Xenia Hotels & Resorts, Inc. · NYSE:XHR
Xenia Hotels & Resorts — Corporate Update (October 2017)
17 slides from Xenia Hotels & Resorts's corporate update, Oct 4, 2017
Slide 1: 2017 Portfolio Enhancements
Hyatt Regency Grand Cypress Orlando, FL The Ritz-Carlton Pentagon City Arlington, VA Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch Scottsdale, AZ Royal Palms Resort & Spa Phoenix, AZ 2017 Portfolio Enhancements October 2017
Slide 2: Forward-Looking Statements
Forward-Looking Statements 1 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 meanin
Slide 3: YTD Transaction Activity Further Enhances Portfolio
YTD Transaction Activity Further Enhances Portfolio 2 Focus on Portfolio Quality • Luxury and upper upscale asset mix has increased from ~80% to ~90% of Xenia’s portfolio • Acquired assets that improved portfolio RevPAR and EBITDA/key profile • Sold lower quality assets Further Diversification of Ge
Slide 4: Improved Portfolio Quality
YE 2016 Current Portfolio Ch a in S ca le 3 Improved Portfolio Quality 1. Includes pre-acquisition operating results of the acquired assets obtained from the seller and/or manager of the hotels during the acquisition due diligence process. See slide 15 for additional information regarding pre-acquis
Slide 5: Margin Growth Potential and Business Mix Opportunities
Margin Growth Potential and Business Mix Opportunities 4 • Margin growth potential over time at acquired hotels, which currently have margins well below remainder of portfolio • Proven track record improving margins post- acquisition • >300 basis point increase in GOP margins over the two calendar y
Slide 6: Opportunities to Drive Further Growth
Opportunities to Drive Further Growth Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch • Performance lift from recently completed rooms renovation • Eight food & beverage outlets with opportunities to improve profitability • Upgrade existing function space over time • Operational synergies with
Slide 7: Further Diversification of Geographic Mix
Further Diversification of Geographic Mix 6 Source: Lodging Econometrics at Q2 2017 1. Markets determined based on Year-End 2016 Hotel EBITDA. Includes pre-acquisition operating results of the acquired assets obtained from the seller and/or manager of the hotels during the acquisition due diligence
Slide 8: Further Diversification of Brand Mix
2 YE 2016 Current Portfolio1 B rand A ff ilia ti o n Further Diversification of Brand Mix 7 Statistics based on keys. 1. Bold denotes new brand. • Diversified brand mix with two industry-leading brand families • Marriott International The Ritz-Carlton • Hyatt Hotels The Unbound Collection by Hyatt 5
Slide 9: Disciplined Capital Allocation
Disciplined Capital Allocation 8 1. At the time of acquisition. 2. Represents 2017 Hotel EBITDA forecast for Xenia’s ownership period. Xenia has not included a reconciliation to GAAP net income at this time because it has not yet completed the purchase price allocations for Hyatt Regency Scottsdale
Slide 10: Maintains Strong Balance Sheet
Maintains Strong Balance Sheet 9 1. Assumes all potential extension options are exercised. 2. As of October 4, 2017. 3. As defined in Section 1.01 of the Company’s senior unsecured revolving credit facility. As of June 30, 2017 proforma for subsequent events. Sources of cash for recent acquisitions:
Slide 11: Property Photos
Property Photos
Slide 12: Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch
Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch 11 Scottsdale, AZ
Slide 13: Royal Palms Resort & Spa
Royal Palms Resort & Spa 12 Phoenix, AZ
Slide 14: Ritz-Carlton Pentagon City
Ritz-Carlton Pentagon City 13 Arlington, VA
Slide 15: Hyatt Regency Grand Cypress
Hyatt Regency Grand Cypress 14 Orlando, FL
Slide 16: Non-GAAP Financial Measures
Non-GAAP Financial Measures 15 Portfolio metrics and statistics where noted include periods prior to the Company’s ownership of the hotels acquired in 2016 and 2017 and excludes the NOI guaranty payment at Andaz San Diego. The pre-acquisition operating results were obtained from the seller of the ho
Slide 17: Slide 17
Xenia Hotels & Resorts — Corporate Update (October 2017) on 6ix