Xenia Hotels & Resorts, Inc. Files Definitive Proxy Statement

TL;DR

<b>Xenia Hotels & Resorts, Inc. has filed its Definitive Proxy Statement for the period ending April 1, 2024.</b>

AI Summary

Xenia Hotels & Resorts, Inc. (XHR) filed a Proxy Statement (DEF 14A) with the SEC on April 1, 2024. Xenia Hotels & Resorts, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 1, 2024. The filing covers the period ending April 1, 2024. The company's fiscal year ends on December 31. Xenia Hotels & Resorts, Inc. is incorporated in Florida. The company's business and mailing address is 200 S. Orange Avenue, Suite 2700, Orlando, FL 32801.

Why It Matters

For investors and stakeholders tracking Xenia Hotels & Resorts, Inc., this filing contains several important signals. This filing is a standard regulatory requirement for publicly traded companies, providing shareholders with information regarding corporate governance and matters to be voted on at meetings. Shareholders can review executive compensation, board nominations, and other critical company decisions outlined in the DEF 14A.

Risk Assessment

Risk Level: low — Xenia Hotels & Resorts, Inc. shows low risk based on this filing. The filing is a routine DEF 14A, indicating no immediate material changes or urgent concerns.

Analyst Insight

Review the proxy statement for details on executive compensation, board proposals, and shareholder voting matters.

Key Numbers

• 2024-04-01 — Filing Date (Date the DEF 14A was filed)
• 2024-04-01 — Period of Report (The period this filing pertains to)
• 1231 — Fiscal Year End (The end date of the company's fiscal year)

Key Players & Entities

• Xenia Hotels & Resorts, Inc. (company) — Filer name
• 200 S. Orange Avenue, Suite 2700 (address) — Business and mailing address
• Orlando (location) — City for business and mailing address
• FL (location) — State for business and mailing address
• 32801 (postal_code) — ZIP code for business and mailing address
• 407-246-8100 (phone_number) — Business phone number

FAQ

Industry Context

Xenia Hotels & Resorts, Inc. operates in the hotel and motel industry, a sector sensitive to economic conditions and travel trends.

Regulatory Implications

As a publicly traded company, Xenia Hotels & Resorts, Inc. is subject to SEC regulations, including the requirement to file Definitive Proxy Statements.

What Investors Should Do

1. Review the full DEF 14A filing for detailed information on executive compensation packages.
2. Examine the proposals presented for shareholder vote, including any director elections or amendments to company policies.
3. Note the company's fiscal year-end and reporting periods for future financial analysis.

Key Dates

• 2024-04-01: Filing of DEF 14A — Indicates the company is providing proxy materials to shareholders.

Year-Over-Year Comparison

This is the initial filing of a DEF 14A for the period ending April 1, 2024; prior period comparisons are not available within this specific document.

Key Financial Figures

• $260.40 — daily rate (" ADR ") increased 0.6% to $260.40. The combined growth in occupancy and A
• $169.46 — er available room ("RevPAR") of 4.1% to $169.46 during 2023. Hotel operating income dec
• $325.3 million — el operating income decreased 1.1% from $325.3 million in 2022 to $321.7 million in 2023 due i
• $321.7 million — sed 1.1% from $325.3 million in 2022 to $321.7 million in 2023 due in part to higher labor and
• $675 million — In January 2023, we entered into a new $675 million senior unsecured credit facility and am
• $125 million — se loans were used to repay an existing $125 million corporate credit facility term loan and
• $95 million — rporate credit facility term loan and a $95 million mortgage loan. As a result of these act
• $177 million — allocation priorities by returning over $177 million to shareholders through a combination o
• $164.7 million — dends. As of December 31, 2023, we had $164.7 million in cash and full availability on our $4
• $450 million — on in cash and full availability on our $450 million revolving credit facility resulting in
• $615 million — ing in total liquidity of approximately $615 million. Additionally, we held $58.4 million of
• $58.4 million — ely $615 million. Additionally, we held $58.4 million of restricted cash and escrows primaril
• $120.9 million — r hotels. During the year, we invested $120.9 million in portfolio improvements, completing s

