Core Insights - Xenia Hotels & Resorts, Inc. reported third quarter results reflecting a challenging lodging industry environment, with flat Same-Property RevPAR and a cautious near-term outlook for the fourth quarter [4][6][19] Third Quarter 2025 Highlights - Same-Property RevPAR for the quarter was flat, but increased by 2.9% excluding Houston properties, driven by growth at Grand Hyatt Scottsdale [4][6] - Net loss attributable to common stockholders was $13.7 million, or $0.14 per share, a significant increase from a loss of $7.1 million, or $0.07 per share, in the same quarter of 2024 [5][6] - Same-Property Total RevPAR increased by 3.7% year-over-year to $289.76, while Same-Property Hotel EBITDA increased by 0.7% to $46.96 million [5][6] Year-to-Date 2025 Highlights - For the first nine months of 2025, Same-Property RevPAR increased by 3.7%, and Same-Property Hotel EBITDA Margin improved by 101 basis points [4][6] - Adjusted EBITDAre for the year-to-date was $194.7 million, a 9.4% increase compared to the same period in 2024 [6][7] Operating Results - Total revenues for the third quarter were $236.4 million, slightly down from $236.8 million in the same quarter of 2024 [33] - Same-Property occupancy decreased to 66.3%, down 100 basis points from the previous year, while Same-Property ADR increased by 1.6% to $248.09 [5][6] Capital Markets Activities - The company repurchased 974,645 shares of common stock at an average price of $12.66 per share during the quarter, totaling approximately $12.3 million [11] - Year-to-date, the company repurchased 6,656,706 shares at an average price of $12.59 per share, totaling approximately $83.8 million [11] Capital Expenditures - In the third quarter, the company invested $19.9 million in portfolio improvements, including the completion of renovations at Grand Hyatt Scottsdale [13][15] - Significant upgrades were made to guest rooms at various properties, with minimal disruption expected during lower occupancy periods [14][15] Current Full Year 2025 Outlook and Guidance - The company updated its full-year guidance, expecting Same-Property RevPAR to increase by 3.5% to 4.5% compared to 2024, with Adjusted EBITDAre projected between $250 million and $258 million [19][20] - The guidance reflects macroeconomic uncertainties and assumes no additional acquisitions or equity issuances [19][20] Liquidity and Balance Sheet - As of September 30, 2025, the company had total outstanding debt of approximately $1.4 billion and total liquidity of approximately $688 million [10] - The company held approximately $188 million in cash and cash equivalents, with full availability on its revolving line of credit [10] About the Company - Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT focused on luxury and upper upscale hotels in the top 25 lodging markets in the U.S., owning 30 hotels with 8,868 rooms [22]