Q1 2026 Xenia Hotels & Resorts Inc Earnings Call Transcript
Key Points
- Xenia Hotels & Resorts Inc (XHR) reported strong first quarter 2026 results, exceeding expectations across all key metrics.
- Net income for Q1 2026 was $19.8 million, with adjusted EBITDA of $81.4 million, marking a nearly 12% increase from the previous year.
- Same-property RevPAR grew by 7.4%, with occupancy increasing by 180 basis points and average daily rate rising by 4.8% compared to Q1 2025.
- The Grand Hyatt Scottsdale Resort showed significant improvement, contributing to record revenues and hotel EBITDA for the quarter.
- Xenia Hotels & Resorts Inc (XHR) raised its full-year 2026 adjusted EBITDAre guidance by $6 million to $266 million at the midpoint, reflecting confidence in continued strong performance.
- Some properties experienced weaker performance due to one-time events last year, such as the Super Bowl in New Orleans and the presidential inauguration in Washington, DC.
- W Nashville faced disruptions due to weather events and ongoing capital projects, impacting its performance for the quarter.
- The anticipated boost from special events like the FIFA World Cup was revised down, with expectations for RevPAR growth from these events reduced to 25-50 basis points.
- Energy expenses grew over 9% due to significant winter storms, increasing costs, especially for gas.
- Despite strong performance, there remains significant market and geopolitical uncertainty, which could impact future results.
Good afternoon, everyone and thank you for joining the Xenia Hotels & Resorts, Inc. Q1 2026 earnings conference call. My name is Regan, and I'll be your moderator today. (Operator Instructions)
I would now like to pass the conference over to our host, Aldo Martinez, Director of Finance. Please proceed.
Thank you, Regan, and welcome to Xenia Hotels & Resorts first quarter 2026 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 up the call for Q&A.
Before we get started, let me remind everyone that certain statements made on this call are not historical facts
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
