Q3 2025 Xenia Hotels & Resorts Inc Earnings Call Transcript
Key Points
- Xenia Hotels & Resorts Inc (XHR) experienced strong Group demand, which is expected to remain robust into 2026, supported by significant group room revenues already on the books.
- The Grand Hyatt Scottsdale Resort showed significant year-over-year growth, contributing positively to the portfolio's performance.
- Same-property total RevPAR increased by 3.7% in the third quarter, driven by strong food and beverage revenues.
- The company has a strong balance sheet with a leverage ratio of approximately 5 times trailing 12-month net debt to EBITDA and no preferred equity or senior capital.
- Xenia Hotels & Resorts Inc (XHR) has a healthy liquidity position with $688 million in total liquidity, including $188 million in available cash and an undrawn $500 million revolver.
- Xenia Hotels & Resorts Inc (XHR) reported a net loss of $13.7 million for the third quarter of 2025.
- Same-property RevPAR was flat compared to the same period in 2024, with a decrease in occupancy offset by a slight increase in average daily rate.
- The Houston market was a drag on portfolio performance due to tough comparisons from the previous year's hurricane-related demand.
- Hotel EBITDA margin decreased by 60 basis points in the third quarter, reflecting challenges in maintaining profitability.
- The company slightly reduced its expectations for the fourth quarter, reflecting a cautious near-term outlook.
Hello, and welcome, everyone, to the Xenia Hotels & Resorts Q3 2025 earnings conference call. My name is Becky, and I'll be your operator today. (Operator Instructions) I will now hand over to your host, Aldo Martinez, Manager of Finance, to begin. Please go ahead.
Thank you, Becky, and welcome to Xenia Hotels & Resorts third-quarter 2025 earnings call and webcast. I'm here with Marcel Verbaas, our Chair and Chief Executive Officer; Barry Bloom, our President and Chief Operating Officer; and Atish Shah, our Executive Vice President and Chief Financial Officer.
Marcel will begin with a discussion on our performance, Barry will follow with more details on operating trends and capital expenditure projects, and Atish will conclude today's remarks on our balance sheet and outlook. We will then open the call for Q&A.
Before we get started, let me remind everyone that certain statements made on this call are not historical facts and are considered forward-looking
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