Xenia Hotels & Resorts cuts 2023 outlook; Q3 adjusted EBITDAre down 13.9%
Xenia Hotels & Resorts reported a third-quarter 2023 net loss attributable to common stockholders of $8.5 million, or $0.08 per share, compared with a $1.7 million loss, or $0.01 per share, a year earlier. The company lowered its high-end full-year 2023 guidance, citing moderately reduced expectations for the fourth quarter, which matters to shareholders because it signals weaker near-term earnings tied to renovation disruption and moderating leisure demand.
Key points
- Q3 2023 Adjusted EBITDAre was $46.3 million, down 13.9% from the third quarter of 2022; same-property RevPAR rose 0.4% to $158.48.
- Full-year 2023 Adjusted EBITDAre guidance is $246 million to $254 million; the high end was cut by $10 million and the low end was raised by $2 million.
- Full-year 2023 Adjusted FFO per diluted share guidance is $1.48 to $1.55; the high end was cut by $0.05.
- Preliminary October 2023 same-property RevPAR was approximately $191, 2.3% below October 2022.
The filing
Written by AI on Nov 8, 2026, 1:54 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 31, 2023.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.