Xenia Hotels & Resorts (XHR) Investor Presentation - Slideshow

Portfolio Composition and Strategy - Xenia Hotels & Resorts focuses on uniquely positioned luxury and upper upscale hotels & resorts[11] - The company primarily invests in the top 25 U.S lodging markets and key leisure destinations[11] - The portfolio consists of 39 hotels with 11,245 rooms across 12 brands and in 25 markets[13] - The company has diversified branding, with independent hotels accounting for 1%, Waldorf Astoria 7%, Kimpton 10%, and Hyatt brands (including Andaz, Autograph Collection, Hyatt Centric, Hyatt Regency, Park Hyatt, and The Unbound Collection by Hyatt) making up 47% and 30% respectively[12] - No single market contributed more than 10% of 2019 Hotel EBITDA[19] Financial and Operational Updates - Approximately $50 million of the initial 2020 hotel CapEx budget was deferred or eliminated[28] - The current estimate for full-year 2020 CapEx spend is approximately $70 million[28] - The company expects to suspend dividend payments for the balance of the year[29] - The company achieved $5.5 million of 2020 cash G&A expense savings, representing a greater than 20% reduction, excluding nonrecurring restructuring costs[29] - As of May 29th, 13 hotels were operating, primarily smaller hotels focused on drive-to leisure and local business[25] - As of March 31, 2020, Xenia had approximately $397 million of cash and cash equivalents[44] - Monthly recurring cash expenses are estimated to be between $17 million and $20 million[44] Debt and Liquidity - Total debt stands at $1.6 billion[36] - The net debt to EBITDA ratio is 5.2x[36] - The weighted average interest rate on debt is 3.3%[36] - Secured debt accounts for 34% of the total debt, while unsecured debt represents 66%[37] - Fixed-rate debt comprises 56% of the total, with variable-rate debt making up the remaining 44%[37]