORTS | | | | | | Investor Presentation May 2023 | | | | | Forward-Looking Statements This presentation has been prepared by Xenia Hotels & Resorts, Inc. (the "Company" of "Xenia") solely for informational purposes. This presentation contains, and our respo from investors may include, "forwarcHoking statements" within the meaning of the Private Securities Liligation Refo ...

Financial Data and Key Metrics Changes - For Q1 2023, the company reported net income of $6.3 million, adjusted EBITDAre of $71.3 million, and adjusted FFO per share of $0.40, all reflecting significant increases over Q1 2022 [9][11] - Same-property RevPAR was $179.55, an increase of 23.9% compared to 2022, driven primarily by a 10-point increase in occupancy and a 5.2% rise in average daily rates [9][10] - Adjusted EBITDAre growth was 42.8% over Q1 2022, with margins improving by 167 basis points despite inflationary pressures [11] Business Line Data and Key Metrics Changes - The demand recovery is broadening, with 8 of the 10 largest markets reporting double-digit RevPAR increases compared to Q1 2022 [12] - Dallas hotels saw RevPAR increase by over 50%, while Houston, Atlanta, and San Francisco/San Mateo hotels experienced more than 30% growth [12] - Leisure-oriented hotels reported rate growth below the same-property portfolio average but still positive compared to Q1 2022, with rates well above 2019 levels [30] Market Data and Key Metrics Changes - Preliminary April same-property RevPAR is estimated at approximately $196, down roughly 2% compared to April 2022, with occupancy nearly flat to 2022 [15][16] - In April, the occupancy rate was 78.7%, and preliminary ADR was down about 2%, reflecting a shift in demand mix [16] - The company noted that RevPAR for the 30 hotels open in 2019 was approximately $197 in April, a 1.1% increase compared to April 2019 [16] Company Strategy and Development Direction - The company is optimistic about long-term growth, citing a return to a more traditional mix of business, with group revenue on the books for 2023 currently about 20% ahead of 2022 levels [18][19] - The company plans to invest approximately $130 million to $150 million in capital expenditure projects in 2023, with significant renovations underway [40] - The company believes its portfolio of high-quality hotels will benefit from reduced new competitive supply, with expected room supply growth of just 1.2% in 2023 [24] Management's Comments on Operating Environment and Future Outlook - Management has not observed signs of broad-based demand slowing despite economic uncertainties, and they remain cautiously optimistic for the balance of 2023 [15][17] - The company expects a strong first quarter followed by lower growth levels in subsequent quarters due to tougher year-ago comparisons and renovation impacts [47] - Management reiterated confidence in the portfolio's embedded growth drivers and the flexibility of the balance sheet to support future investments [23][50] Other Important Information - The company has repurchased nearly 3% of its outstanding shares in 2023 at an average price of about $13.50 per share, with approximately $125 million remaining on its share repurchase authorization [44] - The company paid a $0.10 per share dividend in Q1, reflecting a yield above 3% [45] Q&A Session Summary Question: Can you talk about leverage and where you'd like to be? - Management indicated a target leverage range of low 3x to low 4x net-debt-to-EBITDA, currently running just above that at closer to 5x [53] Question: Would you consider yourself more likely a seller or a buyer in M&A? - Management expressed a preference for being buyers, focusing on existing portfolio growth rather than active dispositions [56] Question: What is driving the higher food and beverage spend? - The increase is attributed to robust group business and significant spending on banquets and catering [62] Question: How sensitive is the leisure consumer to pricing? - Management noted that competition in the market is more influential on pricing than consumer willingness to spend [65] Question: Can you discuss the cadence of RevPAR growth expectations for the rest of the year? - Management expects slightly positive growth in Q2, with flat RevPAR in the second half of the year due to renovation disruptions [100]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period ended ______ to ______ Commission file number 001-36594 ___________________________ Xenia Hotels & Resorts, Inc. (Exact Name of Regist ...

Xenia Hotels & Resorts, Inc. (NYSE:XHR) Q4 2022 Earnings Conference Call March 2, 2023 1:00 PM ET Company Participants Amanda Bryant - VP of Finance Marcel Verbaas - Chairman & CEO Barry Bloom - President & COO Atish Shah - EVP, CFO & Treasurer Conference Call Participants Bill Crow - Raymond James Austin Wurschmidt - KeyBanc David Katz - Jefferies Michael Bellisario - Robert Aryeh Klein - BMO Operator Good afternoon. Thank you for attending today's Xenia Hotels & Resorts Inc. Q4 2022 Earnings Conference Ca ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period ended _____ to _____ Commission file number 001-36594 ___________________________________ Xenia Hotels & Resorts, Inc. (Exact name of registrant as specified in its cha ...

Investor Presentation November | 2022 Forward-Looking Statements 1 This presentation has been prepared by Xenia Hotels & Resorts, Inc. (the "Company" or "Xenia") solely for informational purposes. This presentation contains, and our responses to various questions from investors may include, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this presentation include, among others, statements about our plans, strategies, the ...

Investor Presentation August | 2022 Forward-Looking Statements 1 This presentation has been prepared by Xenia Hotels & Resorts, Inc. (the "Company" or "Xenia") solely for informational purposes. This presentation contains, and our responses to various questions from investors may include, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this presentation include, among others, statements about our plans, strategies, the an ...

Xenia Hotels & Resorts, Inc. (NYSE:XHR) Q3 2022 Earnings Conference Call November 2, 2022 1:00 PM ET Company Participants Amanda Bryant - VP, Finance Marcel Verbaas - Chairman & CEO Barry Bloom - President & COO Atish Shah - EVP, CFO & Treasurer Conference Call Participants Bryan Maher - B. Riley Securities Michael Bellisario - Robert W. Baird & Co. Dori Kesten - Wells Fargo Securities Stephen Grambling - Morgan Stanley Aryeh Klein - BMO Capital Markets Austin Wurschmidt - KeyBanc Capital Markets William Cr ...

(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, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ____________________________ Xenia Hotels & Resorts, Inc. (Exact Name of Registrant as Specified in Its Charter) _______________________ Maryland 20-0141677 (State of Incorporation) (I.R.S. Employer Identification No.) 200 S. Orange Avenue Suite 2700, Orlando, Florida 32801 (Add ...