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Xenia Hotels and Resorts (XHR) Q2 2021 Earnings Call Transcript


Operator
Good day, and welcome to the Xenia Hotels & Resorts second-quarter 2021 earnings conference call. [Operator instructions] Please note, this event is being recorded. I would now like to turn the conference over to Danielle Burgoon, vice president of finance. Please go ahead.
Danielle Burgoon
Vice President of Finance
Thank you, Andrew. Good afternoon, and welcome to Xenia Hotels & Resorts second-quarter 2021 earnings call and webcast. I m here with Marcel Verbaas, our chairman and chief executive officer; Barry Bloom, our president and chief operating officer; and Atish Shah, our executive vice president and chief financial officer. Marcel will begin with a discussion of our quarterly performance, industry fundamentals, and the positioning of our portfolio. ....

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Xenia Hotels & Resorts Reports First Quarter 2021 Results


Xenia Hotels & Resorts Reports First Quarter 2021 Results
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ORLANDO, Fla., May 6, 2021 /PRNewswire/ Xenia Hotels & Resorts, Inc. (NYSE: XHR) ( Xenia or the Company ) today announced results for the quarter ended March 31, 2021.
First Quarter 2021 Highlights
Adjusted EBITDAre: Adjusted EBITDAre was $(3.6) million.
Adjusted FFO per Diluted Share: Adjusted FFO per diluted share was $(0.18).
Same-Property RevPAR: The Company had its entire Same-Property portfolio (34 properties) open and operating during the first quarter. These properties achieved RevPAR of $65.70, as a result of occupancy of 34.8% and an ADR of $188.68.
Same-Property Hotel EBITDA: Same-Property Hotel EBITDA was $95 thousand.
Same-Property Hotel EBITDA Margin: Same-Property Hotel EBITDA Margin was 0.1%. ....

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