Xenia Hotels updates on Chicago hotel sale for $36M, liquidity over $1B, RevPAR trend

Xenia Hotels & Resorts, Inc.

Pending sale of Kimpton Hotel Monaco Chicago for $36M ($188,500/key); expected close by Q1 2022; $15M book impairment.
Sold Marriott Charleston Town Center for $5M plus retained $5.6M in FF&E reserves; exit from non-core market.
Liquidity over $1B as of Nov 30: ~$500M cash + full revolver availability; $17M tax refund delayed to 2022.
November Same-Property RevPAR $139.41 (-15.5% vs 2019); occupancy 58.6% (down 1539 bps); ADR $238 (+6.7%).
Q3 2021 Same-Property RevPAR $126.39 (-22.9% vs 2019); sequential improvement from Q2's -38.6%.

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