Every material Form 8-K Xenia Hotels & Resorts filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Xenia Hotels & Resorts' subsidiary XHR LP issued $400 million of 6.625% senior notes maturing May 15, 2030, in a private offering. The company used the proceeds, together with cash on hand, to redeem in full its outstanding 6.375% senior notes due 2025. The filing describes a refinancing of existing debt, with no change to the company's reported results.
Notes: $400 million principal, 6.625% annual interest, maturing May 15, 2030
Interest payable semi-annually on May 15 and November 15, starting May 15, 2025
Proceeds plus cash on hand used to redeem in full the 6.375% senior notes due 2025 and pay fees
Company guarantees the notes; the Indenture requires unencumbered assets of at least 150% of unsecured debt
Xenia Hotels & Resorts reported a third-quarter net loss of $7.1 million, or $0.07 per share, narrowed from $8.5 million a year earlier, while total revenues rose to $236.8 million from $232.0 million. Adjusted EBITDAre fell 4.4% to $44.3 million, and the company lowered its full-year 2024 outlook for net income, Adjusted EBITDAre and Adjusted FFO per diluted share, citing renovation disruption, hurricanes and softer leisure demand.
Q3 2024 Adjusted EBITDAre was $44.3 million, down 4.4%; Adjusted FFO per diluted share was $0.25, down 3.8%
Full-year 2024 Adjusted EBITDAre guidance is $234 million to $242 million, a reduction of $9 million to $13 million from prior guidance
Full-year 2024 Adjusted FFO per diluted share guidance is $1.54 to $1.62, down $0.08 to $0.12 from prior guidance
Hurricanes are estimated to reduce Hotel EBITDA by approximately $2 million over the third and fourth quarters
Xenia Hotels & Resorts reported second quarter 2024 net income attributable to common stockholders of $15.3 million, up 11.2% from a year earlier, while Adjusted EBITDAre fell 8.4% to $68.4 million. The company moderately lowered the midpoint of its full-year 2024 Adjusted EBITDAre guidance, citing softer leisure demand and continued expense pressure, which matters to shareholders because it signals lower expected earnings for the year.
Q2 2024 Adjusted EBITDAre was $68.4 million, down 8.4% from Q2 2023; net income attributable to common stockholders was $15.3 million, or $0.15 per share, up 11.2%
Full-year 2024 Adjusted EBITDAre guidance is $243 million to $255 million, a variance of $3 million lower at the low end and $7 million lower at the high end versus prior guidance
Same-Property RevPAR rose 1.8% to $185.69 in Q2 2024; excluding Hyatt Regency Scottsdale, RevPAR rose 5.0%
Company sold the 107-room Lorien Hotel & Spa for $30 million and declared a $0.12 per share quarterly dividend, with a record date of June 28, 2024
Xenia Hotels & Resorts reported first-quarter 2024 net income attributable to common stockholders of $8.5 million, or $0.08 per share, up from $6.3 million, or $0.06 per share, a year earlier. Adjusted EBITDAre fell 8.5% to $65.3 million, and the company said the renovation of Hyatt Regency Scottsdale weighed on results. The company kept the midpoint of its 2024 Adjusted EBITDAre guidance range, which narrows the range by moving the low end up $2 million and the high end down $2 million.
Net income attributable to common stockholders was $8.5 million, or $0.08 per share, versus $6.3 million, or $0.06 per share, in the first quarter of 2023.
Adjusted EBITDAre was $65.3 million, down 8.5%; Adjusted FFO per diluted share was $0.44, up from $0.40.
Same-Property RevPAR was $176.86, down 1.5%; excluding Hyatt Regency Scottsdale, RevPAR rose 3.7%.
2024 Adjusted EBITDAre guidance is $246 million to $262 million; the company maintained the midpoint and said it expects the Scottsdale renovation to be completed by year-end 2024.
Xenia Hotels & Resorts reported fourth quarter 2023 net income attributable to common stockholders of $7.6 million, or $0.07 per share, down 78.4% from a year earlier, while Adjusted EBITDAre fell 8.0% to $59.4 million and Adjusted FFO per diluted share was flat at $0.41. The company also raised its quarterly dividend 20% to $0.12 per share and issued 2024 guidance, including net income of $15 million to $35 million and Adjusted FFO per diluted share of $1.59 to $1.78.
Q4 2023 net income was $7.6 million, or $0.07 per share, versus $35.3 million, or $0.31 per share, in Q4 2022
Adjusted EBITDAre was $59.4 million, down 8.0%; Same-Property RevPAR was $157.69, down 3.4%
Excluding Hyatt Regency Scottsdale, Same-Property RevPAR rose 1.2% in the quarter
Quarterly dividend raised 20% to $0.12 per share, payable April 15, 2024 to holders of record March 28, 2024
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Xenia Hotels & Resorts filing is on SEC EDGAR ↗. 8-K briefs of other companies →