Xenia Hotels & Resorts Reports Third Quarter 2026 Results
Xenia Hotels & Resorts reported Q3 2026 results that significantly surpassed expectations, with Adjusted EBITDAre of $53.2 million (+26.0% YoY) and Adjusted FFO per diluted share of $0.36 (+56.5% YoY). Same-Property RevPAR rose 12.5% to $184.75 on occupancy gains of 380 basis points and ADR growth of 6.4%, driving Same-Property Hotel EBITDA up 29.3% with 295 bps of margin expansion. Management estimated October Same-Property RevPAR up approximately 8% and raised full-year 2026 guidance meaningfully ($8M to EBITDAre midpoint, $0.09 to AFFO/share).
Key figures
- Revenue
- $263.8 million
- Guidance
- FY2026 Adjusted EBITDAre raised to $278M-$284M (midpoint +$8M); Adjusted FFO to $199M-$205M; Adjusted FFO per diluted share to $2.08-$2.14 (midpoint +$0.09); Same-Property RevPAR change 7.75%-8.25%
- Revenue Yoy
- 11.6%
- Total debt
- approximately $1.4 billion (5.55% weighted-average rate)
- Total liquidity
- approximately $661 million
- Adjusted ebitdare
- $53.2 million (Q3, +26.0% YoY)
- Impairment charge
- $38.8 million (Kimpton RiverPlace, Q2 2026)
- Same property adr
- $264.00 (+6.4% YoY)
- Ytd total revenue
- $854.7 million (9M 2026 vs $812.9M)
- Same property revpar
- $184.75 (Q3, +12.5% YoY)
- Adjusted ffo per share
- $0.36 (Q3, +56.5% YoY)
- Kimpton riverplace sale
- $11 million (85-room, ~$129,400 per key, 2.0% cap rate, 19.4x EBITDA multiple)
- Same property occupancy
- 70.0% (+380 bps YoY)
- Same property hotel ebitda
- $60.2 million (Q3, +29.3% YoY)
AI analysis
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