Xenia Hotels & Resorts, Inc. · NYSE:XHR
Xenia Hotels & Resorts — Q4 2024 Earnings Presentation
38 slides from Xenia Hotels & Resorts's earnings presentation, Feb 25, 2025
Slide 1: Investor Presentation February 2025
Investor Presentation February 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation has been prepared by Xenia Hotels & Resorts, Inc. (the “Company” or “Xenia”) solely for informational purposes. This presentation contains, and our responses to various questions from investors may include, “forward-looking statements” within the meaning
Slide 3: Investment Highlights
INVESTMENT INVESTMENT Diverse & High-Quality Portfolio HIGHLIGHTS HIGHLIGHTS 31 luxury and upper-upscale hotels and resorts primarily in Top 25 markets and key leisure destinations Transformative Renovation of Grand Hyatt Scottsdale Resort Significant long-term growth driver Strong Balance Sheet & F
Slide 4: Portfolio Overview
Portfolio Overview Park Hyatt Aviara 3 Hyatt Regency Grand Resort, CypressGolf Club & Spa – Orlando, FL – Carlsbad, CA
Slide 5: Portfolio Composition
Portfolio Composition Portfolio Characteristics Diversified Branding 1 Key Portfolio Statistics 2 • Focused on Uniquely Positioned Luxury and Upper Upscale Hotels 3% & Resorts 1% 31 • Primarily located in Top 25 U.S. 7% Hotels Lodging Markets and Key Leisure 8% 9,408 Destinations • 100% Luxury and U
Slide 6: Geographic Diversification
Geographic Diversification • The Sunbelt No single market contributed Hotels and resorts located across 22 • Key leisure destinations more than 16% of 2024 EBITDA1 unique lodging markets including: • Select gateway markets • Markets with limited near-term supply growth Portland, OR: 4% Washington, D
Slide 7: Demand Segment Diversification
Demand Segment Diversification Well-positioned Portfolio, Greater than 70% Business Transient and Group Mix SIGNIFICANT CONTRIBUTIONS FROM BUSINESS TRANSIENT AND/OR GROUP ESTIMATED HISTORICAL DEMAND MIX1 • Fairmont Dallas • Fairmont Pittsburgh SIGNIFICANT CONTRIBUTIONS FROM LEISURE • Grand Bohemian
Slide 8: Aligned with High Quality Brands
Aligned with High Quality Brands All Properties are Brand Affiliated Aligned with best-in-class hotel brands that provide a relevant “Brand Promise” to consumers Advantages of Branded Hotels • Superior revenue channels • Proven guest loyalty programs • Strength of marketing and advertising platforms
Slide 9: Portfolio Evolution Toward Higher Quality
Portfolio Evolution Toward Higher Quality Strategic capital allocation over past ten years delivers superior portfolio Since 20141 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Listing2 3 Hotels3 1 Hotel 4 Hotels 4 Hotels4 1 Hotel 1 Hotel 14 Hotels Acquisitions - - - - $245M $136M $615M $354M $1
Slide 10: Top Markets
Top Markets Long-Term Growth Potential in Several Historically Significant Markets FY 20241 FY 20231 FY 20192 Hotel EBITDA Hotel EBITDA Hotel EBITDA Market3 State (%) (%) (%) Houston TX 16% 14% 10% Orlando FL 16% 15% 10% Dallas TX 10% 8% 8% San Diego CA 8% 8% 4% Atlanta GA 8% 7% 5% Nashville TN 5% 5
Slide 11: Strong Portfolio Attributes vs. Lodging REIT Peers
Strong Portfolio Attributes vs. Lodging REIT Peers Diverse collection of properties, driven primarily by group and business transient • Demand mix: 2/3 Transient (majority business), 1/3 group • Revenue mix: 57% rooms, 43% F&B and other Marriott Woodlands Waterway Hotel & Convention Center Superior
Slide 12: Long-Term Growth Drivers
Long-Term Growth Drivers GRAND HYATT SCOTTSDALE RESORT Transformative renovation and upbranding expected to drive growth in the near-term and through stabilization Incremental EBITDA contributions from multiple recently RETURN ON RECENT CAPEX completed major capital projects in Orlando, Salt Lake Ci
Slide 13: Transformative Renovation of Grand Hyatt Scottsdale Resort
Transformative Renovation of Grand Hyatt Scottsdale Resort 12 Grand Hyatt Scottsdale Resort– Scottsdale, AZ
Slide 14: Transformative Renovation and Upbranding to Grand Hyatt: Investment Thesis
Transformative Renovation and Upbranding to Grand Hyatt Investment Thesis Maximize Investment Through Creation of Grand Hyatt Luxury Resort Transformative renovation and upbranding to Grand Hyatt maximizes value of a strategic asset and increases the hotel’s ability to compete with a top- tier compa
Slide 15: Grand Hyatt Scottsdale Project Update
Transformative Renovation and Upbranding to Grand Hyatt PROJECT UPDATE Grande Vista Lounge The property was upbranded to Grand Hyatt Scottsdale Resort on November 1st, 2024 and the meeting space was completed in mid January. POOL COMPLEX & AMENITIES Full renovation, including significant redesign of
Slide 16: Exterior and Public Spaces
Transformative Renovation and Upbranding to Grand Hyatt Exterior and Public Spaces Entrance Lobby Entrance Arrival Court Fountain Court 15
Slide 17: Renovated Guestrooms
Transformative Renovation and Upbranding to Grand Hyatt Renovated Guestrooms Palm Suite King Guestroom Palm Suite Palm Suite 16
