Xenia Hotels & Resorts Announces Departure of Chief Investment Officer

Xenia Hotels & Resorts, Inc. | April 22, 2020

ORLANDO, Fla., April 22, 2020 - Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced that, due to the severe downturn in lodging demand resulting from the COVID-19 pandemic, the Company has further streamlined its operations and reduced its ongoing corporate expenses by eliminating the role of Chief Investment Officer.  As a result, Philip A. Wade, who served as the Company's Senior Vice President and Chief Investment Officer, has left the Company.  With this change, the Company's corporate office headcount has been reduced by over 20% since the Company's operations have been impacted by the COVID-19 pan...