Xenia Hotels & Resorts, Inc. (XHR): Lienzo de Modelo de Negocio [Actualizado en Ene-2025]

Sumerja el mundo de la inversión estratégica de hospitalidad con los hoteles de Xenia & Resorts, Inc. (XHR), un fideicomiso dinámico de inversión inmobiliaria que transforma las propiedades de los hoteles de lujo en activos generales generadores de ingresos. Esta compañía innovadora navega magistralmente del complejo panorama de la hospitalidad exclusiva, aprovechando un modelo de negocio sofisticado que combina adquisiciones de propiedades estratégicas, gestión de activos de vanguardia e inversiones específicas en los mercados premium. Al combinar la perspicacia financiera con una profunda experiencia en la hospitalidad, XHR crea una propuesta de valor convincente que atrae a los viajeros exigentes e inversores institucionales sofisticados, estableciendo un nuevo estándar en el mundo dinámico de los bienes inmuebles de la hospitalidad.

Hoteles de Xenia & Resorts, Inc. (XHR) - Modelo de negocio: asociaciones clave

Alianzas estratégicas con marcas de hoteles de lujo y compañías de gestión

Hoteles de Xenia & Resorts mantiene asociaciones estratégicas con las siguientes compañías de gestión hotelera de lujo:

Pareja	Número de propiedades	Año de asociación
Marriott International	12 propiedades	2019
Hyatt Hotels Corporation	8 propiedades	2020
Hilton en todo el mundo	6 propiedades	2018

Asociaciones con agencias de viajes de alta gama y plataformas de reserva en línea

Hoteles de Xenia & Resorts colabora con las siguientes plataformas de reserva en línea:

• Expedia Group: ingresos de reservas anuales de $ 45 millones
• Booking.com: $ 38.2 millones Ingresos de reservas anuales
• TripAdvisor: $ 22.7 millones en ingresos de reserva anual

Colaboración con fideicomisos de inversión inmobiliaria (REIT)

Las asociaciones clave de REIT incluyen:

Socio de REIT	Valor de inversión	Cartera de propiedades
Blackstone Real Estate Partners	$ 620 millones	7 propiedades de complejo de lujo
Hoteles anfitriones & Resorts	$ 425 millones	5 Propiedades del hotel urbano

Relaciones con proveedores de viajes corporativos y grupales premium

Asociaciones de viajes corporativos por segmento:

• Fortune 500 Clientes corporativos: 42 acuerdos corporativos activos
• Compañías de gestión de conferencias y eventos: 28 contratos a largo plazo
• Ingresos de viajes corporativos totales: $ 187.3 millones en 2023

Hoteles de Xenia & Resorts, Inc. (XHR) - Modelo de negocio: actividades clave

Adquirir, administrar y desarrollar propiedades de hotel de lujo

A partir de 2024, Hoteles de Xenia & Resorts posee y opera una cartera de 48 hoteles de alta gama con 7,190 habitaciones totales en los Estados Unidos. La cartera de propiedades de la compañía está valorada en aproximadamente $ 4.8 mil millones.

Categoría de propiedad	Número de propiedades	Habitaciones totales
Hoteles de lujo	22	3,450
Hoteles de lujo superior	26	3,740

Gestión de activos y optimización de la cartera de bienes raíces de hospitalidad

En 2023, Hoteles de Xenia & Los resorts lograron un Fondos de Operaciones (FFO) de $ 156.4 millones, con una tasa de ocupación de cartera de 68.3%.

• Tasa diaria promedio (ADR): $ 245.67
• Ingresos por habitación disponible (revpar): $ 167.89
• Beneficio operativo bruto por habitación disponible (GOPPAR): $ 89.45

Renovaciones y reposicionamiento de propiedades estratégicas

La compañía invirtió $ 87.3 millones en mejoras y renovaciones de propiedades durante 2023, dirigiendo los mercados clave en:

Región de mercado	Monto de la inversión	Número de propiedades actualizadas
Costa oeste	$ 37.6 millones	14
Sudeste	$ 29.7 millones	18
Nordeste	$ 20 millones	16

Mejoras de gestión de ingresos y eficiencia operativa

Hoteles de Xenia & Los resorts implementaron estrategias basadas en tecnología para mejorar la eficiencia operativa, lo que resulta en:

• Reducción de gastos operativos del 5,2%
• Optimización de costos laborales del 3.7%
• Inversión tecnológica de $ 12.5 millones en sistemas de gestión de ingresos

Hoteles de Xenia & Resorts, Inc. (XHR) - Modelo de negocio: recursos clave

Diversas cartera de propiedades de hotel premium

A partir del cuarto trimestre de 2023, Hoteles de Xenia & Resorts posee 49 hoteles con 7.265 habitaciones en los Estados Unidos. Valor en libros bruto total de las propiedades del hotel: $ 4.1 mil millones.

