Xenia Hotels & Resorts(US:XHR)2025-06-19 13:14Portfolio 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]