Earnings ·
Xenia Hotels & Resorts reported a net loss of $19.3 million for the quarter ended June 30, 2026, compared to net…
XHRXenia Hotels & Resorts, Inc.
Xenia Hotels & Resorts reported a net loss of $19.3 million for the quarter ended June 30, 2026, compared to net income of $55.2 million in the prior year period. The decline was driven by a $38.8 million non-cash impairment charge related to the Kimpton RiverPlace Hotel, which was sold post-quarter for $11 million. Despite the loss, Adjusted EBITDAre decreased only 1.8% to $78.1 million, and Same-Property RevPAR increased 5.6%. The company raised its full-year 2026 Adjusted EBITDAre guidance midpoint by $7 million to $279 million. Additionally, Xenia declared a quarterly dividend of $0.14 per share for stockholders of record on June 30, 2026. The company operates in the hospitality industry, owning and managing luxury and upper upscale hotels and resorts.