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Mar 31, 2022
Xenia Q1 2022 Earnings Report
Reported first quarter results with improved demand for high-quality hotels and resorts.
Key Takeaways
Xenia Hotels & Resorts reported a net loss of $5.3 million for the first quarter of 2022, but experienced strong growth in average daily rate and RevPAR compared to the first quarter of 2021. March results substantially exceeded expectations, with Same-Property occupancy approaching 70%.
Net loss attributable to common stockholders was $5.3 million, or $0.05 per share.
Adjusted EBITDAre was $49.9 million.
Same-Property RevPAR increased 119.6% compared to the first quarter of 2021, but decreased 19.5% versus the first quarter of 2019.
The Company acquired the 346-room W Nashville for $328.7 million in March.
Forward Guidance
The Company does not expect to issue earnings guidance until it has more certainty on trends within the industry. The Company is providing the following guidance for full year 2022 on certain items:
Historical Earnings Impact
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Avg. Return Before/After Earnings
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