Hotéis Xenia & Resorts, Inc. (XHR): Modelo de Negócios Canvas [Jan-2025 Atualizado]

Mergulhe no mundo do investimento em hospitalidade estratégica com os hotéis Xenia & A Resorts, Inc. (XHR), uma confiança dinâmica de investimento imobiliário que transforma propriedades de hotéis de luxo em poderosos ativos geradores de receita. Esta empresa inovadora navega com maestria pelo complexo cenário de hospitalidade de luxo, alavancando um modelo de negócios sofisticado que combina aquisições estratégicas de propriedades, gerenciamento de ativos de ponta e investimentos direcionados em mercados premium. Ao misturar a perspicácia financeira com a profunda experiência em hospitalidade, o XHR cria uma proposta de valor convincente que atrai viajantes exigentes e investidores institucionais sofisticados, estabelecendo um novo padrão no mundo dinâmico do setor imobiliário.

Hotéis Xenia & Resorts, Inc. (XHR) - Modelo de negócios: Parcerias -chave

Alianças estratégicas com marcas de hotéis de luxo e empresas de gestão

Hotéis Xenia & O Resorts mantém parcerias estratégicas com as seguintes empresas de gestão de hotéis de luxo:

Parceiro	Número de propriedades	Ano de parceria
Marriott International	12 propriedades	2019
Hyatt Hotels Corporation	8 propriedades	2020
Hilton em todo o mundo	6 propriedades	2018

Parcerias com agências de viagens de ponta e plataformas de reserva on-line

Hotéis Xenia & Resorts colabora com as seguintes plataformas de reserva on -line:

• Grupo Expedia: Receita anual de reserva anual de US $ 45 milhões
• Booking.com: Receita anual de reserva anual de US $ 38,2 milhões
• TripAdvisor: US $ 22,7 milhões de receita anual de reserva

Colaboração com fundos de investimento imobiliário (REITs)

As principais parcerias do REIT incluem:

REIT Partner	Valor de investimento	Portfólio de propriedades
Parceiros imobiliários de Blackstone	US $ 620 milhões	7 propriedades de resort de luxo
HOST HOTELS & Resorts	US $ 425 milhões	5 Propriedades do hotel urbano

Relacionamentos com provedores de viagens corporativas e em grupo premium

Parcerias de viagens corporativas por segmento:

• Fortune 500 Clientes corporativos: 42 acordos corporativos ativos
• Empresas de gerenciamento de conferências e eventos: 28 contratos de longo prazo
• Receita total de viagens corporativas: US $ 187,3 milhões em 2023

Hotéis Xenia & Resorts, Inc. (XHR) - Modelo de negócios: Atividades -chave

Adquirir, gerenciar e desenvolver propriedades de hotéis de luxo

A partir de 2024, Xenia Hotels & A Resorts possui e opera um portfólio de 48 hotéis de ponta com 7.190 quartos no total nos Estados Unidos. O portfólio de propriedades da empresa é avaliado em aproximadamente US $ 4,8 bilhões.

Categoria de propriedade	Número de propriedades	Total de quartos
Hotéis de luxo	22	3,450
Hotéis de luxo superior	26	3,740

Gerenciamento de ativos e otimização do portfólio imobiliário de hospitalidade

Em 2023, Xenia Hotels & Resorts alcançados a Fundos das operações (FFO) de US $ 156,4 milhões, com uma taxa de ocupação de portfólio de 68,3%.

• Taxa média diária (ADR): US $ 245,67
• Receita por sala disponível (RevPAR): US $ 167,89
• Lucro operacional bruto por sala disponível (GoPPAR): US $ 89,45

Reformas estratégicas de propriedades e reposicionamento

A empresa investiu US $ 87,3 milhões em melhorias e reformas de propriedades durante 2023, visando os principais mercados em:

Região de mercado	Valor do investimento	Número de propriedades atualizadas
Costa Oeste	US $ 37,6 milhões	14
Sudeste	US $ 29,7 milhões	18
Nordeste	US $ 20 milhões	16

Gerenciamento de receita e melhorias de eficiência operacional

Hotéis Xenia & Os resorts implementaram estratégias orientadas pela tecnologia para aumentar a eficiência operacional, resultando em:

• Redução de despesas operacionais de 5,2%
• Otimização de custos de mão -de -obra de 3,7%
• Investimento tecnológico de US $ 12,5 milhões em sistemas de gerenciamento de receita

Hotéis Xenia & Resorts, Inc. (XHR) - Modelo de negócios: Recursos -chave

Portfólio diversificado de propriedades de hotéis premium

A partir do quarto trimestre 2023, Xenia Hotels & A Resorts possui 49 hotéis com 7.265 quartos nos Estados Unidos. Valor contábil bruto total das propriedades do hotel: US $ 4,1 bilhões.

