secwatch.observer — SEC 8-K summary
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Issuer:     Xenia Hotels & Resorts, Inc. (XHR)
CIK:        0001616000
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001616000-24-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xenia Hotels Q4 net income down 78% to $7.6M; raises dividend 20% to $0.12
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- Net income Q4 $7.6M ($0.07/sh), down 78.4% YoY; Adjusted FFO $0.41/sh flat.
- Same-Property RevPAR Q4 $157.69 (-3.4%); ex-Scottsdale renovation, +1.2%.
- Full year 2023: net income $19.1M ($0.17/sh); Adjusted EBITDAre $251.7M (-2.0%).
- Increased Q1 2024 dividend 20% to $0.12/sh (~3.7% annual yield); repurchased $132.7M shares in 2023.
- Entered new $675M credit facility in Q1 2023; Hyatt Scottsdale ongoing renovation to Grand Hyatt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616000/000161600024000020/0001616000-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616000/000161600024000020/xhr-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001616000-24-000020

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