M&A
confidence high
sentiment neutral
materiality 0.85
Xenia Hotels & Resorts agrees to acquire W Nashville for $328.7M; reports Q4 net loss of $22.9M
Xenia Hotels & Resorts, Inc.
- Net loss of $22.9M ($0.20/share) in Q4; Same-Property RevPAR $136.01, down 17.5% vs Q4 2019.
- Full-year 2021 net loss $143.5M; Adjusted EBITDAre $108.1M; RevPAR down 36.3% vs 2019.
- Agreed to acquire W Nashville for $328.7M (~$950k/key); expected close by Q1 2022.
- Expects W Nashville to generate $25-30M Hotel EBITDA upon stabilization.
- Also sold two hotels: Marriott Charleston ($5M) and Kimpton Monaco Chicago ($36M).