Xenia Hotels (XHR) Reports In-Line Q2 FFO
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Xenia Hotels & Resorts Reports Second Quarter 2016 Results
August 5, 2016 6:30 AM EDTORLANDO, Fla., Aug. 5, 2016 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended June 30, 2016.Â
Second Quarter 2016 Highlights
Net Income: Net income attributable to common stockholders was $25.8 million and net income per share was $0.24. Same-Property RevPAR: Same-Property RevPAR increased 1.8% from the second quarter of 2015 to $162.47, as occupancy remained flat and ADR increased 1.8%. Excluding hotels located in Houston, Same-Property RevPAR increased 3.8% from the second quarter of 2015, as occupancy increased 63 basis points and ADR increased 3.0%.... More