Xenia Hotels & Resorts Q1 Earnings Call Highlights

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Sat, May 2, 2026 astatine 2:07 PM CDT 9 min read

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Key Points

Q1 outperformance: Xenia reported nett income of $19.8M and Adjusted EBITDA of $81.4M (≈+12% YoY), with Adjusted FFO/share of $0.63 (+23.5%); Same‑Property RevPAR roseate 7.4% (occupancy +180 bps, ADR +4.8%) and edifice EBITDA borderline expanded 270 bps to 29.7%.
Broad-based demand, March standout: Both radical and transient request strengthened—March RevPAR jumped 14.3% (occupancy +540 bps)—and respective hotels saw double‑digit gains, led by Grand Hyatt Scottsdale (+46.2%) arsenic it stabilizes aft renovation.
Financial posture and updated outlook: Xenia ended the 4th with ~$1.4B of indebtedness (≈75% fixed, W.A. complaint 5.5%), leverage ~4.8x and liquidity >$600M, raised full‑year RevPAR/EBITDAre guidance and lifted AFFO/share midpoint to $1.94 portion trimming expected special‑event (World Cup) upside.
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Xenia Hotels & Resorts (NYSE:XHR) reported first-quarter 2026 results that absorption said exceeded expectations crossed cardinal metrics, driven by spot successful some radical and transient demand—particularly successful March—along with continued momentum astatine the Grand Hyatt Scottsdale Resort pursuing a large renovation.

First-quarter results bushed expectations

Chair and CEO Marcel Verbaas said the institution delivered “strong archetypal 4th 2026 results that exceeded our expectations crossed each cardinal metrics.” Xenia posted nett income of $19.8 cardinal and Adjusted EBITDA of $81.4 million, which Verbaas said was up astir 12% year-over-year. Adjusted FFO per stock was $0.63, up 23.5% compared to the archetypal 4th of 2025.

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On a Same-Property basis, RevPAR roseate 7.4% year-over-year, supported by a 180-basis-point summation successful occupancy and 4.8% ADR growth. Same-Property full RevPAR accrued 7.2% to $370.13, reflecting what Verbaas described arsenic continued maturation successful non-room revenues. Same-Property nutrient and beverage gross roseate 6.2%, portion different revenues accrued astir 11%.

Same-Property edifice EBITDA accrued 17.9% to $87.8 million, and Same-Property edifice EBITDA borderline expanded 270 ground points to 29.7%, which Verbaas attributed to “significant maturation successful rooms revenues…combined with disciplined disbursal management.”

Demand trends: beardown radical and transient, March standout

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President and COO Barry Bloom said Same-Property RevPAR for the 30-hotel portfolio was $205.93, supported by 71.4% occupancy and ADR of $288.62. He highlighted March arsenic the strongest period of the quarter, with RevPAR rising 14.3% year-over-year arsenic occupancy accrued 540 ground points and ADR climbed 6.5%.

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