ORLANDO, Fla., Nov. 3, 2026 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended September 30, 2026.

Third Quarter 2026 Highlights

- Net Loss: Net loss attributable to common stockholders was $2.7 million, compared to a net loss of $13.7 million for the same period in 2025

- Net Loss per Diluted Share: Net loss attributable to common stockholders per diluted share was $0.03, compared to $0.14 for the same period in 2025

- Adjusted EBITDAre: $53.2 million, increased 26.0% compared to the third quarter of 2025

- Adjusted FFO per Diluted Share: $0.36, increased 56.5% compared to the third quarter of 2025

- Same-Property Occupancy: 70.0%, increased 380 basis points compared to the third quarter of 2025

- Same-Property ADR: $264.00, increased 6.4% compared to the third quarter of 2025

- Same-Property RevPAR: $184.75, increased 12.5% compared to the third quarter of 2025

- Same-Property Total RevPAR: $325.71, increased 12.7% compared to the third quarter of 2025

- Same-Property Hotel EBITDA: $60.2 million, increased 29.3% compared to the third quarter of 2025

- Same-Property Hotel EBITDA Margin: 22.9%, increased 295 basis points compared to the third quarter of 2025

- Dividends: Declared a third quarter dividend of $0.14 per share for stockholders of record on September 30, 2026

Year-to-Date 2026 Highlights

- Net Loss: Net loss attributable to common stockholders was $2.3 million, compared to net income attributable to common stockholders of $57.0 million for the same period in 2025

- Net Loss per Diluted Share: Net loss attributable to common stockholders per diluted share was $0.03, compared to net income attributable to common stockholders per diluted share of $0.57 for the same period in 2025

- Adjusted EBITDAre: $212.7 million, increased 9.2% compared to the same period in 2025

- Adjusted FFO per Diluted Share: $1.61, increased 22.9% compared to the same period in 2025

- Same-Property Occupancy: 71.3%, increased 190 basis points compared to the same period in 2025

- Same-Property ADR: $279.79, increased 5.4% compared to the same period in 2025

- Same-Property RevPAR: $199.37, increased 8.3% compared to the same period in 2025

- Same-Property Total RevPAR: $354.56, increased 7.5% compared to the same period in 2025

- Same-Property Hotel EBITDA: $232.8 million, increased 13.5% compared to the same period in 2025

- Same-Property Hotel EBITDA Margin: 27.4%, increased 145 basis points compared to the same period in 2025

- Financing Activity: In February, the Company paid off the $52 million mortgage loan secured by Hotel Beauden, Autograph Collection.

- Transaction Activity: In July, the Company sold the 85-room Kimpton RiverPlace Hotel for $11 million, or approximately $129,400 per key.

"Our third quarter results significantly surpassed our expectations, as strong broad-based group and corporate transient demand coupled with an incremental increase in leisure demand from several large events drove substantial increases in Same-Property RevPAR, Same-Property Total RevPAR and Same-Property Hotel EBITDA compared to the same period last year," said Marcel Verbaas, Chairman and Chief Executive Officer of Xenia. "Robust top-line performance, driven by Same-Property ADR growth of 6.4% and an increase of 380 basis points in Same-Property Occupancy, combined with disciplined expense management, resulted in margin growth of 295 basis points. Very strong RevPAR growth at our properties in Philadelphia, New Orleans, San Diego, Santa Clara, Pittsburgh, Houston, Key West and Orlando led the way in the third quarter. Performance exceeded our projections throughout our portfolio, driven by continued strengthening of transient demand in addition to significant growth in group demand compared to the third quarter of 2025. Reflecting our continued emphasis on margin improvement and earnings growth, Adjusted EBITDAre and Adjusted FFO per share increased 26.0% and 56.5%, respectively, compared to the same period last year."

"The revenue growth we saw in the first three quarters of the year has continued into October, as we estimate Same-Property RevPAR was up approximately 8% compared to October 2025," continued Mr. Verbaas. "As a result of our significant third quarter and October outperformance compared to our prior expectations, as well as continued confidence in the strength of demand for the remainder of the year, we have raised our outlook for full year 2026 meaningfully. We have increased the midpoint of our full year 2026 guidance for Adjusted EBITDAre by $8 million and Adjusted FFO per share by $0.09 compared to prior guidance. We continue to believe our high-quality and well-located portfolio is well-positioned for future growth as we expect lodging demand for higher-end hotels and resorts to continue to be strong while supply growth remains limited for the foreseeable future."