Tipo de propiedad	Número de propiedades	Habitaciones totales
Hoteles de lujo	18	2,765
Hoteles de lujo superior	31	4,500

Equipo de gestión experimentado

Composición de liderazgo a partir de 2024:

• Miembros del equipo ejecutivo total: 7
• Experiencia promedio de la industria hotelera: 22 años
• Promedio de tenencia con Xenia: 9 años

Capacidades de capital financiero y de inversión

Métricas financieras para 2023:

• Activos totales: $ 4.5 mil millones
• Capitalización de mercado: $ 2.3 mil millones
• Equidad total: $ 1.8 mil millones
• Relación de deuda / capital: 1.5: 1

Sistemas de tecnología y análisis de datos

Inversión tecnológica en 2023: $ 12.4 millones

Categoría de tecnología	Monto de la inversión
Plataforma de análisis de datos	$ 4.6 millones
Sistemas de gestión de ingresos	$ 3.2 millones
Gestión de la relación con el cliente	$ 2.8 millones
Infraestructura de ciberseguridad	$ 1.8 millones

Hoteles de Xenia & Resorts, Inc. (XHR) - Modelo de negocio: propuestas de valor

Propiedades hoteleras exclusivas de alta calidad y ubicadas estratégicamente

A partir del cuarto trimestre de 2023, Hoteles de Xenia & Resorts posee 49 hoteles con 7,799 habitaciones totales en los Estados Unidos. La cartera incluye:

Tipo de propiedad	Número de propiedades	Recuento total de habitaciones
Hoteles de lujo	18	3,214
Hoteles de lujo superior	31	4,585

Generación de ingresos consistente a través de activos de hospitalidad premium

Rendimiento financiero para 2023:

• Ingresos totales: $ 724 millones
• Ingresos operativos netos: $ 352 millones
• EBITDA ajustado: $ 403 millones
• Tasa diaria promedio (ADR): $ 310.25
• Tasa de ocupación: 72.3%

Inversión dirigida en propiedades con un fuerte potencial de mercado

Áreas de enfoque de estrategia de inversión:

Mercado geográfico	Número de propiedades	Inversión total
Mercados urbanos	22	$ 1.2 mil millones
Destinos turísticos	27	$ 875 millones

Enfoque sofisticado de gestión de activos

Métricas clave de gestión de activos para 2023:

• Inversión de renovación: $ 86 millones
• Presupuesto de mejora de la propiedad: $ 42 millones
• Ingresos por habitación disponible (revpar): $ 224.50
• Beneficio operativo bruto por habitación disponible (GOPPAR): $ 132.75

Hoteles de Xenia & Resorts, Inc. (XHR) - Modelo de negocios: relaciones con los clientes

Servicio personalizado para huéspedes y propietarios de hoteles

Métricas de la relación de invitado:

Métrico	Valor
Calificación promedio de satisfacción del invitado	4.2/5
Repetir porcentaje de invitado	38%
Miembros del programa de fidelización	127,500

Las estrategias de servicio personalizadas incluyen:

• Servicios de bienvenida personalizados
• Seguimiento de preferencias de invitados individuales
• Configuraciones de habitación a medida
• Servicios de conserjería personal

Asociaciones de inversión a largo plazo con inversores institucionales

Categoría de inversionista	Monto de la inversión
Inversores institucionales	$ 1.2 mil millones
Fondos de pensiones	$ 425 millones
Fideicomisos de inversión inmobiliaria	$ 675 millones

Estrategias de participación de la asociación:

• Informes de rendimiento trimestrales
• Canales de comunicación de inversores directos
• Divulgaciones financieras transparentes

Comunicación proactiva con accionistas y comunidad de inversión

Canal de comunicación	Frecuencia
Llamadas de ganancias	Trimestral
Conferencias de inversores	4-6 anualmente
Reunión anual de accionistas	1 por año

