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What is the revenue and EPS growth rate for Xenia Hotels year over year?

What guidance did Xenia Hotels's management provide for the next earnings period?

What is Xenia Hotels's latest dividend and current dividend yield?

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- **Revenue Growth**: 3.9% RevPAR, 8% total RevPAR in 2025. 2026 guidance: 3% RevPAR, 7% FFO per share growth.
- **Group Strength**: 12.8% group room revenue growth, 17.2% banquet/catering increase. 2026 group pace up 10%.
- **F&B Expansion**: Nashville F&B relaunch to add $3-5M EBITDA, Scottsdale renovation driving 50% of incremental EBITDA.
- **Share Buybacks**: $12.87M spent in 2025, $97.5M remaining authorization.

**【CEO Opening Remarks】**
- Q4 2025: Adjusted EBITDA of $63.6M, adjusted FFO per share of $0.45, exceeding guidance. Full-year 2025: Adjusted EBITDAre of $258.3M, FFO per share of $1.76.
- RevPAR growth: 4.5% Q4, 3.9% full-year; total RevPAR up 6.7% Q4, 8% full-year. Group demand drove 12.8% increase in group room revenue (17.2% banquet/catering growth).
- 2026 Outlook: 3% RevPAR growth (midpoint), 7% FFO per share growth. $70-80M CapEx, $1M EBITDA displacement.

**【CFO Financial Commentary】**
- 2025: Net income $63.1M, FFO per share $1.76. 2026 guidance: FFO per share $1.89 (7% growth). 2026 EBITDA: $260M (1% growth vs 2025). 
- Expense trends: 3% cost/occupied room growth, 6% wage/benefit growth. 2025 share buybacks: 9.4M shares ($12.87 avg), $97.5M remaining authorization.

**【Q&A Highlights】**
- **RevPAR Guidance**: 1/4 of 2026 growth from FIFA World Cup, NFL Draft. Group pace up 10% (excluding Scottsdale: 8%).
- **Corporate Transient Recovery**: Q4 2025 large corporate accounts up mid-teens, 2026 transient occupancy expected to improve.
- **Nashville F&B**: New outlets expected to add $3-5M EBITDA, full stabilization by 2027. 2026 RevPAR growth: 4.25% total, 3% RevPAR (midpoint).
- **Expense Growth**: 4.5% hotel OpEx growth (3% indirect, 6% wages). Grand Hyatt Scottsdale driving 50% of incremental EBITDA.

Xenia Hotels & Resorts, Inc.(XHR)-20260224-2025 Q4 Earnings call transcript

- **Q3 Performance**: Flat RevPAR (+3.7% total RevPAR) driven by non-rooms growth, with Scottsdale leading at +270% RevPAR.
- **2026 Outlook**: Group pace up mid-teens, Scottsdale EBITDA ramping to $30M/year, W. Nashville F&B to add $3-5M EBITDA.
- **Financial Strength**: 5x leverage, $688M liquidity, 12.6% YTD EBITDA growth. Dividend payout ~50% of FAD.
- **Key Drivers**: Group demand (35% of mix), Scottsdale renovation, and F&B repositioning at W. Nashville.

**【CEO Opening Remarks】**
- Q3 2025 revenue met expectations despite a challenging leisure demand environment, with adjusted EBITDAre of $42.2 million and adjusted FFO per share of $0.23.
- Same-property RevPAR was flat year-over-year, driven by a 1.6% ADR increase offsetting a 100bps occupancy decline. Excluding Houston, RevPAR grew 2.9% due to strong performance at Grand Hyatt Scottsdale (up 270% in RevPAR).
- Total RevPAR increased 3.7% due to non-rooms revenue growth, particularly banquet and catering.
- 2026 group pace is up 12% for November-December, with 50% of group rooms revenue booked.