Slide 18: Renovated Guestrooms
Transformative Renovation and Upbranding to Grand Hyatt Renovated Guestrooms Hospitality Suite Hospitality Suite Bedroom Hospitality Suite Hospitality Suite Balcony 17
Slide 19: Reconcepting and Redesign of All Food & Beverage Venues
Reconcepting and Redesign of All Food & Beverage Venues (in Collaboration with Chef Richard Blais) Transformative Renovation and Upbranding to Grand Hyatt 18
Slide 20: Bars and Restaurants
Transformative Renovation and Upbranding to Grand Hyatt Bars and Restaurants Grand Vista Lounge Grand Vista Lounge Mesa Centrale Mesa Centrale 19
Slide 21: Bars and Restaurants
Transformative Renovation and Upbranding to Grand Hyatt Bars and Restaurants La Zozzona La Zozzona Tiki Taka Tiki Taka Patio 20
Slide 22: Adult and Family Pool Bar Renovations
Transformative Renovation and Upbranding to Grand Hyatt Adult and Family Pool Bar Renovations SandBar SandBar H2Oasis H2Oasis 21
Slide 23: Pool Complex Renovation
Transformative Renovation and Upbranding to Grand Hyatt Pool Complex Renovation Adult Pool Family Pool Pool Complex Pool Complex 22
Slide 24: Pool Complex Renovation
Transformative Renovation and Upbranding to Grand Hyatt Pool Complex Renovation Adult Pool Adult Pool Family Pool Family Pool 23
Slide 25: Spa Avania
Transformative Renovation and Upbranding to Grand Hyatt Spa Avania Spa Avania Spa Avania Spa Avania Spa Avania 24
Slide 26: Meeting Space Renovation and Expansion
Transformative Renovation and Upbranding to Grand Hyatt Meeting Space Renovation and Expansion Meeting Space Entrance Pre-Function Space Meeting Space Entrance Arizona Ballroom Expansion & Renovation 25
Slide 27: Transformation Drives RevPAR Growth
Transformative Renovation and Upbranding to Grand Hyatt TRANSFORMATION DRIVES REVPAR GROWTH Upon stabilization, the hotel is expected to achieve RevPAR of approximately $300 Pandemic Reno Impact & » RevPAR Index to climb approximately 10% from 2022 upon stabilization Recovery $300.00 » Closing perfo
Slide 28: Strong Balance Sheet & Favorable Outlook
Strong Balance Sheet & Favorable Outlook 27 W Nashville – Nashville, TN
Slide 29: Balance Sheet Overview
Balance Sheet Overview As of January 31, 2025 Liquidity Unrestricted Cash1 Line of Credit Availability2 Total Liquidity ~$78M $500M ~$668M Debt Summary Debt Mix Balance as of Rate Type Rate Maturity 1/31/25 Mortgage Loans $214M Grand Bohemian Hotel Orlando Fixed 4.53% 3/1/2026 53.2 Property Marriott
Slide 30: Balance Sheet Overview: Debt Maturity Profile and Leverage
Balance Sheet Overview Debt Maturity Profile as of January 31, 2025 Leverage1 Mortgages ~5.4x Conservative balance sheet leverage with continued strengthening expected Term Loan LOC Availability Leverage Ratio Senior Notes No Interest Rate Exposure $500 100% The Company has no near-term exposure to
Slide 31: Recent Trends and Near-Term Outlook
Recent Trends and Near-Term Outlook1 • Recent Same-Property2 statistics: • 4Q24 RevPAR increased 5.1% vs. 4Q23 with Occupancy up 250 bps and ADR up 1.0%. Excluding Grand Hyatt Scottsdale Resort, RevPAR increased 3.4% vs. 4Q23 • 4Q24 Hotel EBITDA3 decreased 0.6% and Hotel EBITDA margin3 decreased 120
Slide 32: Near-Term Outlook – Guidance
Near-Term Outlook – Guidance1 Current FY 2025 Guidance $ in millions, except per share amounts Low High Net Income $9 $29 Same-Property RevPAR Change (vs. 2024) 3.5% 6.5% Adjusted EBITDAre $244 $264 Adjusted FFO $161 $181 Adjusted FFO per Diluted Share $1.55 $1.74 Capital Expenditures $100M $110M Ad
Slide 33: Experienced Management
Experienced Management 32 The Ritz-Carlton, Pentagon City – Arlington, VA
Slide 34: Experienced Management Team
Experienced Management Team 120+ EXECUTIVE TEAM experience in hotel real estate 160+ ASSET MANAGEMENT Hyatt Regency Grand Cypress – Orlando, FL experience in hospitality 220+ PROJECT MANAGEMENT experience in capital projects 33
Slide 35: Executive Team with Extensive Track Record
Executive Team with Extensive Track Record Senior Executive Team has an average of 30 years of hotel experience and an average tenure of 11 years with Xenia • Senior Executives have decades of experience in the hotel industry and have managed through a number of previous industry downturns • Senior
Slide 36: Non-GAAP Financial Measures
Non-GAAP Financial Measures The Company considers the following non-GAAP financial measures to be useful to investors as key supplemental measures of operating performance: EBITDA, EBITDAre, Adjusted EBITDAre, Same- Property Hotel EBITDA, Same-Property Hotel EBITDA Margin, FFO, Adjusted FFO, and Adj
Slide 37: Non-GAAP Financial Measures
Non-GAAP Financial Measures FFO and Adjusted FFO The Company calculates FFO in accordance with standards established by Nareit, as amended in the 2018 Restatement White Paper, which defines FFO as net income or loss (calculated in accordance with GAAP), excluding real estate-related depreciation, am
Slide 38: Xenia Hotels & Resorts
XENIA HOTELS & RESORTS
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