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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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Summit Hotel Properties Reports First Quarter 2021 Results


Summit Hotel Properties Reports First Quarter 2021 Results
Portfolio Demand and RevPAR Accelerate to New Highs Since Onset of Pandemic
Six-Hotel Portfolio Contribution to GIC Joint Venture Completed for $172 Million
Current Liquidity Bolstered to Nearly $450 Million
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AUSTIN, Texas, May 4, 2021 /PRNewswire/  Summit Hotel Properties, Inc. (NYSE: INN) (the Company ), today announced results for the first quarter ended March 31, 2021.
Hotel demand, particularly leisure demand, improved significantly during the latter part of the first quarter driving March RevPAR to a new high of more than $65 since the onset of the pandemic, which exceeded February s previous high by nearly 30%, said Jonathan P. Stanner, the Company s President and Chief Executive Officer. We also completed the contribution of six hotels to our existing joint venture with GIC for $172 million subsequent to quarter end which ge ....

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Summit Hotel Properties Reports Fourth Quarter And Full Year 2020 Results


Summit Hotel Properties Reports Fourth Quarter And Full Year 2020 Results
Credit Facility Covenant Waivers Extended Through March 31, 2022; Over $400 Million of Current Liquidity
Portfolio Achieves Second Consecutive Quarter of Hotel Profitability
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AUSTIN, Texas, Feb. 23, 2021 /PRNewswire/ Summit Hotel Properties, Inc. (NYSE: INN) (the Company ), today announced results for the fourth quarter and full year ended December 31, 2020.
Hotel demand remained stable during the fourth quarter and combined with strong market share gains across our portfolio and the efficient operating model of our business, led to hotel-level profitability for the second consecutive quarter and positive Adjusted EBITDAre for the full year, said Jonathan P. Stanner, the Company s President and Chief Executive Officer.  While 2020 was an extremely challenging year for our business, we took meaningful action in response w ....

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