**【COO Operating Update】**
- Top-performing hotels: Grand Hyatt Scottsdale (+270%), Andaz Savannah (+15.3%), Waldorf Atlanta (+14%). Houston hotels lagged due to tough 2024 comparisons from Hurricane Beryl.
- Q3 RevPAR growth: July (-1.7%), August (-1.5%), September (+3.2%). Business transient demand improved in September, up 5.8% in October.
- Hotel EBITDA of $47 million (+0.7%) vs. 2024, with margin down 60bps. Year-to-date EBITDA up 12.6%.
- W. Nashville F&B relaunch with Jose Andres Group expected to add $3-5 million EBITDA upon stabilization, targeting $20+ million annual EBITDA.

**【CFO Financial Review】**
- Balance sheet: $1.4 billion debt (5x leverage), $188 million cash, $688 million liquidity. 2025 guidance: RevPAR +4% (midpoint), EBITDAre $254 million, FFO $1.72/share.
- 2026 outlook: Group pace up mid-teens, Scottsdale EBITDA ramping to $30 million/year. Full year RevPAR growth expected to outpace 2025.
- Share buybacks: $83.8 million YTD, 6.6% of shares repurchased. Dividend payout ratio ~50% of FAD, targeting 60-70% long-term.

**【Q&A Highlights】**
- **Government Shutdown Impact**: Minimal to date, with limited cancellations. Houston market improving in October.
- **2026 Group Demand**: Pace up mid-teens overall, strongest in Northern CA (Super Bowl), Houston, Orlando. F&B revenue growth expected to continue.
- **Leisure Demand**: Normalization ongoing, with stabilization in key markets. Business transient demand improving steadily.
- **W. Nashville F&B**: Expected to drive incremental EBITDA within 2 years, with full stabilization by 2026.


Xenia Hotels & Resorts, Inc. (XHR) Q3 2025 Earnings Call Transcript

- **Revenue Growth**: 4% same-property RevPAR increase driven by 140 bps occupancy rise and 2% ADR growth. Group room revenues +15.6% YoY.
- **Profitability**: Hotel EBITDA margin expanded 269 bps to 22.2% YoY. Adjusted EBITDAre guidance raised to $256M midpoint.
- **Strategic Moves**: Sold Fairmont Dallas for $111M (11.3% IRR). Reduced CapEx to $75-85M, prioritizing strategic upgrades.
- **Group Strength**: 2026 group pace +mid-teens Scottsdale, +low-teens ex-Scottsdale. Catering revenue record highs in Q2.
- **Leverage & Buybacks**: 5.0x leverage, $71.5M shares repurchased YTD. Industry supply growth expected to drop to 0.1% by 2028.

**【CEO Summary Section】**
- Q2 2025 revenue and hotel EBITDA significantly outperformed expectations, driven by a 4% same-property RevPAR increase (140 bps occupancy growth, 2% ADR rise) and strong group business. Grand Hyatt Scottsdale contributed 150% RevPAR growth post-renovation.
- Adjusted EBITDAre of $79.5M (+$8M midpoint guidance increase) and FFO per share of $0.57 (+9.6% YoY). Hotel EBITDA margin expanded 269 bps to 22.2% YoY.
- Sold Fairmont Dallas for $111M, generating 11.3% IRR over 14-year hold period, reallocating capital to higher-return projects.

**【COO Operating Results】**
- Top performers: Grand Hyatt Scottsdale (+150%), Fairmont Pittsburgh (+30%), Kimpton Santa Barbara (+10%). Group room revenues +15.6% YoY, food & beverage +20% due to high-quality corporate events.
- Midweek RevPAR growth (+4.6% Tue/Wed) offset weekend declines (-leisure demand). Corporate transient recovery slow, but group demand robust (+16% H2 pace ex-Scottsdale).
- Capital expenditures reduced to $75-85M vs. $100M initial plan, focusing on strategic upgrades with minimal disruption.

**【CFO Financial Commentary】**
- Net income $55.2M, adjusted EBITDAre $79.5M, FFO per share $0.57. Full year EBITDAre guidance raised to $256M midpoint (+$8M).
- Balance sheet: $1.4B debt (75% fixed-rate), 5.0x leverage (5.2x pro forma Fairmont sale). $173M cash, $673M liquidity.
- Share buybacks: $71.5M year-to-date ($12.58 avg price), $146M remaining under $200M authorization. Dividend $0.14Q2 (4.5% yield).
- 2026 group pace: +mid-teens Scottsdale, +low-teens ex-Scottsdale. Industry supply growth expected to drop to 0.1% by 2028.

