Xenia Hotels & Resorts, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 02, 2023 at 04:00 pm IST
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Xenia Hotels & Resorts, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 157.94 million compared to USD 165.58 million a year ago. Revenue was USD 271.07 million compared to USD 283.45 million a year ago. Net income was USD 13.79 million compared to USD 27.65 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.24 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 0.24 a year ago.
For the six months, sales was USD 311.59 million compared to USD 288.78 million a year ago. Revenue was USD 540.04 million compared to USD 493.8 million a year ago. Net income was USD 20.07 million compared to USD 22.32 million a year ago. Basic earnings per share from continuing operations was USD 0.18 compared to USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 0.18 compared to USD 0.19 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. 