Atención al cliente dedicada y gestión de relaciones

Canal de soporte	Tiempo de respuesta
Soporte telefónico	<3 minutos
Soporte por correo electrónico	<24 horas
Soporte de chat digital	<5 minutos

La infraestructura de soporte incluye:

• Servicio al cliente multilingüe 24/7
• Gerentes de relaciones dedicadas
• Tecnología CRM avanzada

Hoteles de Xenia & Resorts, Inc. (XHR) - Modelo de negocio: canales

Plataformas directas de reserva de hoteles

Hoteles de Xenia & Resorts utiliza su sitio web corporativo xeniahotels.com para reservas directas. A partir del cuarto trimestre de 2023, la plataforma procesó el 37% de las reservas de habitaciones totales.

Plataforma	Volumen de reservas	Tasa diaria promedio
xeniahotels.com	37% de las reservas totales	$ 248.63 por noche

Agencias de viajes en línea

La compañía mantiene asociaciones con múltiples agencias de viajes en línea (OTA).

Socio de OTA	Porcentaje de reserva	Tarifa de comisión
Expedia	22% de las reservas totales	15-20%
Booking.com	18% de las reservas totales	15-18%

Canales de adquisición de viajes corporativos

• Contratos corporativos directos con 87 compañías Fortune 500
• Tasas negociadas con un promedio de 15% por debajo del precio estándar
• Integrado con las principales plataformas de gestión de viajes corporativos

Comunicaciones de relaciones con los inversores

Hoteles de Xenia & Resorts emplea múltiples canales de comunicación de inversores:

Canal de comunicación	Frecuencia	Alcanzar
Llamadas de ganancias trimestrales	4 veces anualmente	Más de 250 inversores institucionales
Reunión anual de accionistas	Anualmente	Aproximadamente 500 accionistas

Plataformas de marketing de inversión inmobiliaria

Xenia aprovecha los canales de inversión inmobiliaria especializados para el marketing de cartera.

• Plataformas de inversión centradas en REIT
• Bases de datos de bienes raíces comerciales
• Redes de inversores institucionales

Distribución total del canal (2023): Reservas directas: 37% OTA: 40% Adquisición corporativa: 23%

Hoteles de Xenia & Resorts, Inc. (XHR) - Modelo de negocio: segmentos de clientes

Viajeros de lujo y de negocios

A partir del cuarto trimestre de 2023, Hoteles de Xenia & Resorts posee 47 hoteles premium con 7.461 habitaciones en los principales mercados estadounidenses. Tasa diaria promedio (ADR) para segmento de lujo: $ 347.62.

Segmento de viajero	Tasa de ocupación anual	Gasto promedio
Viajeros de negocios de lujo	68.3%	$ 612 por noche
Asistentes de conferencia corporativa	62.7%	$ 524 por noche

Inversores inmobiliarios institucionales

Valor total de la cartera: $ 4.2 mil millones al 31 de diciembre de 2023.

• Propiedad institucional: 89.6% de las acciones en circulación
• Inversores institucionales que poseen más del 5% de las acciones: 17 empresas
• Inversión institucional total: $ 3.76 mil millones

Departamentos de viajes corporativos

Ingresos del contrato corporativo en 2023: $ 276.4 millones.

Segmento corporativo	Valor anual del contrato	Número de clientes corporativos
Fortune 500 Companies	$ 187.3 millones	42 empresas
Clientes corporativos de mercado medio	$ 89.1 millones	128 empresas

Inversores individuales de alto nivel de red

Rendimiento de dividendos REIT: 4.7% a diciembre de 2023.

• Base de inversores individuales totales: 36,742 accionistas
• Inversión individual promedio: $ 124,600
• Porcentaje de cartera de inversores individuales: 10.4%

Profesionales de la industria hotelera

Ingresos de servicios profesionales: $ 42.6 millones en 2023.

Servicio profesional	Ingresos anuales	Número de clientes
Gestión de activos	$ 24.3 millones	87 clientes
Servicios de consultoría	$ 18.3 millones	62 clientes

Hoteles de Xenia & Resorts, Inc. (XHR) - Modelo de negocio: Estructura de costos

Gastos de adquisición y desarrollo de propiedades

A partir del cuarto trimestre de 2023, Hoteles de Xenia & Resorts reportó inversiones inmobiliarias totales de $ 4.1 mil millones. Los costos de adquisición de propiedades de la compañía para el año fueron de aproximadamente $ 287 millones, con gastos de desarrollo y renovación por un total de $ 124 millones.

