Xenia Hotels and Resorts

What Xenia Hotels and Resorts does

Xenia Hotels & Resorts (NYSE: XHR) is a self-advised, self-administered real estate investment trust (REIT) that owns a portfolio of 30 luxury and upper-upscale hotels and resorts comprising 8,868 rooms across 14 U.S. states and 22 markets. The company invests primarily in top 25 lodging markets and key leisure destinations, with properties operated and/or licensed by major third-party hotel brand operators including Marriott, Hyatt, Hilton, Kimpton, Fairmont, Loews, The Ritz-Carlton, Waldorf Astoria, Park Hyatt, W Hotels, Grand Hyatt, Andaz, Autograph Collection, Renaissance, Westin, and The Unbound Collection by Hyatt. The portfolio also includes approximately 736,000 square feet of meeting and event space.

The company generates revenue through hotel operations, predominantly room rentals (measured by RevPAR), food and beverage services, and meeting and event space rentals, at properties whose day-to-day operations, branding, and reservations are handled by third-party hotel operators under management and franchise agreements. As a REIT, Xenia distributes a meaningful portion of taxable income to shareholders, with the declared Q2 2026 dividend at $0.14 per share implying a payout ratio of approximately 31%, alongside an active capital return program that repurchased 9.35 million shares during 2025. Corporate headquarters are in Orlando, Florida; the leadership team is led by Chair and CEO Marcel Verbaas, with Barry Bloom as President and COO and Atish Shah as CFO.

The operating model emphasizes active asset management, disciplined capital recycling, and balance sheet flexibility. Specific actions include the January 2026 acquisition of land under Hyatt Regency Santa Clara paired with the divestiture of Fairmont Dallas (averting an estimated $80 million in future capital expenditures), a $675 million senior unsecured credit facility established in 2023, a $400 million facility added in late 2024, and up-branding initiatives such as the Grand Hyatt Scottsdale renovation that delivered 104% RevPAR growth post-renovation. Approximately 92.43% of shares are institutionally held, consistent with the company's standing as a publicly traded, NYSE-listed lodging REIT.

Name

Xenia Hotels and Resorts

Legal name

Xenia Hotels & Resorts, Inc.

Website

https://xeniareit.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Xenia Hotels & Resorts (NYSE: XHR) is a self-advised REIT that owns 30 luxury and upper-upscale hotels with 8,868 rooms across 14 U.S. states, operated under brands including Marriott, Hyatt, and Hilton, serving business, leisure, and group event travelers.

Ownership category

akta.pro rank

Product category

Lodging REIT

NAICS

Hotels (except Casino Hotels) and Motels (72111), Hotels (except Casino Hotels) and Motels (721110), Traveler Accommodation (7211), Accommodation (721)

SIC

Hotels & Motels (7011), Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Real Estate Investment Trusts (6798)

akta.pro primary industry

Business & Corporate Full-Service Hotels (THAGAAAE)

Keywords

• Lodging REIT
• Hotel real estate investment
• Luxury hotel ownership
• Upper-upscale hospitality
• Hotel asset management

Headquarters

HQ city

Orlando

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Hotel Operations Revenue: As a REIT owning 30 hotels and resorts, Xenia generates revenue through hotel operations including room rentals (RevPAR), food and beverage services, and meeting/event space rentals. Revenue is derived from guest stays at owned properties across luxury and upper-upscale segments.
2. REIT Dividend Distributions: As a Real Estate Investment Trust, Xenia distributes a significant portion of taxable income to shareholders as dividends. The company pays quarterly dividends (e.g., $0.14 per share for Q2 2026) and targets a payout ratio of approximately 31%.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Xenia Hotels & Resorts is a self-advised and self-administered real estate investment trust (REIT) that owns and acquires uniquely positioned full-service luxury and upper-upscale hotels and resorts across top 25 U.S. lodging markets and key leisure destinations. The company generates revenue through hotel operations conducted by third-party brand operators (Marriott, Hyatt, Hilton, Fairmont, Kimpton, Loews, Ritz-Carlton, Waldorf Astoria, etc.) at 30 owned properties comprising 8,868 rooms and 736,000 sq ft of meeting and event space, distributing a substantial portion of taxable income to shareholders as dividends.