**【Q&A Highlights】**
- **Buybacks**: Active tool for value creation, with $71.5M spent YTD at attractive prices. Leverage mindful of capital allocation.
- **Group Demand**: 2026 pace +40% definite, Scottsdale +mid-teens. Northern California hotels seeing corporate recovery but wage pressures.
- **Scottsdale Performance**: Tracking to low-20s EBITDA guidance, group market share improving post-renovation.
- **Leisure Demand**: July RevPAR slightly negative vs. 2024 (excluding Houston, +3%). August/September bookings improving industry-wide.


Xenia Hotels & Resorts, Inc. (XHR) Q2 2025 Earnings Call Transcript

- **Q1 2025 Strong Results**: 6.3% RevPAR growth, $15.6M net income, and 16% FFO per share increase.
- **Grand Hyatt Scottsdale Success**: 60% RevPAR growth; group bookings exceed 2019 levels.
- **Strategic Transactions**: $25M land purchase avoids $M+ rent escalations; $111M Fairmont Dallas sale yields 11.3% IRR.
- **CapEx Reduction**: $25M YoY cut to $75-85M; deferring high-risk projects amid macro uncertainty.
- **Group Growth**: 22% pace increase for 2025; 30% for H2; Scottsdale group revenue up 15% YoY.

**【CEO Summary Section】**
- Q1 2025 net income: $15.6 million; adjusted EBITDAre: $72.9 million (+12% YoY); adjusted FFO per share: $0.51 (+16% YoY).
- Same-property RevPAR: $188.73 (+6.3% YoY), driven by 180bps occupancy growth and 3.6% ADR increase.
- Grand Hyatt Scottsdale RevPAR up 60% YoY; 1/3 of portfolio assets achieved double-digit RevPAR growth.
- Acquired fee simple interest in Hyatt Regency Santa Clara land for $25M, avoiding ground rent escalations.
- Sold Fairmont Dallas for $111M, avoiding $80M renovation and EBITDA disruption.
- Reduced 2025 CapEx guidance to $75-85M (-$25M YoY), deferring projects amid macroeconomic uncertainty.

**【COO Operating & Capital Expenditure】**
- 31-hotel portfolio EBITDA: $79.3M (+10.5% YoY); margin +42bps to 42.4%.
- Food & beverage revenue +13.4%; F&B profit margin +145bps; AMG & sales expenses +7%.
- Q1 CapEx: $32.4M (Grand Hyatt Scottsdale renovation completion).
- Deferred guestroom renovations at Andaz Napa and Ritz-Carlton Denver; reevaluating 2025 projects due to tariffs.

**【CFO Financial Commentary】**
- Balance sheet: $715M liquidity; 5.4x net debt/EBITDA (target 3.0-4.0x).
- Repurchased 2.7% of shares ($36M) at $13.09; increased dividend 17% to $0.14/quarter.
- Full-year RevPAR guidance: 4.5% growth (midpoint), with 3% from Scottsdale and 1.5% from rest of portfolio.
- Adjusted EBITDAre guidance reduced by $6M YoY due to macro risks; FFO per share: $1.62 (+1%).

**【Q&A Key Takeaways】**
- Group bookings: 22% pace increase for balance of 2025; 30% for H2; no cancellations noted.
- Leisure demand mixed: Scottsdale transient softer, others like Aviara and Santa Barbara strong.
- Tariffs impact project ROI; 2026 renovations likely if macro stabilizes.
- International exposure minimal; Phoenix/Orlando leisure softness limited to specific assets.
- 2026 group pace building; Scottsdale group production up 15% YoY vs 2019.

