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Jun 30
Xenia Q2 2025 Earnings Report
Xenia Hotels & Resorts reported strong second quarter 2025 results, surpassing expectations with significant increases in revenues and Hotel EBITDA, driven by strong group business demand and successful renovations.
Key Takeaways
Xenia Hotels & Resorts delivered a robust second quarter in 2025, exceeding expectations with substantial growth across key financial and operational metrics. Net income attributable to common stockholders surged by 259.6% to $55.2 million, while Adjusted EBITDAre increased by 16.3% to $79.5 million. The company's Same-Property RevPAR rose by 4.0%, primarily due to strong performance at the Grand Hyatt Scottsdale Resort and significant increases in highly-profitable catering revenues.
Net income attributable to common stockholders increased by 259.6% to $55.2 million, or $0.56 per share, significantly outperforming the prior year.
Adjusted EBITDAre grew by 16.3% to $79.5 million, and Adjusted FFO per diluted share increased by 9.6% to $0.57.
Same-Property RevPAR improved by 4.0% to $195.51, driven by a 140 basis point increase in occupancy and a 2.0% rise in ADR.
The company repurchased 2,948,912 shares of common stock for approximately $35.7 million and sold the Fairmont Dallas for $111.0 million, utilizing proceeds for general corporate purposes.
Xenia
Xenia
Xenia Revenue by Segment
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CapyFin.comFood & Beverage Revenue
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CapyFin.com Forward Guidance
Xenia Hotels & Resorts has increased its full-year 2025 guidance for Adjusted EBITDAre and Adjusted FFO, reflecting strong second-quarter performance and a consistent outlook for the second half of the year. The company anticipates continued strength in group business, particularly in the fourth quarter, while corporate transient demand is expected to recover slowly and leisure demand to normalize.
Positive Outlook
- Increased full-year guidance for Adjusted EBITDAre to a range of $249 million to $263 million.
- Increased full-year guidance for Adjusted FFO to a range of $166 million to $180 million.
- Adjusted FFO per diluted share guidance raised to $1.66 to $1.80.
- Same-Property (30 Hotel) RevPAR change projected to be between 3.50% and 5.50% compared to 2024.
- Group business is expected to remain a bright spot, with particular strength anticipated in the fourth quarter.
Challenges Ahead
- Limited visibility in forecasting due to macroeconomic uncertainty.
- Guidance assumes no additional acquisitions, dispositions, equity issuances, or share/senior note repurchases.
- Corporate transient demand is recovering slowly.
- Leisure demand is continuing to normalize.
- General and administrative expense is expected to increase by $1 million from prior guidance to approximately $24 million.