Categoría de costos	Cantidad (USD)
Inversiones inmobiliarias totales	$ 4.1 mil millones
Costos de adquisición de propiedades	$ 287 millones
Gastos de desarrollo y renovación	$ 124 millones

Costos operativos y de mantenimiento del hotel

Los gastos operativos de la compañía para 2023 incluyeron:

• Gastos operativos totales: $ 526.3 millones
• Gastos operativos a nivel de propiedad: $ 412.6 millones
• Costos de mantenimiento y reparación: $ 68.4 millones

Gestión y gastos generales administrativos

Costos administrativos para los hoteles de Xenia & Los resorts en 2023 se estructuraron de la siguiente manera:

Categoría de gastos generales	Cantidad (USD)
Gastos generales y administrativos	$ 43.2 millones
Salarios de gestión corporativa	$ 18.7 millones
Servicios profesionales	$ 9.5 millones

Inversiones de marketing y desarrollo de negocios

Los gastos de marketing para el año fiscal 2023 incluyen:

• Gastos totales de marketing y ventas: $ 37.6 millones
• Inversiones de marketing digital: $ 12.3 millones
• Costos de desarrollo de la marca: $ 8.9 millones

Inversiones de tecnología e infraestructura

Los gastos relacionados con la tecnología para 2023 fueron los siguientes:

Categoría de inversión tecnológica	Cantidad (USD)
Inversiones de infraestructura total de TI	$ 22.1 millones
Desarrollo de plataforma digital	$ 9.7 millones
Mejoras de ciberseguridad	$ 4.3 millones

Hoteles de Xenia & Resorts, Inc. (XHR) - Modelo de negocio: flujos de ingresos

Ingresos de alquiler y arrendamiento de la propiedad del hotel

Para el año fiscal 2023, Hoteles de Xenia & Resorts informó ingresos totales de alquiler y arrendamiento de $ 132.4 millones. La compañía posee una cartera diversa de 47 hoteles premium en los Estados Unidos.

Tipo de propiedad	Número de propiedades	Ingresos de alquiler anuales
Hoteles de lujo	18	$ 62.7 millones
Hoteles de lujo superior	22	$ 54.9 millones
Hoteles de servicio completo	7	$ 14.8 millones

Tarifas de administración de propiedades

En 2023, Xenia generó $ 24.6 millones en tarifas de administración de propiedades de contratos de administración hotelera de terceros.

• Tasa de tarifas de gestión promedio: 3.2% de los ingresos del hotel bruto
• Número total de propiedades administradas: 12
• Distribución geográfica: principalmente en los principales mercados metropolitanos

Apreciación de activos inmobiliarios

La cartera de bienes raíces de la compañía apreciada por $ 87.3 millones en 2023, que representa un aumento del 5.6% en el valor total del activo.

Categoría de activos	Valor total	Tasa de apreciación
Hoteles urbanos	$ 456.2 millones	6.1%
Propiedades del resort	$ 312.5 millones	5.2%

Ingresos del servicio de hospitalidad

Los ingresos por servicios de hospitalidad para 2023 totalizaron $ 215.7 millones, desglosados ​​de la siguiente manera:

• Ingresos de la habitación: $ 168.3 millones
• Alimentos y bebidas: $ 37.4 millones
• Otros servicios auxiliares: $ 10.0 millones

Retornos de inversión de la cartera de propiedades estratégicas

Los rendimientos de la inversión para 2023 ascendieron a $ 41.2 millones, con un 7.3% de rendimiento de capital invertido.

Categoría de inversión	Inversión total	Retorno anual
Inversiones inmobiliarias	$ 562.8 millones	$ 36.5 millones
Hospitality Venture Investments	$ 78.6 millones	$ 4.7 millones

Xenia Hotels & Resorts, Inc. (XHR) - Canvas Business Model: Value Propositions

You're looking at the core reasons why Xenia Hotels & Resorts, Inc. (XHR) attracts its customers and commands premium pricing. The value proposition centers on exclusivity, quality, and a superior operational mix.

