Reports Q4 revenue $253.38M, consensus $253.79M. “We are pleased that our Adjusted EBITDAre and Adjusted FFO per share exceeded our expectations for the fourth quarter, despite our ongoing transformative renovation at Hyatt Regency Scottsdale and the now completed renovation at Grand Bohemian Hotel Orlando which weighed on our portfolio RevPAR growth during the quarter,” said Marcel Verbaas, chair and CEO of Xenia. “Continued focus on expense controls drove our results during the quarter, helping us achieve a Hotel EBITDA Margin that, excluding Hyatt Regency Scottsdale, was only slightly below prior year’s results.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on XHR:
- XHR Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Wolfe starts Xenia Hotels at Peer Perform, sees concerns around supply
- Xenia Hotels initiated with a Peer Perform at Wolfe Research
- Xenia Hotels price target raised to $12 from $11 at Morgan Stanley
- Xenia Hotels price target raised to $14 from $13 at Jefferies