Xenia Hotels & Resorts, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 27, 2024 at 06:30 am EST
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Xenia Hotels & Resorts, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 138.02 million compared to USD 144.9 million a year ago. Revenue was USD 253.38 million compared to USD 263.14 million a year ago. Net income was USD 7.6 million compared to USD 35.26 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to USD 0.31 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to USD 0.31 a year ago.
For the full year, sales was USD 588.28 million compared to USD 576.28 million a year ago. Revenue was USD 1,025.44 million compared to USD 997.61 million a year ago. Net income was USD 19.14 million compared to USD 55.92 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.49 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.49 a year ago.
Xenia Hotels & Resorts, Inc. is a self-advised and self-administered real estate investment trust (REIT) that invests in luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as leisure destinations in the United States. The Company owns approximately 32 hotels and resorts comprising 9,514 rooms across 14 states. The Company's hotels are in the luxury and upper upscale segments, and are operated and/or licensed by Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, The Kessler Collection, and Davidson. Its hotels include Andaz Napa; Andaz San Diego; Andaz Savannah; Bohemian Hotel Savannah Riverfront, Autograph Collection; Fairmont Dallas; Fairmont Pittsburgh; Grand Bohemian Hotel Charleston, Autograph Collection; Grand Bohemian Hotel Mountain Brook, Autograph Collection; Grand Bohemian Hotel Orlando, Autograph Collection; Hyatt Centric Key West Resort & Spa; Hyatt Regency Grand Cypress, and Hyatt Regency Portland at the Oregon Convention Center.