Product overview

Xenia Hotels & Resorts is a self-advised and self-administered REIT (Real Estate Investment Trust) that invests in uniquely positioned full-service luxury and upper-upscale hotels and resorts across the United States. The company owns a diversified portfolio of 30 hotels comprising 8,868 rooms across 14 states, operating primarily in top 25 lodging markets and key leisure destinations. The portfolio is aligned with best-in-class hotel brands including Marriott, Hyatt, Fairmont, Kimpton, Loews, Hilton, The Ritz-Carlton, Waldorf Astoria, W Hotels, Park Hyatt, Andaz, Autograph Collection, Renaissance, Westin, and The Unbound Collection by Hyatt. The company's hotel properties serve as its core product offerings, with each property operated and/or licensed by industry-leading hotel management companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Hyatt Centric Key West Resort & Spa A luxury resort property located in Key West, Florida, operated under the Hyatt Centric brand, owned by Xenia Hotels & Resorts as part of its 30-property portfolio.
• Grand Hyatt Scottsdale Resort A luxury resort in Scottsdale, Arizona featuring one of the nation's largest solar water systems in use at a hotel, operated under the Grand Hyatt brand.
• Park Hyatt Aviara Resort, Golf Club & Spa A luxury resort in Carlsbad, California featuring golf club and spa amenities, operated under the Park Hyatt brand.
• Hyatt Regency Grand Cypress An upper-upscale hotel in Orlando, Florida operated under the Hyatt Regency brand.
• Bohemian Hotel Savannah Riverfront, Autograph Collection A boutique hotel in Savannah, Georgia operated under the Marriott Autograph Collection brand.
• W Nashville A luxury hotel in Nashville, Tennessee operated under the W Hotels brand.

Quantifiable outcome

• Q1 2026 Same-Property RevPAR increased 7.4% to $205.93
• +5 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators16 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Host Hotels & Resorts: Largest lodging REIT in the U.S. (NYSE: HST), owning approximately 80 luxury and upper-upscale hotels operated under major brand families. Operates as a direct competitor in the same hotel REIT category as Xenia, with comparable focus on RevPAR, group demand, and luxury/upscale full-service assets.
• Park Hotels & Resorts: NYSE-listed lodging REIT (PK) spun off from Hilton, owning ~40 upper-upscale and luxury hotels in top U.S. markets. Operates the same business model and asset class as Xenia — full-service luxury/upper-upscale hotels with brand operators.
• Pebblebrook Hotel Trust: NYSE-listed lodging REIT (PEB) focused on urban and resort upper-upscale/luxury hotels in major U.S. gateway markets and resort destinations. Closely comparable to Xenia in property type, target markets, and reliance on group/transient demand.
• Sunstone Hotel Investors: NYSE-listed lodging REIT (SHO) owning luxury and upper-upscale hotels operated under brands like Marriott, Hilton, Hyatt, and Four Seasons. Closely comparable to Xenia in property mix, brand affiliation strategy, and urban/leisure market focus.
• DiamondRock Hospitality Company: NYSE-listed lodging REIT (DRH) owning 36 upscale and luxury hotels in gateway cities and resort destinations such as NYC, Chicago, and Boston. Directly comparable to Xenia by property class, geographic focus, and RevPAR-driven economics.
• RLJ Lodging Trust: NYSE-listed lodging REIT (RLJ) owning premium-branded, focused-service and compact full-service hotels in major markets. Comparable to Xenia as a publicly traded lodging REIT investing in branded hotels; differentiates by leaning more toward focused-service than luxury.
• Apple Hospitality REIT: NYSE-listed lodging REIT (APLE) with a portfolio of upscale, upper-upscale, and extended-stay hotels operated under Marriott, Hilton, and Hyatt franchises. Competes with Xenia for similar guests and RevPAR growth but skews toward select-service rather than luxury.

Broad incumbents

• Ryman Hospitality Properties: NYSE-listed REIT (RHP) owning large-scale convention-center hotels under the Gaylord brand. Comparable asset class (full-service group/convention hotels) and lodging-REIT structure, but specializes in large convention properties while Xenia focuses on individual luxury/upper-upscale resorts.

Others

• Hyatt Hotels Corporation: Global hospitality operator/franchisor operating many of the brand families under which Xenia's hotels are flagged (Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Unbound). Functions as operator/partner rather than direct REIT competitor but materially relevant as a counterparty in Xenia's franchise agreements.
• Marriott International: World's largest hotel company, operating brand families (Ritz-Carlton, W Hotels, Westin, Renaissance, Autograph, Marriott) under which many of Xenia's properties are operated. Functions as a key brand operator/franchisor rather than REIT competitor but critical counterpart for Xenia's revenue and operating model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Xenia Hotels and Resorts