secwatch.observer — SEC 8-K summary
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Issuer:     Xenia Hotels & Resorts, Inc. (XHR)
CIK:        0001616000
Form:       8-K
Filed at:   2021-12-03T23:59:59+00:00
Accession:  0001616000-21-000140
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616000/000161600021000140/0001616000-21-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616000/000161600021000140/xhr-20211203.htm
  HTML page:      https://secwatch.observer/filing/0001616000-21-000140

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer