earnings
confidence high
sentiment positive
materiality 0.75
Xenia Hotels Q1 net loss $5.3M (-$0.05/sh); Adj FFO $0.25; RevPAR -19.5% vs 2019; acquires W Nashville
Xenia Hotels & Resorts, Inc.
2022-Q1 EPS reported
-$0.05
revenue$210,347,000
- Net loss $5.3M, or -$0.05 per share; Adjusted EBITDAre $49.9M; Adjusted FFO $0.25/diluted share.
- Same-Property RevPAR $149.60 (up 119.6% YoY, down 19.5% vs Q1 2019); ADR $258.12 (+34.4% YoY, +7.3% vs 2019); Occupancy 58.0%.
- Acquired 346-room W Nashville for $328.7M in March; sold 191-room Kimpton Hotel Monaco Chicago for $36M in January.
- Paid off $65M mortgage on The Ritz-Carlton, Pentagon City in January.
- April preliminary: Same-Property occupancy ~72%, ADR ~$280, RevPAR ~$202, first month above April 2019 RevPAR.