Xenia Hotels & Resorts Reports First Quarter 2016 Net Loss of $8.9 million, Compared to a Loss of $14.9 million in the Year-Ago Quarter

Xenia Hotels & Resorts, Inc. | May 11, 2016

ORLANDO, Fla., May 11, 2016 -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended March 31, 2016. First Quarter 2016 Highlights Same-Property RevPAR: Same-Property RevPAR increased 0.9% from the first quarter of 2015 to $138.71, as occupancy declined 145 basis points and ADR increased 2.9%. Excluding Houston, Same-Property RevPAR increased 3.0% from the first quarter 2015, comprised of an increase in ADR of 3.6% and a decline in occupancy of 40 basis points. Same-Property Hotel EBITDA Margin: Same-Property Hotel EBITDA margin was 29.9%, a decrease...