xenia hotels and resorts
Xenia Hotels and Resorts Completes Renovation of Kimpton Lorien Hotel & Spa in Old Town Alexandria, Virginia
Kimpton Hotels & Restaurants | April 25, 2018
ALEXANDRIA, Va. (April 25, 2018) - Kimpton Lorien Hotel & Spa in Old Town Alexandria, Virginia has completed a $2.51 million redesign to the hotel's 107 guest rooms including 16 suites, signature outdoor terraces, hallway corridors, public areas, adjacent French brasserie BRABO, and 5,600 square feet of meeting, wedding, and event space. Situated along a charming brick-lined street amidst an array of boutiques and fine art galleries, Kimpton Lorien Hotel & Spa brings a sense of tranquility to all who enter. With its dedicated award-winning spa, newly refinished modern and elegant interior design, two culinary venues helmed by Ex...
Xenia Hotels and Resorts Completes Renovation of 151-Room Andaz Savannah
Andaz Savannah | April 20, 2018
SAVANNAH, Ga. (April 20, 2018) – Andaz Savannah, located in the heart of Savannah's historic district and one of the city's most stylish retreats, announces the completion of an extensive transformation of its 151 guestrooms and suites. With a design philosophy focused on weaving the sights and sounds of Savannah, also known as the "Hostess City of the South," the city's Southern charm was the inspiration behind Andaz Savannah's renovations. Nods to the magic of Savannah's charming squares, its romantic Spanish moss, and historic architecture are now showcased throughout the luxury boutique hotel's spacious, residential-style acco...
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...
Xenia Hotels & Resorts Reports Q3 2015 Net Income of $18.1 million Compared to $9.5 million in 2014
Xenia Hotels & Resorts, Inc. | November 12, 2015
Third Quarter 2015 Highlights Same-Property RevPAR: Same-Property RevPAR, as adjusted by our operators for USALI, increased 4.6% from the third quarter of 2014 to $147.81, as occupancy remained essentially flat and ADR increased 4.6%. Same-Property Hotel EBITDA Margin: Same-Property Hotel EBITDA margin was 31.8%, an increase of 60 basis points from the same period in 2014. Adjusted EBITDA: Adjusted EBITDA grew $15.2 million to $74.9 million, an increase of 25.5% over the third quarter of 2014. Adjusted FFO: Adjusted FFO available to common stockholders increased to $0.57 per diluted share compared to $0.39 per diluted share for the...
Xenia Hotels & Resorts Sells 656-Room Hyatt Regency Orange County for $137 Million
Xenia Hotels & Resorts, Inc. | October 28, 2015
ORLANDO, Fla., Oct. 28, 2015 -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced that it has sold the 656-room Hyatt Regency Orange County in Garden Grove, California for a price of $137 million. The sale price represents an 11.8x multiple on the hotel's 2015 forecast EBITDA and a 7.1% capitalization rate on 2015 forecast NOI. In addition to the purchase price, the Company retained the approximately $5.9 million balance in the hotel's capital expenditure reserve account. "We are pleased to have completed the sale of the Hyatt Regency Orange County," said Marcel...
Xenia Hotels & Resorts to Acquire the Hotel Commonwealth in Boston, Massachusetts for $136 Million
Xenia Hotels & Resorts, Inc. | August 11, 2015
ORLANDO, Fla., Aug. 11, 2015 -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced that it has agreed to acquire the Hotel Commonwealth in Boston, Massachusetts for a purchase price of $136 million. The luxury independent, boutique lifestyle hotel is located in the Kenmore Square neighborhood of Boston in close proximity to Fenway Park and Boston University and, upon completion of its current expansion project, will boast 245 of the largest and most appealing rooms in the city of Boston. The hotel is currently undergoing a significant expansion including the construction of a new six-story wing featu...
Xenia Hotels & Resorts Acquires 3 Lifestyle Boutique Hotels for a Purchase Price of $245 million
Xenia Hotels & Resorts, Inc. | July 29, 2015
ORLANDO, Fla., July 29, 2015 -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced that it has acquired the fee simple interests in three high-quality lifestyle boutique hotels for a combined purchase price of $245 million. The 84-room RiverPlace Hotel is located in downtown Portland, Oregon in a scenic riverfront location, directly adjacent to the popular Tom McCall Waterfront Park. The 97-room Canary Hotel is located in a prime location in downtown Santa Barbara, California. The 230-room Hotel Palomar is located within the heart of downtown Philadelphia's Center City District near Rittenhouse Squar...
Inland American Completes Spin-off of Xenia Hotels & Resorts, Inc.
Inland American Real Estate Trust, Inc. | February 4, 2015
OAK BROOK, Ill.-- Inland American Real Estate Trust, Inc. ("Inland American") today announced that it has successfully completed the previously announced spin-off of Xenia Hotels & Resorts, Inc. ("Xenia") through the pro rata taxable distribution of 95% of the shares of Xenia common stock to Inland American's stockholders. Immediately following the distribution, Inland American will continue to own approximately 5% of the outstanding shares of Xenia. Beginning today, Xenia's common stock will commence trading on the New York Stock Exchange under the symbol "XHR." The separation of the two companies marks a significant step in the ex...