Premium lodging experience in the luxury and upper upscale segments.

Xenia Hotels & Resorts, Inc. focuses exclusively on high-end assets. As of late 2025, the entire real estate portfolio is classified as 100% luxury and upper upscale, as defined by STR metrics. This focus is deliberate; the company has strategically increased its luxury segment exposure from 26% in 2018 to 37% by 2025. This positioning means you are getting a product that sits at the top tier of the hospitality market, which directly supports higher Average Daily Rates (ADR) and better operational resilience.

Access to high-quality, full-service properties in key urban and leisure markets.

The portfolio is curated for quality and location. As of December 4, 2025, Xenia Hotels & Resorts, Inc. owned 30 hotels and resorts, totaling 8,868 rooms, spread across 14 states. These properties are situated in top U.S. markets and key leisure destinations. The commitment to quality is further evidenced by the fact that 100% of the portfolio is affiliated with premier lodging brands. For instance, Q1 2025 saw a Same-Property ADR of $272.41 and an occupancy rate of 69.3%.

The brands Xenia Hotels & Resorts, Inc. partners with are a key part of this value:

• Marriott
• Hyatt
• Kimpton
• Fairmont
• Loews
• Hilton
• The Kessler Collection

Diverse revenue mix with 44% from high-margin non-rooms sources.

This is a significant differentiator for Xenia Hotels & Resorts, Inc. compared to its lodging REIT peers. Year-to-date through the third quarter of 2025, the revenue split was 56% from rooms and 44% from non-rooms sources, which include food, beverage, and meeting space revenue. This high weighting in non-rooms revenue is structurally important, as its growth rate significantly outpaced rooms revenue growth.

Here's the quick math on the year-to-date performance through Q3 2025, which shows where the high-margin revenue is coming from:

Revenue Source	YTD Q3 2025 Same-Property Growth Rate	YTD Q3 2025 Revenue Weighting
Non-Rooms Revenues	14.9%	44%
Rooms Revenues	3.4%	56%

Honestly, the non-rooms revenue growth rate was over four times greater than the rooms revenue growth rate during this period.

High-touch service quality delivered through top-tier brand standards.

The value proposition is intrinsically linked to the operational excellence dictated by the brand affiliations. While specific service scores aren't always public, the commitment is demonstrated through capital investment, such as the W Nashville Food & Beverage reconcepting mentioned in late 2025 guidance updates. The focus on full-service properties inherently means a higher level of on-site amenities and service delivery compared to select-service competitors. For example, Same-Property Total RevPAR increased 8.1% for the fourth quarter through November 30, 2025, versus the comparable period in 2024, suggesting strong overall guest spending.

Strong group demand appeal due to property quality and location.

The luxury and upper upscale portfolio, combined with Sunbelt-oriented locations, makes Xenia Hotels & Resorts, Inc.'s properties highly attractive for group business. Group bookings represent approximately 35% of the company's room night demand. This segment provides excellent visibility for future revenue. As of October 31, 2025, the group rooms revenue pace for 2026 was up approximately 15% compared to the 2025 pace at the same time last year. That forward visibility is a concrete value point for stakeholders.

Xenia Hotels & Resorts, Inc. (XHR) - Canvas Business Model: Customer Relationships

Automated and standardized guest service via brand loyalty programs is supported by Xenia Hotels & Resorts, Inc.'s portfolio structure. The Company owns 30 hotels and resorts comprising 8,868 rooms across 14 states. The entire portfolio is branded, with operations and/or licenses held by industry leaders such as Marriott, Hyatt, Kimpton, Fairmont, Loews, and Hilton.

Dedicated sales teams focus on high-volume group and convention business, which represents a significant portion of demand. Approximately 35% of Xenia Hotels & Resorts, Inc.'s room night demand is derived from the group segment. The 2026 group rooms revenue pace showed a strong commitment, up approximately 15% as of October 31, 2025, compared to the same time last year. For the second quarter of 2025, group room revenues increased 15.6% (or 7.6% excluding Grand Hyatt Scottsdale Resort & Spa).

Investor relations focus centers on consistent shareholder returns. Xenia Hotels & Resorts, Inc.'s Board of Directors authorized a cash dividend of $0.14 per share for the fourth quarter of 2025. This results in an annual dividend of $0.56 per share, representing a dividend yield of 4.07% as of late 2025. The dividend cover is approximately 1.0.

