Strong Q2 2025 Financial Performance
Xenia Hotels & Resorts reported a significant increase in revenues and hotel EBITDA compared to the same period last year, with net income of $55.2 million, adjusted EBITDAre of $79.5 million, and adjusted FFO per share of $0.57, marking a 9.6% increase over last year.
Grand Hyatt Scottsdale Success
The recently renovated Grand Hyatt Scottsdale Resort was a key driver of growth, with a 4% increase in same-property RevPAR and a 15.6% increase in group room revenues. The property exceeded 2019 group room nights and revenue for the first time post-renovation.
Significant Growth in Key Markets
Xenia Hotels experienced outsized RevPAR growth in Pittsburgh, Orlando, and California markets, with Fairmont Pittsburgh seeing a nearly 30% increase and several California properties experiencing an approximate 8% increase.
Positive Group Business Trends
Group business demand was strong, contributing to an 11% increase in same-property total RevPAR. Group room revenues increased by 15.6%, and banquet revenue grew nearly 20%.
Profitability and Expense Management
Xenia Hotels reported a hotel EBITDA margin increase of 269 basis points, benefiting from lower-than-expected expense growth and property tax refunds, resulting in a stronger operating margin.