Orlando – November 03, 2026 -- Xenia Hotels & Resorts (NYSE: XHR) raised its full-year 2026 guidance after third-quarter Adjusted EBITDAre rose 26.0% to $53.2 million and Adjusted FFO per diluted share climbed 56.5% to $0.36.

Same-Property RevPAR rises 12.5% on higher occupancy and rates

Same-Property occupancy reached 70.0%, up 380 basis points year over year. Same-Property ADR increased 6.4% to $264.00, lifting Same-Property RevPAR 12.5% to $184.75. Same-Property Total RevPAR gained 12.7% to $325.71.

Same-Property Hotel EBITDA grew 29.3% to $60.2 million, and the margin widened 295 basis points to 22.9%. Philadelphia, New Orleans, San Diego, Santa Clara, Pittsburgh, Houston, Key West and Orlando led RevPAR growth.

Chairman and CEO Marcel Verbaas said results "significantly surpassed our expectations," citing group and corporate transient demand plus leisure demand from several large events.

Net loss narrows to $2.7 million from $13.7 million

The net loss attributable to common stockholders was $0.03 per diluted share, against $0.14 a year earlier. Year to date, Xenia reported a net loss of $2.3 million, compared with net income of $57.0 million in the same period of 2025. Nine-month Adjusted EBITDAre was $212.7 million, up 9.2%, and Adjusted FFO per diluted share was $1.61, up 22.9%.

In the second quarter, Xenia recorded a non-cash impairment charge of $38.8 million on the Kimpton RiverPlace Hotel. The board declared a third-quarter dividend of $0.14 per share.

Guidance midpoint rises $8 million for Adjusted EBITDAre and $0.09 for Adjusted FFO per share

Xenia estimates October Same-Property RevPAR rose about 8% from October 2025. Management cited that outperformance and confidence in demand for the rest of the year as the basis for the higher outlook.

Guidance assumes renovation disruption of about $1 million, unchanged. General and administrative expense is about $26 million excluding share-based compensation, up $1 million. Interest expense is about $78 million, unchanged. Income tax expense is about $1 million, down $1 million, and weighted-average diluted shares are 95.7 million. The outlook assumes no further acquisitions, dispositions, equity issuances or share and senior note repurchases.

Xenia sells 85-room Portland hotel for $11 million

In July, Xenia sold the Kimpton RiverPlace Hotel in Portland, Oregon, for about $129,400 per key. The price equated to a 19.4x multiple of trailing Hotel EBITDA and a 2.0% capitalization rate on Net Operating Income, both before significant near-term capital expenditures. Proceeds may go to debt repayment, acquisitions or share repurchases.

In February, Xenia paid off the $52 million mortgage loan on Hotel Beauden, Autograph Collection.

Liquidity totals $661 million with $1.4 billion of debt at 5.55%

As of September 30, Xenia held about $161 million of cash and full availability on its revolving credit line. It also held about $85 million of restricted cash and escrows. Xenia repurchased no shares in the quarter and retains $97.5 million of buyback capacity. It issued no shares under its ATM program, which has $200 million of availability.

Xenia invests $47.0 million in nine-month capital projects ahead of two December renovations

Capital spending totaled $16.4 million in the quarter. Xenia completed guest room and corridor renovations in the 68-room Monte Vista Building and the T. Cook's restaurant renovation at Royal Palms Resort & Spa. Mechanical and infrastructure upgrades at nine hotels are expected to finish in 2026.

Renovations at Andaz Napa, the first of two phases, and at The Ritz-Carlton, Denver, are on track to begin in early December.