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For Kenmore Square, does the end of an era mean a promising future?

For Kenmore Square, does the end of an era mean a promising future?
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Xenia Hotels and Resorts (XHR) Q4 2020 Earnings Call Transcript

Operator Good day, and welcome to the Xenia Hotels and Resorts fourth quarter and full-year 2020 results conference call. [Operator instructions] Please note, this event is being recorded. I would now like to turn the conference over to Cameron Frosch, senior analyst, finance. Please go ahead. Cameron Frosch Senior Analyst, Finance Thank you, Andrew. Good afternoon and welcome to Xenia Hotels and Resorts fourth quarter and full-year 2020 earnings call and webcast. I m here with Marcel Verbaas, our chairman, and chief executive officer; Barry Bloom, our president, and chief operating officer; and Atish Shah, our executive vice president, and chief financial officer. Marcel will begin with the discussion of our operating results and our 2020 achievements.

Xenia Hotels & Resorts Reports Fourth Quarter And Full Year 2020 Results

Xenia Hotels & Resorts Reports Fourth Quarter And Full Year 2020 Results News provided by Share this article Share this article ORLANDO, Fla., March 1, 2021 /PRNewswire/  Xenia Hotels & Resorts, Inc. (NYSE: XHR) ( Xenia or the Company ) today announced results for the quarter and full year ended December 31, 2020. Fourth Quarter 2020 Highlights Adjusted EBITDAre: Adjusted EBITDAre was $(10.1) million. Adjusted FFO per Diluted Share: Adjusted FFO per diluted share was $(0.24). Same-Property RevPAR: The Company had its entire Same-Property portfolio (34 properties) open and operating during the entire fourth quarter. These properties achieved RevPAR of $50.82, as a result of occupancy of 27.8% and an ADR of $182.64. Transaction Activity: The Company sold four hotels for a total sales price of approximately $391 million.

Xenia Hotels & Resorts Reports Fourth Quarter And Full Year 2020 Results

Xenia Hotels & Resorts Reports Fourth Quarter And Full Year 2020 Results
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