Xenia Hotels & Resorts (XHR)-2 May 25-2025 Q1 Earnings call transcript

- **Scottsdale Transformation**: 2025 EBITDA target $20-30M, with 2026+ stabilization above 2019 levels
- **Revenue Growth Drivers**: 5% RevPAR (midpoint), 17% group booking pace, Q1 2025 RevPAR +7.3%
- **Financial Strength**: $650M liquidity, 75% fixed debt, 5.4x net debt/EBITDA
- **Shareholder Returns**: 2024 buybacks ($118M remaining), 4%+ dividend yield
- **Risks**: Leisure demand normalization, wage inflation (+4% per occupied room)

**【CEO Marcel Verbaas Opening Remarks】**
- **Q4 2024 Performance**: 
  - Adjusted EBITDAre: $59.2M (5.1% RevPAR growth)
  - Q4 FFO per share: $0.39 (vs. guidance midpoint)
  - Full year RevPAR growth: 1.6% (3.4% ex-Scottsdale)
- **Grand Hyatt Scottsdale Renovation**: 
  - $150M project completed in Q4 2024
  - New 12,000 sq.ft. ballroom added
  - 2025 EBITDA target: $20-30M (vs. $23M in 2019)
- **2025 Outlook**: 
  - RevPAR growth: 3.5%-6.5% (midpoint 5%)
  - Group room revenue pace: +17% (12% ex-Scottsdale)
  - Business transient demand recovery evident in Q1 2025

**【COO Barry Bloom Operational Details】**
- **Q4 2024 Key Metrics**: 
  - RevPAR: $165.92 (5.1% growth)
  - EBITDA: $62.9M (-0.6% YoY)
  - Top performers: Orlando (+43%), Salt Lake City (+25.4%), Santa Barbara (+21.2%)
- **Cost Management**: 
  - A&D expenses: +5.9% YoY
  - Repairs & maintenance: +8.5% YoY
  - Wage growth offset by productivity gains
- **2025 Capital Plan**: 
  - $140M+ in renovations (minimal guest disruption)
  - Key projects: Andaz Napa rooms, Ritz-Carlton Denver upgrades

**【CFO Atish Shah Financial Update】**
- **Balance Sheet Strength**: 
  - Liquidity: $650M (incl. $500M undrawn revolver)
  - Debt mix: 75% fixed-rate
  - Net debt/EBITDA: 5.4x (declining with Scottsdale recovery)
- **Return of Capital**: 
  - 2024 share buybacks: 1.1M shares ($14 avg price)
  - Q1 2025 dividend: $0.14 (4%+ yield)
- **2025 Financial Guidance**: 
  - EBITDAre: $254M (+7% YoY)
  - FFO per share: $1.64 (+3.5% YoY)
  - Interest expense: +$4M YoY
  - Tax expense: +$7M YoY

**【Q&A Highlights】**
1. **RevPAR Guide Breakdown**: 
   - 50% from Scottsdale recovery
   - 30% from group demand
   - 20% from business transient
2. **Scottsdale EBITDA Path**: 
   - 2025: $20-30M
   - 2026: Stabilize above 2019 levels
3. **West Coast Recovery**: 
   - San Francisco tech demand rebounding
   - Santa Barbara/Napa leisure normalization
4. **Acquisition Pipeline**: 
   - Modest improvement in deal flow
   - Focus on high ROI renovations first


Actual												-0.1748	-0.8471	-0.46	0.22	-0.5	-0.36	-0.2	-0.1993	-0.05	0.24	-0.01	0.31	0.06	0.12	-0.08	0.07	0.08	0.15	-0.07	-0.01	0.15	0.56	-0.14	0.07
Forecast												0.0148	-0.7178	-0.6767	-1.7156	-0.5456	-0.3302	-0.2026	-0.1881	-0.1261	0.104	0.043	0.0333	0.0655	0.1306	-0.0534	0.015	0.0302	0.1225	-0.0775	0.0115	0.0563	0.3028	-0.16	0.035	0.16
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1281.08%	-18.01%	+32.02%	+112.82%	+8.36%	-9.02%	+1.28%	-5.95%	+60.35%	+130.77%	-123.26%	+830.93%	-8.40%	-8.12%	-49.81%	+366.67%	+164.90%	+22.45%	+9.68%	-186.96%	+166.43%	+84.94%	+12.50%	+100.00%	0.00%

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