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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 Second Quarter 2021 Results

Xenia Hotels & Resorts Reports Second Quarter 2021 Results
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Xenia Hotels & Resorts Provides Business Update

Xenia Hotels & Resorts Provides Business Update
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ORLANDO, Fla., June 3, 2021 /PRNewswire/ Xenia Hotels & Resorts, Inc. (NYSE: XHR) ( Xenia or the Company ) today provided an update on its operations and balance sheet.
Operations Update
Hotel Status: All 35 of the Company s hotels and resorts are open and operating, as Hyatt Regency Portland at the Oregon Convention Center recommenced operations on May 24, 2021.
Recent Performance: Preliminary approximate results for May 2021 for the Company s Same-Property 34-hotel portfolio were as follows: 50% occupancy, $216 average daily rate, $108 RevPAR. April 2021 Same-Property portfolio results were as follows: 48.9% occupancy, $216.04 average daily rate, $105.67 RevPAR. ....

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Hyatt Regency at the Oregon Convention Center to re-open May 24

Hyatt Regency at the Oregon Convention Center to re-open May 24 despite bleak outlook for convention industry
The luxury hotel hasn’t come close to living up to expectations because of the pandemic, forcing Metro to tap into reserves to pay off $60 million in revenue bonds.
Author: Kyle Iboshi (KGW)
Updated: 12:17 PM PDT May 13, 2021
PORTLAND, Ore. The Hyatt Regency Portland at the Oregon Convention Center plans to re-open on May 24 after shutting down operations for more than a year.
The sleek 600-room hotel, which took years of planning and millions in public funding, opened in December 2019 only to suspend operations four months later due to the COVID-19 pandemic. ....

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Xenia Hotels and Resorts (XHR) Q1 2021 Earnings Call Transcript

Operator
Good day, and welcome to the Xenia Hotels & Resorts first-quarter 2021 results conference call. [Operator instructions] Please note, this event is being recorded. I would now like to turn the conference over to Cameron Frosch, senior analyst, finance. Please go ahead.
Cameron Frosch
Senior Analyst, Finance
Thank you, Andrew. Good afternoon, and welcome to Xenia Hotels & Resorts first-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. ....

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