Xenia Hotels & Resorts (XHR) investor relations material

Executive summary

• Portfolio consisted of 30 hotels with 8,868 rooms as of June 30, 2026, focused on luxury and upper upscale segments in top U.S. markets.

• Q2 2026 delivered solid results, with RevPAR up 5.6% to $206.54, ADR up 5.7% to $285.71, and occupancy flat at 72.3%.

• Net loss of $19.3 million to $20.7 million for Q2 2026, primarily due to a $38.8 million non-cash impairment charge from the sale of Kimpton RiverPlace Hotel and absence of prior year gains.

• Adjusted EBITDAre for Q2 2026 was $78.1 million, down 1.8% year-over-year, while Adjusted FFO per share increased 7% to $0.61.

• Portfolio saw broad-based RevPAR growth, with Philadelphia, Salt Lake City, Phoenix, and Birmingham leading.

Financial highlights

• Q2 2026 total revenues were $295.5 million, up 2.8% year-over-year.

• Same property Hotel EBITDA margin was 28.7%, down 65 bps year-over-year, mainly due to lapping a $1.5 million tax refund and higher F&B repositioning expenses.

• Same property hotel EBITDA for Q2 2026 was $84.9 million, up 1% year-over-year.

• Operating expenses rose 4.2%, outpacing revenue growth, with energy expenses up nearly 11%.

• Declared a Q2 dividend of $0.14 per share, annualized yield of 2.5%.

Outlook and guidance

• Raised full-year 2026 Adjusted EBITDAre guidance by $7 million to $273 million at the midpoint.

• Adjusted FFO per diluted share guidance increased to $2.02, reflecting 15% growth over 2025.

• Same-property RevPAR growth expected between 4.75% and 6.25% year-over-year.

• Capital expenditures for 2026 projected at $70–$80 million.

• July RevPAR growth estimated at 10% year-over-year, with group room revenue pace for the second half up 12% at end of June.