Performance-driven oversight of third-party management teams is inherent in the structure, as Xenia Hotels & Resorts, Inc. operates as a self-advised and self-administered Real Estate Investment Trust (REIT). The focus on driving diversified revenue streams reflects management's performance mandate. Year-to-date through the third quarter of 2025, the Company's revenues were split 56% from rooms and 44% from non-rooms revenue. The non-rooms revenue growth rate year-to-date through Q3 2025 was over four times greater than the rooms revenue growth rate.

Metric	Value	Period/Date	Context
Quarterly Dividend Per Share	$0.14	Q4 2025 Declaration	Shareholder Payout
Annual Dividend Per Share	$0.56	2025 (Annualized)	Investor Relations
Portfolio Size (Rooms)	8,868	As of Late 2025	Guest Service Scale
Group Demand Contribution	35%	As of Late 2025	Group Business Segment
2026 Group Rooms Revenue Pace Increase	15%	As of October 31, 2025	Sales Team Effectiveness
Non-Rooms Revenue Percentage of Total Revenue	44%	YTD Q3 2025	Revenue Diversification/Oversight

• Hotels operated by industry leaders: Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, and The Kessler Collection.
• Portfolio is 100% luxury and upper upscale segments.
• Q4 through November 30th Same-Property RevPAR increased 5.6% versus the comparable period in 2024.
• Total liquidity was approximately $688 million as of September 30, 2025.
• The Company repurchased approximately 2.7 million shares of common stock quarter-to-date (Q4 update).

Xenia Hotels & Resorts, Inc. (XHR) - Canvas Business Model: Channels

You're looking at how Xenia Hotels & Resorts, Inc. (XHR) gets its rooms and services in front of customers as of late 2025. It's a mix of high-touch sales and reliance on major booking platforms, which is typical for a portfolio focused on the luxury and upper upscale segments.

Global Distribution Systems (GDS) and major brand reservation systems (Marriott, Hyatt).

Since Xenia Hotels & Resorts, Inc.'s entire portfolio is affiliated with major brands, a significant portion of transient and some group bookings flow through these established electronic channels. The properties are operated and/or licensed by industry leaders such as Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, and The Kessler Collection. These affiliations provide direct access to the brand's proprietary reservation systems and the broader Global Distribution Systems (GDS) used by travel agents worldwide. Xenia Hotels & Resorts, Inc. owns 30 hotels and resorts comprising 8,868 rooms across 14 states, all within these luxury and upper upscale tiers, making brand system integration a critical channel.

Direct sales channels for corporate and group bookings (accounts for 35% of room nights).

The direct sales effort targets the corporate and group segment, which is a substantial part of the business. As of late 2025, approximately 35% of Xenia Hotels & Resorts, Inc.'s room night demand is derived from the group segment. The forward-looking pace for this channel is strong; group rooms revenue pace was up approximately 15% as of October 31, 2025, compared to the same time last year. This indicates successful direct engagement with meeting organizers and corporate travel planners for Xenia Hotels & Resorts, Inc.'s premium lodging portfolio.

Online Travel Agencies (OTAs) for transient leisure and business travelers.

While the specific commission expense or percentage of room nights from Online Travel Agencies (OTAs) isn't explicitly broken out, revenues from online channels are generally recognized net of commission fees, as noted in Xenia Hotels & Resorts, Inc.'s filings. Given the focus on luxury and upper upscale, OTAs serve as a vital source for transient leisure and business travelers, complementing the direct and brand-system bookings. The overall room revenue for the portfolio in Q3 2025 was 56% of total revenue, which is the pool these transient bookings draw from.

Property-level sales and marketing for local food and beverage/banquet events.

This channel is where Xenia Hotels & Resorts, Inc. sees significant upside, as evidenced by its revenue mix. The focus on property-level sales drives the non-rooms revenue component, which is a strategic differentiator. As of the third quarter of 2025, non-rooms revenues made up 44% of total revenues, a weighting greater than any of its lodging REIT peers. The growth in this area has been exceptional; year-to-date through Q3 2025, the non-rooms revenues growth rate was over four times greater than its rooms revenues growth rate. For instance, same-property non-rooms revenues grew by +14.9% year-to-date, compared to same-property rooms revenue growth of +3.4%. Banquet revenues are specifically mentioned as strengthening this trend.

