Xenia Reports Q4 Revenue of $265.58M
Reports Q4 revenue $265.58M, consensus $264.77M. "Strong group and transient demand drove a Same-Property RevPAR increase of 4.5% for the quarter, building on the 5.6% RevPAR growth our Same-Property portfolio achieved in the fourth quarter of 2024," said Marcel Verbaas, chair and CEO of Xenia. "Growth in non-rooms revenues contributed to a 6.7% increase in Same-Property Total RevPAR for the quarter. The continued successful ramp at Grand Hyatt Scottsdale, as well as strong performance by our hotels in Santa Barbara, Orlando, San Diego, and Santa Clara were the most significant components of our Same-Property RevPAR growth for the quarter. Encouragingly, our hotels in the Houston market also experienced growth in RevPAR as market performance improved after the difficult year-over-year comparisons in the third quarter."
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- Strong Financial Performance: In Q1 2026, Xenia Hotels reported a net income of $19.8 million, adjusted EBITDA of $81.4 million, and adjusted FFO per share of $0.63, indicating robust operational capacity and strong market demand as all key metrics exceeded expectations.
- Significant RevPAR Growth: Same-property RevPAR increased by 7.4%, total RevPAR reached $370.13, and hotel EBITDA margin expanded to 29.7%, which not only enhances the company's profitability but also strengthens its position in a competitive hotel market.
- Prudent Debt Management: At the end of the quarter, Xenia had approximately $1.4 billion in outstanding debt with a weighted average interest rate of 5.5% and a leverage ratio of about 4.8x, while maintaining over $600 million in liquidity, providing ample financial support for future investments and expansions.
- Cautious Outlook: Although RevPAR is expected to grow between 2.75% and 5.25% for 2026, the reduction of special event uplift expectations related to the World Cup to 25-50 basis points reflects the company's cautious stance on future market uncertainties.
- Earnings Highlights: Xenia Hotels reported Q1 GAAP EPS of $0.21, beating expectations by $0.03, with revenue of $295.4 million reflecting a 2.2% year-over-year increase, surpassing estimates by $4.07 million, indicating robust market performance.
- Adjusted FFO Growth: The company targets a 7% growth in adjusted FFO per share for 2026, driven by group demand and asset upgrades, highlighting Xenia's strategic focus on enhancing operational efficiency and market competitiveness.
- Expense Management: General and administrative expenses are projected at approximately $25 million, an increase of $1 million from prior guidance, while interest expenses remain at $78 million, demonstrating the company's ongoing efforts in cost control.
- Future Outlook: Despite anticipated renovation disruptions negatively impacting adjusted EBITDA and FFO by about $1 million, the company maintains an optimistic outlook for future financial performance, indicating long-term growth potential within the industry.
- Earnings Growth: Xenia Hotels & Resorts reported first-quarter earnings of $19.77 million, translating to $0.21 per share, which marks a significant increase from last year's $15.59 million and $0.15 per share, indicating strong performance amid market recovery.
- Adjusted Earnings: Excluding special items, Xenia's adjusted earnings reached $60.55 million, or $0.63 per share, showcasing the company's success in cost control and operational efficiency improvements.
- Revenue Increase: The company's revenue for the first quarter was $295.41 million, up 2.2% from $288.93 million last year, reflecting Xenia's ability to achieve stable revenue growth despite intense market competition.
- Positive Market Outlook: With the gradual recovery of the travel industry, Xenia's earnings and revenue growth provide a solid foundation for future expansion and investment, signaling a positive outlook for the company in the industry's recovery phase.
- Significant Performance Growth: In Q1 2026, Xenia Hotels reported a Same-Property RevPAR increase of 7.4% year-over-year to $205.93, indicating strong market demand and effective cost management, which further solidifies its position in the luxury hotel market.
- Margin Improvement: The company's Adjusted EBITDA and Adjusted FFO per share grew by 11.6% and 16.3%, respectively, reflecting its strategic focus on profitability, which is expected to enhance shareholder returns in the future.
- Strong Cash Flow and Liquidity: As of March 31, 2026, Xenia's liquidity reached approximately $601 million, demonstrating its robust financial health and ability to navigate market fluctuations, providing support for future investments and expansions.
- Optimistic Full-Year Outlook: The company raised its full-year 2026 guidance, projecting Same-Property RevPAR growth of 2.75% to 5.25%, indicating management's confidence in market recovery and the effectiveness of its strategic initiatives.

Financial Performance: The adjusted diluted share price for the hotels and resorts in the current outlook is projected to be between $1.86 and $2.02.
Market Trends: The report indicates a positive trend in the hospitality sector, suggesting potential growth and recovery in the market.









