Xenia Hotels Results
Xenia Hotels & Resorts Reports Q3 2023 Results
Adjusted EBITDAre: $46.3 million, decreased 13.9% compared to the third quarter of 2022
Adjusted EBITDAre: $46.3 million, decreased 13.9% compared to the third quarter of 2022
Fourth Quarter Adjusted EBITDAre: $64.6 million, increased 32.0% compared to the fourth quarter of 2021
Same-Property RevPAR: $149.60, a 119.6% increase compared to the first quarter of 2021 and a decrease of 19.5% versus the first quarter of 2019
The newly developed 346-key luxury lifestyle hotel was acquired for $328.7 million, or $950,000 per key, with available cash.
Xenia Hotels & Resorts Announces Agreement to Acquire W Nashville Hotel
Full Year Same-Property Hotel EBITDA: $130.3 million, a decline of 52.3% versus 2019.
As of October 28, 2020, preliminary operational results have continued to improve at the 36 open and operating hotels with occupancy of approximately 33% and an ADR of approximately $189, resulting in RevPAR of approximately $63.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) last week announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key.
Month-to-date, through August 22, 2020, the Company's open and operating properties achieved average occupancy of approximately 30% with an average daily rate of approximately $170, which resulted in average RevPAR of approximately $50.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) today announced that, due to the severe downturn in lodging demand resulting from the COVID-19 pandemic, the Company has further streamlined its operations and reduced its ongoing corporate expenses by eliminating the role of Chief Investment Officer.