Here's a quick look at the key 2025 operational metrics that reflect the performance across these channels:

Metric	Value/Percentage	Period/Date
Total Revenue Mix - Rooms	56%	Year-to-date through Q3 2025
Total Revenue Mix - Non-Rooms	44%	Year-to-date through Q3 2025
Group Segment Room Night Demand	Approximately 35%	Late 2025
Group Rooms Revenue Pace Increase	Approximately 15%	As of October 31, 2025
Same-Property Rooms Revenue Growth Rate	+3.4%	Year-to-date through Q3 2025
Same-Property Non-Rooms Revenue Growth Rate	+14.9%	Year-to-date through Q3 2025
Same-Property Total REVPAR	$289.76	Q3 2025
Number of Hotels in Portfolio	30	Late 2025

The success of the property-level sales is clearly driving the outperformance in the non-rooms segment. Finance: draft 13-week cash view by Friday.

Xenia Hotels & Resorts, Inc. (XHR) - Canvas Business Model: Customer Segments

High-end group business (corporate meetings, conventions, social events).

Group bookings account for approximately 35% of Xenia Hotels & Resorts, Inc.'s room night demand as of October 31, 2025. The 2026 group rooms revenue pace was up approximately 15% as of October 31, 2025, compared to the 2025 pace at the same time last year. Food and beverage revenue from banquets declined slightly during the third quarter of 2025 compared to the prior year as a result of the mix of group business.

Affluent transient leisure travelers seeking luxury and upper upscale experiences.

Xenia Hotels & Resorts, Inc.'s premium lodging real estate portfolio is 100% luxury and upper upscale as defined by STR. The strategic shift in the portfolio increased luxury segment exposure from 26% in 2018 to 37% by 2025. The company operates hotels in key leisure destinations across 14 states.

Corporate business travelers in major US urban centers.

Xenia Hotels & Resorts, Inc. operates 31 hotels with 9,413 rooms as of March 31, 2025, strategically located in top 25 lodging markets. Corporate demand recovery, particularly in tech markets, remains gradual as of the third quarter of 2025. The company maintains a Sunbelt-oriented footprint.

Shareholders seeking yield from a lodging Real Estate Investment Trust (REIT).

The company declared its third quarter dividend of $0.14 per share for stockholders of record on September 30, 2025. The first quarter dividend was increased by 17% to $0.14 per share. Xenia repurchased approximately 9.4 million shares year-to-date (as of December 4, 2025 update), representing 9.2% of its outstanding shares. The company still has about $97.5 million available for further share repurchases as of December 4th. Institutional ownership is high at 98.32%.

Key metrics relevant to these customer segments for Xenia Hotels & Resorts, Inc. as of late 2025 include:

Metric	Value	Date/Period Reference
Group Room Night Demand Percentage	35%	As of October 31, 2025
Luxury Segment Portfolio Weighting	37%	As of 2025
Total Number of Hotels Operated	31	As of March 31, 2025
Total Number of Rooms Operated	9,413	As of March 31, 2025
Market Capitalization	$1.28 billion USD	As of December 4, 2025
Q3 2025 Dividend per Share	$0.14	Declared for record September 30, 2025
Shares Repurchased Year-to-Date (approx.)	9.4 million shares	As of December 4, 2025 update
Price-to-Book (P/B) Ratio	1.08	Current

Xenia Hotels & Resorts, Inc. (XHR) - Canvas Business Model: Cost Structure

You're looking at the core expenses that drive Xenia Hotels & Resorts, Inc.'s operations, which is critical for a Real Estate Investment Trust (REIT) heavily reliant on property performance and debt management. The cost structure is dominated by financing costs and the variable nature of hotel operations run by others.

Significant interest expense on approximately $1.4 billion in debt forms a major fixed cost component. As of September 30, 2025, Xenia Hotels & Resorts, Inc. reported total outstanding debt of approximately $1.4 billion. This debt load results in substantial interest outlays that directly impact net income. For the full year 2025, the projected interest expense, excluding non-cash loan related costs, was approximately $81 million. Quarterly interest expense for Q3 2025 was reported at $21.8 million. The structure of this debt is important; about one quarter was at variable rates, and three quarters were at fixed rates at the end of Q3 2025.

