Xenia Hotels (XHR) Reports Q1 FFO of 44c
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Xenia Hotels & Resorts Reports First Quarter Results
May 9, 2017 6:30 AM EDTORLANDO, Fla., May 9, 2017 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the first quarter ended March 31, 2017.
First Quarter 2017 Highlights
Net Income: Net income attributable to common stockholders was $8.1 million and net income per diluted share was $0.07. Same-Property RevPAR: Same-Property RevPAR increased 2.7% compared to the first quarter of 2016 to $147.14, as occupancy increased 123 basis points and ADR increased 1.0%. Excluding the Company's Houston-area hotels, Same-Property RevPAR also increased 2.7%, as occupancy increased 146 basis points and ADR increased 0.7%.... More