Portfolio Highlights - Xenia Hotels & Resorts has a diverse portfolio of 30 luxury and upper-upscale hotels and resorts primarily in Top 25 markets and key leisure destinations[7, 12] - The portfolio is diversified across 22 markets, with no single market contributing more than 17% of 2024 EBITDA[12, 17] - The company focuses on uniquely positioned luxury and upper-upscale hotels & resorts, with 100% brand affiliation[15] Financial Performance and Strategy - Strategic capital allocation has delivered a superior portfolio, with significant acquisitions and dispositions since 2015, totaling $1.9 billion and $1.8 billion, respectively[27] - The company disposed of Fairmont Dallas in 2025 for $111 million, at a sale price per key of $203,670, and an EBITDA multiple of 8.6x[37] - In Q1, the company increased the quarterly dividend by 17% to $0.14/share and repurchased approximately 2.7 million shares of common stock for $35.8 million[47, 48] Growth Drivers - The transformative renovation of Grand Hyatt Scottsdale Resort is expected to drive significant long-term growth, with an expected RevPAR of approximately $300 upon stabilization[7, 102] - The company anticipates long-term recovery in Northern California assets, such as Marriott San Francisco Airport Waterfront and Hyatt Regency Santa Clara[61] Balance Sheet and Outlook - As of March 31, 2025, the company had approximately $113 million in unrestricted cash and $500 million in line of credit availability, totaling approximately $613 million in liquidity[108] - The company's current FY 2025 guidance includes a Same-Property (30 Hotel) RevPAR change of 2.50% to 6.50% compared to 2024[116]

Core Insights - Xenia Hotels & Resorts, Inc. has sold the Fairmont Dallas for $111 million, equating to approximately $203,670 per room, reflecting an 8.6x multiple and a 10.0% capitalization rate based on the property's Hotel EBITDA and Net Operating Income for the twelve months ending February 28, 2025 [1][2] - The sale is part of the company's strategy to enhance portfolio quality and manage capital allocation effectively, especially in light of the property's significant near-term capital needs and the anticipated market impact from the redevelopment of the Dallas Convention Center [2] Financial Metrics - The transaction price metrics exclude an estimated $80 million in near-term capital expenditures [1] - The company expected Fairmont Dallas to generate approximately $8 million in Hotel EBITDA for the remainder of 2025 [1] - The unlevered Internal Rate of Return (IRR) during the company's ownership of the property was 11.3% [2] Company Overview - Xenia Hotels & Resorts, Inc. is a self-advised and self-administered Real Estate Investment Trust (REIT) focused on luxury and upper upscale hotels and resorts in the top 25 lodging markets and key leisure destinations in the U.S. [3] - The company owns 30 hotels with a total of 8,868 rooms across 14 states, operating under well-known brands such as Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, and The Kessler Collection [3]