Operating Results

The Company's results include the following:

Liquidity and Balance Sheet

As of September 30, 2026, the Company had total outstanding debt of approximately $1.4 billion with a weighted-average interest rate of 5.55%. The Company had approximately $161 million of cash and cash equivalents, including hotel working capital, and full availability on its revolving line of credit, resulting in total liquidity of approximately $661 million as of September 30, 2026. In addition, the Company held approximately $85 million of restricted cash and escrows at the end of the third quarter.

Capital Markets

The Company did not repurchase any shares of its common stock during the quarter and currently has $97.5 million in capacity remaining under its repurchase authorization. The Company did not issue any shares of its common stock through its At-The-Market ("ATM") program in the quarter and had $200 million of remaining availability as of September 30, 2026.

Transactions

In July, the Company sold the 85-room Kimpton RiverPlace Hotel in Portland, Oregon, for $11 million, or approximately $129,400 per key. The sale price represented a 19.4x multiple and a 2.0% capitalization rate on Hotel EBITDA and Net Operating Income for the trailing twelve months ended June 30, 2026, respectively. These transaction price metrics are exclusive of significant near-term capital expenditures that would have been required. Net proceeds from the sale will be utilized for general corporate purposes, which may include debt repayments, potential acquisitions consistent with the Company's strategy, and/or share repurchases under the Company's existing authorization. In the second quarter, the Company recorded a non-cash impairment charge of $38.8 million related to this property.

Capital Expenditures

During the three and nine months ended September 30, 2026, the Company invested $16.4 million and $47.0 million in portfolio improvements, respectively.

During the third quarter, the Company:

- completed the renovation of guest rooms and corridors in the 68-room Monte Vista Building and the renovation of the T. Cook's restaurant at Royal Palms Resort & Spa

- performed and continued planning mechanical system and infrastructure upgrades at nine hotels which are expected to be completed in 2026

- performed and continued planning minor guest room upgrades at three hotels which are expected to be completed in 2026 or in the first quarter of 2027 based on hotel occupancy

Additionally, the Company continues substantial progress preparing for two significant renovations that include:

- Andaz Napa â The first of two phases of a comprehensive renovation of guest rooms and corridors that is on-track to begin in early December

- The Ritz-Carlton, Denver â Renovation of guest rooms, corridors and meeting space that is on-track to begin in early December

Current Full Year 2026 Outlook and Guidance

The Company has updated its full year 2026 outlook. The range below reflects the Company's limited visibility in forecasting due to continued macroeconomic uncertainty and is based on the current economic environment and does not take into account any unanticipated impacts to the business or operations. Furthermore, this guidance assumes no additional acquisitions, dispositions, equity issuances, or share and/or senior note repurchases. The Same-Property RevPAR and Same-Property Total RevPAR change shown below includes all hotels owned as of November 3, 2026.

Current full year 2026 guidance is inclusive of the following assumptions:

- Disruption due to renovations is expected to negatively impact Adjusted EBITDAre and Adjusted FFO by approximately $1 million - no change from prior guidance

- General and administrative expense of approximately $26 million, excluding non-cash share-based compensation - an increase of $1 million from prior guidance

- Interest expense of approximately $78 million, excluding non-cash loan related costs - no change from prior guidance

- Income tax expense of approximately $1 million -a decrease of $1 million from prior guidance

- 95.7 million weighted-average diluted shares - no change from prior guidance

Third Quarter 2026 Earnings Call

The Company will conduct its quarterly conference call on Tuesday, November 3, 2026 at 1:00 PM Eastern Time. To participate in the conference call, please dial (833) 461-5787, meeting ID 953 553 378. Additionally, a live webcast of the conference call will be available through the Company's website, www.xeniareit.com. A replay of the conference call will be archived and available online through the Investor Relations section of the Company's website for 90 days.

About Xenia Hotels & Resorts, Inc.

Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 29 hotels and resorts comprising 8,783 rooms across 14 states.