Xenia Hotels & Resorts Reports Q2 2026 Earnings and Strategic Updates
Xenia Hotels & Resorts reported second-quarter RevPAR growth of 5.6%, driven by an increase in average daily rate (ADR), with occupancy remaining flat year-over-year. Management attributed the modest Total RevPAR growth to a shift in business mix, particularly due to FIFA World Cup-related room block releases reducing out-of-room spend. The company saw strong performance from its Philadelphia and Salt Lake City properties, while the Grand Hyatt Scottsdale showed progress toward stabilization. Margin compression of 65 basis points was primarily due to lapping a $1.5 million real estate tax refund in 2025 and startup costs for new food and beverage outlets at W Nashville. The company sold its Kimpton RiverPlace Hotel for $11 million as part of a strategic exit from underperforming markets. Xenia raised full-year adjusted EBITDAre guidance by $7 million, citing strong group room revenue pace in the second half and an estimated 10% July RevPAR growth. The company plans to rebrand four Autograph Collection hotels with Davidson Hotel Group management and remains focused on capital efficiency while exploring acquisition opportunities.
Topics: asset sales EBITDA guidance hotel industry RevPAR growth