How did Xenia Hotels & Resorts (NYSE:XHR) perform in Q1 2026?

Xenia Hotels & Resorts reported Q1 2026 net income of $19.8 million, or $0.21 per share. Adjusted EBITDA rose 11.6% year-over-year to $81.4 million, and adjusted FFO per diluted share increased 23.5% to $0.63. Strong performance was driven by high average daily rates (ADR) and a recovery in group bookings, particularly in luxury travel.

What were the key drivers of Xenia’s revenue growth in Q1 2026?

The key drivers of Xenia's revenue growth in Q1 2026 included a 7.4% increase in Revenue per Available Room (RevPAR), driven by a 4.8% increase in ADR and a 180-basis-point gain in occupancy. The luxury travel market’s recovery and strong group bookings, along with record performance at the Grand Hyatt Scottsdale Resort, contributed to this growth.

How did Xenia’s Same-Property metrics perform in Q1 2026?

Xenia’s Same-Property metrics showed strong performance, with RevPAR increasing 7.4% to $205.93. This was supported by a 4.8% rise in ADR and a 180-basis-point gain in occupancy. March was particularly strong, with RevPAR growth exceeding 14%, highlighting the robust recovery in the luxury travel market.

How did the Grand Hyatt Scottsdale Resort contribute to Xenia’s Q1 2026 performance?

The Grand Hyatt Scottsdale Resort had a record-breaking performance in Q1 2026, playing a significant role in Xenia’s success for the quarter. The resort's strong performance, alongside increased transient demand in sunbelt and urban markets, helped boost the company’s overall results.

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Xenia Hotels profits soar as luxury group demand drives 7% RevPAR growth

Written by Heidi Cuthbert Published May 1, 2026, 10:50 AMLast Updated Jul 6, 2026, 10:28 AM

Xenia Hotels & Resorts (NYSE:XHR) reported robust financial results for the first quarter of 2026, driven by strong average daily rates (ADR) and a significant recovery in group bookings.

The Orlando-based REIT posted net income of $19.8 million, or $0.21 per share.

Performance was particularly strong on an operational basis, with adjusted EBITDA rising 11.6% year-over-year to $81.4 million and adjusted FFO per diluted share jumping 23.5% to $0.63.

The company’s "Same-Property" metrics highlighted a healthy luxury travel market.

Revenue per Available Room (RevPAR) increased 7.4% to $205.93, supported by a 4.8% increase in ADR and a 180-basis-point gain in occupancy.

Management noted that March was a standout month for the portfolio, delivering RevPAR growth of over 14%.

A primary contributor to the quarter's success was the record-breaking performance of the Grand Hyatt Scottsdale Resort, alongside increased transient demand across its sunbelt and urban markets.

Xenia’s balance sheet remains stable with approximately $601 million in total liquidity against $1.4 billion in total debt.

The company’s weighted average interest rate stands at 5.53%, and during the quarter, it successfully paid off a $52 million mortgage loan secured by the Grand Bohemian Hotel Orlando.

The Board of Directors also declared a quarterly dividend of $0.14 per share, maintaining the payout level established earlier in the year.