Xenia Hotels & Resorts Inc ( (XHR) ) has released its Q1 earnings. Here is a breakdown of the information Xenia Hotels & Resorts Inc presented to its investors.
Xenia Hotels & Resorts, Inc. is a real estate investment trust (REIT) that focuses on investing in luxury and upper upscale hotels and resorts across the United States, particularly in top lodging markets and key leisure destinations. The company operates a portfolio of 30 hotels and resorts, encompassing 8,868 rooms, and collaborates with renowned industry brands like Marriott, Hyatt, and Hilton.
In its first quarter of 2025, Xenia Hotels & Resorts reported a net income of $15.6 million, marking a significant increase from the previous year. The company also saw a notable rise in Adjusted EBITDAre and Adjusted FFO per share, with increases of 11.8% and 15.9% respectively. The company’s portfolio performance exceeded expectations, driven by strong RevPAR growth, particularly at the newly transformed Grand Hyatt Scottsdale Resort.
Key financial highlights include a Same-Property Occupancy of 69.3% and a RevPAR of $188.73, both showing improvements over the previous year. The company also completed strategic transactions, such as acquiring the land under Hyatt Regency Santa Clara and selling Fairmont Dallas, which contributed to its strong financial position. Additionally, Xenia increased its quarterly dividend by 17% and repurchased a significant number of shares.
Looking ahead, Xenia remains cautiously optimistic about its growth prospects despite macroeconomic uncertainties. The company has adjusted its full-year guidance slightly downward but continues to focus on maintaining a strong balance sheet and disciplined expense management. Xenia anticipates continued growth and appreciation of its high-quality branded portfolio in the coming years.