Xenia Hotels & Resorts, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 31, 2023 at 04:30 pm EDT
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Xenia Hotels & Resorts, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 138.67 million compared to USD 142.6 million a year ago. Revenue was USD 232.02 million compared to USD 240.67 million a year ago. Net loss was USD 8.53 million compared to USD 1.66 million a year ago. Basic loss per share from continuing operations was USD 0.08. Diluted loss per share from continuing operations was USD 0.08.
For the nine months, sales was USD 450.26 million compared to USD 431.38 million a year ago. Revenue was USD 772.06 million compared to USD 734.47 million a year ago. Net income was USD 11.54 million compared to USD 20.66 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to USD 0.18 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to USD 0.18 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.
XENIA HOTELS & RESORTS, INC. 
