Xenia Hotels & Resorts Q3 2024 10-Q Filed

TL;DR

**Xenia Hotels Q3 2024 10-Q is in: Check hotel revenue & occupancy trends vs. last year.**

AI Summary

Xenia Hotels & Resorts, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance for the third quarter and the first nine months of the year, including revenue from hotel operations and other segments. Specific figures for occupancy, food and beverage, and other hotel-related revenues are provided for the comparative periods of 2024 and 2023.

Why It Matters

This filing provides investors with key financial data for Xenia Hotels & Resorts, Inc., allowing them to assess the company's performance and make informed investment decisions.

Risk Assessment

Risk Level: medium — The filing contains detailed financial information, including revenue breakdowns and operational metrics, which are crucial for assessing the company's financial health and future prospects.

Key Numbers

• 2024-09-30 — Reporting Period End Date (The end date for the financial reporting period covered by the 10-Q.)
• 2024-11-07 — Filing Date (The date the 10-Q was officially filed with the SEC.)
• 2024-01-01 — Year-to-Date Start Date (The beginning of the fiscal year for which financial data is reported.)
• 2023-09-30 — Prior Year Period End Date (The end date of the comparable prior year period for financial comparison.)

Key Players & Entities

• Xenia Hotels & Resorts, Inc. (company) — Filer of the 10-Q
• 200 S. ORANGE AVENUE, SUITE 2700 (location) — Company's business and mailing address
• ORLANDO, FL 32801 (location) — Company's business and mailing address
• 407-246-8100 (phone_number) — Company's business phone number

FAQ

Filing Documents

• xhr-20240930.htm (10-Q) — 1439KB
• exhibit101amendedandrestat.htm (EX-10.1) — 911KB
• exhibit102amendedandrestat.htm (EX-10.2) — 60KB
• exhibit311_2024q3x10q.htm (EX-31.1) — 10KB
• exhibit312_2024q3x10q.htm (EX-31.2) — 10KB
• exhibit321_2024q3x10q.htm (EX-32.1) — 6KB
• jpmorgan.jpg (GRAPHIC) — 10KB
• 0001616000-24-000078.txt ( ) — 8694KB
• xhr-20240930.xsd (EX-101.SCH) — 55KB
• xhr-20240930_cal.xml (EX-101.CAL) — 74KB
• xhr-20240930_def.xml (EX-101.DEF) — 285KB
• xhr-20240930_lab.xml (EX-101.LAB) — 699KB
• xhr-20240930_pre.xml (EX-101.PRE) — 501KB
• xhr-20240930_htm.xml (XML) — 955KB

- Financial Information Page

Part I - Financial Information Page

Financial Statements (unaudited)

Item 1. Financial Statements (unaudited) Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023 1 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the Three and Nine Months Ended September 30, 2024 and 2023 2 Condensed Consolidated Statements of Changes in Equity for the Three and Nine Months Ended September 30, 2024 and 2023 4 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 6 Notes to the Condensed Consolidated Financial Statements 8

Management's Discussion and Analysis of Financial Condition and Results of Operations 24

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 24

Quantitative and Qualitative Disclosures About Market Risk 38

Item 3. Quantitative and Qualitative Disclosures About Market Risk 38

Controls and Procedures 39

Item 4. Controls and Procedures 39

- Other Information

Part II - Other Information

Legal Proceedings 39

Item 1. Legal Proceedings 39

Risk Factors 40

Item 1A. Risk Factors 40

Unregistered Sales of Equity Securities and Use of Proceeds 40

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 40

Defaults Upon Senior Securities 40

Item 3. Defaults Upon Senior Securities 40

Mine Safety Disclosures 40

Item 4. Mine Safety Disclosures 40

Other Information 40

Item 5. Other Information 40

Exhibits 42

Item 6. Exhibits 42 Signatures 43

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements XENIA HOTELS & RESORTS, INC. Condensed Consolidated Balance Sheets As of September 30, 2024 and December 31, 2023 (Dollar amounts in thousands, except per share data) September 30, 2024 December 31, 2023 Assets: (Unaudited) (Audited) Investment properties: Land $ 455,907 $ 460,307 Buildings and other improvements 3,177,915 3,097,711 Total $ 3,633,822 $ 3,558,018 Less: accumulated depreciation ( 1,043,949 ) ( 963,052 ) Net investment properties $ 2,589,873 $ 2,594,966 Cash and cash equivalents 161,469 164,725 Restricted cash and escrows 63,158 58,350 Accounts and rents receivable, net of allowance for doubtful accounts 31,976 32,432 Intangible assets, net of accumulated amortization of $ 276 and $ 241 , respectively 4,863 4,898 Deferred tax assets (Note 8) 5,212 — Other assets 47,930 46,856 Total assets $ 2,904,481 $ 2,902,227 Liabilities: Debt, net of loan premiums, discounts and unamortized deferred financing costs (Note 5) $ 1,395,522 $ 1,394,906 Accounts payable and accrued expenses 116,632 102,389 Distributions payable 12,614 10,788 Other liabilities 81,412 76,647 Total liabilities $ 1,606,180 $ 1,584,730 Commitments and Contingencies (Note 12) Stockholders' equity: Common stock, $ 0.01 par value, 500,000,000 shares authorized, 101,816,814 and 102,372,589 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively $ 1,019 $ 1,024 Additional paid in capital 1,928,063 1,934,775 Accumulated other comprehensive income 665 2,439 Accumulated distributions in excess of net earnings ( 667,025 ) ( 647,246 ) Total Company stockholders' equity $ 1,262,722 $ 1,290,992 Non-controlling interests 35,579 26,505 Total equity $ 1,298,301 $ 1,317,497 Total liabilities and equity $ 2,904,481 $ 2,902,227 See accompanying notes to the condensed consolidated financial statements. 1 XENIA HOTELS & RESORTS, INC. Condensed Consolidated Statements of Operations and Comprehensive Inc

View Full Filing

View this 10-Q filing on SEC EDGAR