Xenia Hotels & Resorts Unveils Third Quarter Financial Performance with Key Metrics

Xenia Hotels & Resorts Reports Third Quarter 2025 Results

On October 31, 2025, Xenia Hotels & Resorts, Inc., traded under NYSE: XHR, disclosed its financial outcomes for the third quarter ending September 30, 2025. The quarter witnessed several challenges, leading to a net loss attributed to common stockholders of $13.7 million, equating to $0.14 per share.

Financial Highlights

Among the key highlights from the third quarter, the company noted an Adjusted EBITDAre of $42.2 million, which represents a 4.6% decline compared to Q3 2024. The Adjusted FFO (Funds From Operations) per diluted share decreased by 8.0% to $0.23 when set against the prior year.

The occupancy rate for the same-property assets was reported at 66.3%, reflecting a slight downturn of 100 basis points compared to the previous year. However, the Average Daily Rate (ADR) displayed resilience, increasing by 1.6% to $248.09. Despite the occupancy drop, RevPAR (Revenue Per Available Room) remained flat at $164.50, while the Total Revenue Per Available Room (Total RevPAR) increased by 3.7%, hitting $289.76.

In additional details for the year-to-date 2025, net income attributed to common stockholders reached $57.0 million ($0.57 per share), showcasing a dramatic increase from the previous period. The Adjusted EBITDAre marked a 9.4% rise, totaling $194.7 million, and the Same-Property occupancy rose by 80 basis points to 69.4% for the nine-month period.

Market Performance Insights

Xenia's Chair and CEO, Marcel Verbaas, commented on the company’s performance amidst a tough operating climate, primarily influenced by lower leisure demand over the summer months. The challenges were notably pronounced in the Houston market, which experienced steep competition due to nearby operational impacts from Hurricane Beryl in the prior year.

Despite these setbacks, Xenia’s Same-Property RevPAR remained stable, and if the Houston properties are excluded, there was a notable 2.9% increase in RevPAR driven by robust results from the Grand Hyatt Scottsdale, which is transitioning toward post-renovation stability.

Verbaas expressed a cautious optimism regarding future expectations, projecting a 4% increase in Same-Property RevPAR and an Adjusted EBITDAre of approximately $254 million for the full year.

Capital Market Activities

Throughout the quarter, Xenia executed share repurchases totaling 974,645 shares at an average price of $12.66 each. Year-to-date repurchases amounted to 6,656,706 shares for about $83.8 million, with $134.1 million still available under their share repurchase program.

The company has continued investing in property improvements with investments amounting to approximately $19.9 million in Q3 and $70.7 million year-to-date, part of which includes renovations across several locations like the Grand Hyatt Scottsdale Resort.

Looking Ahead

As we move into the remainder of 2025, Xenia plans to commence additional renovations and upgrades at its properties, including an expected relaunch of food and beverage outlets at select locations, in collaboration with José Andrés Group. This is part of a broader strategy to augment revenue streams while enhancing the customer experience.

The company has reiterated its commitment to its high-quality, diversified portfolio, positioning itself for growth in 2026 and beyond despite the unpredictability of the market. With a solid foundation and strategic advancements in place, Xenia Hotels & Resorts is poised to navigate through these challenges and capitalize on anticipated market recovery.