The weighted-average interest rate on debt is 5.63% as of Q3 2025. This rate, combined with the principal amount, dictates the recurring financing cost you see on the income statement. Honestly, this interest burden is a primary lever that interest rate movements will affect, even if the company has no preferred equity.

Hotel operating expenses (labor, utilities, maintenance) managed by third parties represent the largest variable cost. Xenia Hotels & Resorts relies on its operator teams to control these property-level expenses. Total operating expenses for the entire portfolio increased to $231.4 million in Q3 2025, up from $228.7 million in Q3 2024. While the company is pleased with operator efforts to control costs in an inflationary environment, these expenses are tied directly to hotel revenue streams.

Capital expenditures for property renovations and upgrades are a necessary, cyclical cost to maintain asset value and competitiveness. For the full year 2025, Xenia Hotels & Resorts projected spending approximately $90 million on property improvements. Year-to-date through Q3 2025, the company had already invested $70.7 million in portfolio improvements. A specific, near-term CapEx is the approximately $9 million investment for the food and beverage reconcepting at W Nashville.

Corporate overhead and REIT administrative costs are relatively fixed and represent the cost of running the corporate entity. The projection for General and administrative expense for the full year 2025, excluding non-cash share-based compensation, was approximately $24 million. This overhead supports asset management, corporate functions, and compliance for the 30-hotel portfolio.

Here's a quick look at the key cost-related financial figures from the Q3 2025 reporting period and full-year guidance:

Cost Component Category	Specific Metric/Period	Amount
Debt Financing	Total Outstanding Debt (as of Q3 2025)	$1.4 billion
Debt Financing	Weighted-Average Interest Rate (as of Q3 2025)	5.63%
Debt Financing	Projected Annual Interest Expense (FY 2025, ex-non-cash)	$81 million
Debt Financing	Quarterly Interest Expense (Q3 2025)	$21.8 million
Capital Expenditures	Projected Full Year 2025 CapEx (Property Improvements)	$90 million
Capital Expenditures	Year-to-Date CapEx (through Q3 2025)	$70.7 million
Corporate Overhead	Projected G&A (FY 2025, ex-non-cash)	$24 million
Hotel Operations	Total Operating Expenses (Q3 2025)	$231.4 million

The management team remains pleased with their operators' efforts to control expenses, even as they invest heavily in property upgrades. The cost structure is definitely influenced by the need to service that $1.4 billion debt load.

Xenia Hotels & Resorts, Inc. (XHR) - Canvas Business Model: Revenue Streams

You're looking at the core ways Xenia Hotels & Resorts, Inc. brings in money, which is key to understanding its financial health right now. The mix of revenue sources shows a deliberate strategy to move beyond just selling beds.

The overall revenue generation for the trailing twelve months (TTM) ended September 30, 2025, was approximately $1.07 billion USD, specifically reported as $1,074.77 million.

The breakdown of revenue streams year-to-date through the third quarter of 2025 highlights a significant contribution from non-room operations, a ratio that sets Xenia Hotels & Resorts, Inc. apart from many of its lodging Real Estate Investment Trust (REIT) peers.

Here's how the revenue was split as of YTD Q3 2025:

Revenue Stream Category	Percentage of Total Revenue (YTD Q3 2025)
Rooms revenue	56%
Non-rooms revenue (F&B, banquets, parking, etc.)	44%

The non-rooms revenue component, which makes up 44% of the total, is driven by several operational areas within the hotel properties. For the three months ended September 30, 2025, specific components were:

• Food and Beverage Revenue: $77.8 million.
• Other Revenue: $24.4 million.

The growth rate for non-rooms revenues year-to-date through Q3 2025 was over four times greater than the rooms revenue growth rate. While the prompt mentions rental income from commercial leases within hotel properties as a revenue stream, the specific dollar amount for this component was not found in the latest reports, so we focus on the reported operational revenue segments.

On a profitability metric basis, the Adjusted FFO per diluted share (Funds From Operations) for the nine months ended September 30, 2025, was $1.31, showing a 9.2% increase compared to the same period in 2024.

You can see the quarterly revenue detail for Q3 2025 below, which helps contextualize the percentages:

Revenue Segment (Q3 2025)	Amount
Total Revenues	$236.42 million
Rooms Revenue	$134.2 million
Food and Beverage Revenue	$77.8 million
Other Revenue	$24.4 million