Filing Documents

• xhr-20240401.htm (DEF 14A) — 1291KB
• xhr-20240401_g1.jpg (GRAPHIC) — 32KB
• xhr-20240401_g10.jpg (GRAPHIC) — 23KB
• xhr-20240401_g11.jpg (GRAPHIC) — 41KB
• xhr-20240401_g12.jpg (GRAPHIC) — 89KB
• xhr-20240401_g13.jpg (GRAPHIC) — 45KB
• xhr-20240401_g14.jpg (GRAPHIC) — 43KB
• xhr-20240401_g15.jpg (GRAPHIC) — 39KB
• xhr-20240401_g16.jpg (GRAPHIC) — 6KB
• xhr-20240401_g17.jpg (GRAPHIC) — 6KB
• xhr-20240401_g18.jpg (GRAPHIC) — 161KB
• xhr-20240401_g19.jpg (GRAPHIC) — 161KB
• xhr-20240401_g2.jpg (GRAPHIC) — 7KB
• xhr-20240401_g3.jpg (GRAPHIC) — 22KB
• xhr-20240401_g4.jpg (GRAPHIC) — 36KB
• xhr-20240401_g5.jpg (GRAPHIC) — 203KB
• xhr-20240401_g6.jpg (GRAPHIC) — 7KB
• xhr-20240401_g7.jpg (GRAPHIC) — 30KB
• xhr-20240401_g8.jpg (GRAPHIC) — 30KB
• xhr-20240401_g9.jpg (GRAPHIC) — 145KB
• 0001616000-24-000035.txt (&nbsp;) — 4978KB
• xhr-20240401.xsd (EX-101.SCH) — 4KB
• xhr-20240401_def.xml (EX-101.DEF) — 6KB
• xhr-20240401_lab.xml (EX-101.LAB) — 10KB
• xhr-20240401_pre.xml (EX-101.PRE) — 5KB
• xhr-20240401_htm.xml (XML) — 202KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 58 ARTICLE VIII: CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 60 60 ARTICLE IX: ATTENDING THE ANNUAL MEETING 60 ARTICLE X: MISCELLANEOUS 60 AVAILABILITY OF ANNUAL REPORT ON FORM 10-K 60 HOUSEHOLDING 60

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS 61 OTHER MATTERS THAT MAY COME BEFORE THE ANNUAL MEETING 62 PROXY SUMMARY This summary highlights some of the topics discussed in this proxy statement. It does not cover all of the information you should consider before voting, and you are encouraged to read the entire proxy statement before casting your vote. GENERAL INFORMATION Meeting: Annual Meeting of Stockholders Stock Symbol: XHR Date: Tuesday, May 14, 2024 Exchange: New York Stock Exchange Time: 8:00 a.m. Common Stock Outstanding: 101,963,677 Location: Hyatt Regency Grand Cypress Resort State of Incorporation: Maryland One Grand Cypress Blvd Exchange Listed Public Company Since: 2015 Orlando, Florida 32836 Corporate Website: www.xeniareit.com Record Date: March 21, 2024 Investor Relations Website: investors.xeniareit.com The information found on, or otherwise accessible through, including other documents mentioned in this proxy and included on our website (but not otherwise filed with the SEC), our website is not incorporated by reference into, nor does it form a part of, this proxy statement. VOTING ITEMS AND BOARD RECOMMENDATIONS Proposal Proposal Summary Board Recommendation Page Proposal 1 Election of Directors FOR each Director Nominee 13 Proposal 2 Non-binding advisory vote to approve named executive officer compensation (" say-on-pay ") FOR 54 Proposal 3 Ratification of the appointment of KPMG LLP as our independent registered public accounting firm for 2024 FOR 55 Beginning on or about April 1, 2024, we mailed a Notice of Internet Availability of Proxy Materials to our stockholders, which contained instructions on how to access and review proxy materials. On or about April 1, 2024, we also began mailing a full set of proxy materials to certain stockholders, including those who previously requested a paper copy of the proxy materials. 1 Our Directors We believe our Board membership is both balanced and diverse in experience, professio

View Full Filing

View this DEF 14A filing on SEC EDGAR