Xenia Hotels (XHR) Reports In-Line Q1 EPS
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Xenia Hotels & Resorts Reports First Quarter 2016 Results
May 11, 2016 6:30 AM EDTORLANDO, Fla., May 11, 2016 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended March 31, 2016.Â
First Quarter 2016 Highlights
Same-Property RevPAR: Same-Property RevPAR increased 0.9% from the first quarter of 2015 to $138.71, as occupancy declined 145 basis points and ADR increased 2.9%. Excluding Houston, Same-Property RevPAR increased 3.0% from the first quarter 2015, comprised of an increase in ADR of 3.6% and a decline in occupancy of 40 basis points. Same-Property Hotel EBITDA Margin: Same-Property Hotel EBITDA margin was 29.9%, a decrease of 71 basis points from... More