Xenia Hotels & Resorts Expands Share Repurchase Plan

Xenia Hotels & Resorts, a real estate investment trust, has boosted its share repurchase plan. The company owns 31 hotels with approximately 9,408 rooms across 14 states, operated by various brands such as Marriott, Hyatt, and Hilton. The REIT aims to invest in luxury and upper upscale hotels and resorts, focusing on top lodging markets and leisure destinations in the US. The increased share repurchase plan is a strategic move to strengthen the company's financial position.

Xenia Hotels & Resorts, Inc. (NYSE: XHR) has announced a significant boost to its share repurchase program and declared a cash dividend for the second quarter of 2025. The company, a self-advised and self-administered REIT, focuses on luxury and upper upscale hotels and resorts across the United States.

The Board of Directors authorized a cash dividend of $0.14 per share, to be paid on July 15, 2025, to all holders of record as of June 30, 2025. Additionally, the Board approved an increase in the share repurchase program by an additional $100 million. This brings the total repurchase authorization to approximately $180 million, with the program allowing for purchases in the open market, through private transactions, or under Rule 10b5-1 trading plans.

Xenia Hotels & Resorts currently owns 30 hotels and resorts comprising 8,868 rooms across 14 states. These properties are operated or licensed by industry leaders such as Marriott, Hyatt, Fairmont, Kimpton, Loews, Hilton, and The Kessler Collection. The company aims to invest in uniquely positioned luxury and upper upscale hotels and resorts, focusing on top lodging markets and leisure destinations in the US.

The increased share repurchase plan is a strategic move to strengthen the company's financial position. By reducing the number of outstanding shares, the company can potentially increase earnings per share, thereby boosting shareholder value. The dividend declaration also demonstrates the company's commitment to returning capital to shareholders.

Xenia Hotels & Resorts' move comes amidst a robust growth outlook for the US hospitality sector, driven by factors such as increased tourism and higher disposable incomes. The company's focus on luxury and upper upscale hotels aligns with the growing demand for premium accommodations.

References:
[1] https://www.morningstar.com/news/pr-newswire/20250514fl87086/xenia-hotels-resorts-declares-dividend-for-second-quarter-2025-and-announces-board-approval-for-a-100-million-increase-in-share-repurchase-program