Xenia Hotels (XHR) Misses Q2 EPS by 1c, Offers FY15 Outlook

Xenia Hotels (NYSE: XHR) reported Q2 EPS of $0.21, $0.01 worse than the analyst estimate of $0.22. FFO was $0.57 vs $0.50 last year.

2015 Outlook and Guidance

The Company has updated its outlook for 2015, incorporating the recent acquisitions of the RiverPlace Hotel, the Canary Hotel and the Hotel Palomar which are expected to generate EBITDA of $7 million to $8 million for the remainder of 2015. Additionally the Company's outlook for 2015 is based on the current economic environment, incorporates all expected renovation disruption, assumes no further acquisitions or dispositions, includes the completion of its two development properties, and takes into consideration its second quarter performance.

The Company's 2015 capital expenditure range includes its renovation projects, but excludes earthquake damage remediation at the Napa hotels. The Company's financial expectations for 2015 are as follows:

For earnings history and earnings-related data on Xenia Hotels (XHR) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Boost Run, Inc. (BRUN) Reports Q2 Revenue of $31.1M
• CaliberCos Inc (CWD) Misses Q2 EPS by 43c; Offers Guidance