#United States #Orlando #financial results #Xenia Hotels #Resorts

Xenia Hotels & Resorts Reports Strong Q1 2026 Results

Xenia Hotels & Resorts, Inc. (NYSE: XHR) has unveiled robust financial outcomes for the first quarter of 2026, marking a successful start to the year for the company. The results reveal a noteworthy increase in net income and key operational metrics, reflecting the solid performance across its hotel portfolio.

According to the reports, net income attributable to common stockholders reached $19.8 million, translating to an impressive $0.21 per share. Notably, the company’s adjusted EBITDA rose by 11.6%, amounting to $81.4 million compared to the same quarter in the previous year.

Key Highlights

Some critical highlights from the quarter include:

• - Adjusted Funds From Operations (FFO) per diluted share increased by 23.5%, reaching $0.63.
• - The same-property occupancy rate stood at 71.4%, an increase of 180 basis points year-over-year.
• - Average Daily Rate (ADR) for same-properties rose by 4.8%, reaching $288.62.
• - Revenue per Available Room (RevPAR) surged by 7.4%, amounting to $205.93.

Marcel Verbaas, Chair and CEO of Xenia, expressed his satisfaction with the results, stating, “We are pleased with the strong start to 2026, as our portfolio delivered first-quarter results that exceeded our expectations.” He further noted the company's record performance at the Grand Hyatt Scottsdale Resort, along with a notable demand for group bookings and transient guests. March showed a standout growth of over 14% in RevPAR compared to March of the previous year, a clear indicator of the company's positive momentum.

Financial Management and Strategic Outlook

In terms of managing debt and investments, Xenia paid off a $52 million mortgage loan secured by the Grand Bohemian Hotel Orlando during the quarter. The company announced a dividend of $0.14 per share for stockholders of record on March 31, reflecting its commitment to returning value to its investors.

The company reported total outstanding debt of approximately $1.4 billion with a weighted-average interest rate of 5.53%. Xenia currently has $101 million in cash and cash equivalents, contributing to a total liquidity of around $601 million. This strong liquidity is expected to empower further investments and improvements across its portfolio.

Capital Expenditures and Renovations

For the quarter ending on March 31, 2026, Xenia invested $15.2 million toward portfolio enhancements. The renovations included a complete guest room makeover at Fairmont Pittsburgh and upgrades at Marriott Dallas Downtown. The company also reconcepted food and beverage facilities at W Nashville, partnering with José Andrés Group to elevate the dining experience for guests.

Looking ahead, Xenia has embarked on further plans for renovations in 2026, including significant projects at Andaz Napa and The Ritz-Carlton, Denver. These moves demonstrate the company’s commitment to maintaining high standards in its luxury and upscale hotel segments.

Future Expectations

Given the strong first-quarter performance, Xenia Hotels & Resorts has raised its full-year guidance to reflect this positive momentum. The revised expectations suggest continued growth in both the traveling and hospitality sectors, as seen by an anticipated nearly 6% increase in April's RevPAR when compared to April 2025.

Verbaas concluded with a positive note on future prospects, stating, “Our well-positioned luxury and upper-upscale lodging portfolio, combined with a health balance sheet and top-notch operating partners, sets a robust foundation for meaningful growth throughout 2026 and beyond.” As Xenia continues to navigate a post-pandemic recovery and growing demand for travel, the company is well-poised to build on its current successes.