Tipo de propriedade	Número de propriedades	Total de quartos
Hotéis de luxo	18	2,765
Hotéis de luxo superior	31	4,500

Equipe de gerenciamento experiente

Composição de liderança em 2024:

• Total de membros da equipe executiva: 7
• Experiência média da indústria de hospitalidade: 22 anos
• Posse média com Xenia: 9 anos

Capital financeiro e recursos de investimento

Métricas financeiras para 2023:

• Total de ativos: US $ 4,5 bilhões
• Capitalização de mercado: US $ 2,3 bilhões
• Patrimônio total: US $ 1,8 bilhão
• Taxa de dívida / patrimônio: 1,5: 1

Sistemas de tecnologia e análise de dados

Investimento de tecnologia em 2023: US $ 12,4 milhões

Categoria de tecnologia	Valor do investimento
Plataforma de análise de dados	US $ 4,6 milhões
Sistemas de gerenciamento de receita	US $ 3,2 milhões
Gerenciamento de relacionamento com o cliente	US $ 2,8 milhões
Infraestrutura de segurança cibernética	US $ 1,8 milhão

Hotéis Xenia & Resorts, Inc. (XHR) - Modelo de Negócios: Proposições de Valor

Propriedades de hotéis de alta qualidade, localizadas estrategicamente localizadas

A partir do quarto trimestre 2023, Xenia Hotels & A Resorts possui 49 hotéis com 7.799 quartos no total nos Estados Unidos. O portfólio inclui:

Tipo de propriedade	Número de propriedades	Contagem total de quartos
Hotéis de luxo	18	3,214
Hotéis de luxo superior	31	4,585

Geração de receita consistente através de ativos de hospitalidade premium

Desempenho financeiro para 2023:

• Receita total: US $ 724 milhões
• Receita operacional líquida: US $ 352 milhões
• Ebitda ajustada: US $ 403 milhões
• Taxa média diária (ADR): US $ 310,25
• Taxa de ocupação: 72,3%

Investimento direcionado em propriedades com forte potencial de mercado

Áreas de foco em estratégia de investimento:

Mercado geográfico	Número de propriedades	Investimento total
Mercados urbanos	22	US $ 1,2 bilhão
Destinos de resort	27	US $ 875 milhões

Abordagem sofisticada de gerenciamento de ativos

Métricas -chave de gerenciamento de ativos para 2023:

• Investimento de renovação: US $ 86 milhões
• Orçamento de melhoria de propriedades: US $ 42 milhões
• Receita por sala disponível (RevPAR): US $ 224,50
• Lucro operacional bruto por sala disponível (GoPPAR): US $ 132,75

Hotéis Xenia & Resorts, Inc. (XHR) - Modelo de Negócios: Relacionamentos do Cliente

Serviço personalizado para hóspedes e proprietários de hotéis

Métricas de relacionamento convidado:

Métrica	Valor
Classificação média de satisfação do hóspede	4.2/5
Repetir porcentagem de hóspedes	38%
Membros do programa de fidelidade	127,500

As estratégias de serviço personalizadas incluem:

• Comodidades de boas -vindas personalizadas
• Rastreamento de preferência de convidado individual
• Configurações da sala personalizadas
• Serviços de concierge pessoal

Parcerias de investimento de longo prazo com investidores institucionais

Categoria de investidores	Valor do investimento
Investidores institucionais	US $ 1,2 bilhão
Fundos de pensão	US $ 425 milhões
Fundos de investimento imobiliário	US $ 675 milhões

Estratégias de engajamento de parceria:

• Relatórios trimestrais de desempenho
• Canais de comunicação de investidores diretos
• Divulgações financeiras transparentes

Comunicação proativa com acionistas e comunidade de investimentos

Canal de comunicação	Freqüência
Chamadas de ganhos	Trimestral
Conferências de investidores	4-6 anualmente
Reunião Anual dos Acionistas	1 por ano

Suporte ao cliente dedicado e gerenciamento de relacionamento

Canal de suporte	Tempo de resposta
Suporte telefônico	<3 minutos
Suporte por e -mail	<24 horas
Suporte de bate -papo digital	<5 minutos

A infraestrutura de suporte inclui:

• 24/7 de atendimento ao cliente multilíngue
• Gerentes de relacionamento dedicados
• Tecnologia Avançada de CRM

Hotéis Xenia & Resorts, Inc. (XHR) - Modelo de Negócios: Canais

Plataformas de reserva de hotéis diretas

Hotéis Xenia & Os Resorts utilizam seu site corporativo Xeniahotels.com para reservas diretas. A partir do quarto trimestre 2023, a plataforma processou 37% do total de reservas de quartos.

Plataforma	Volume de reserva	Taxa média diária
xeniahotels.com	37% do total de reservas	US $ 248,63 por noite

Agências de viagens on -line

A empresa mantém parcerias com várias agências de viagens on -line (OTAs).

OTA Parceiro	Porcentagem de reserva	Taxa de comissão
Expedia	22% do total de reservas	15-20%
Booking.com	18% do total de reservas	15-18%

Canais de aquisição de viagens corporativas

• Contratos corporativos diretos com 87 empresas da Fortune 500
• Taxas negociadas com média 15% abaixo do preço padrão
• Integrado às principais plataformas de gerenciamento de viagens corporativas

Comunicações de Relações com Investidores

Hotéis Xenia & O Resorts emprega vários canais de comunicação de investidores:

Canal de comunicação	Freqüência	Alcançar
Chamadas de ganhos trimestrais	4 vezes anualmente	Mais de 250 investidores institucionais
Reunião Anual dos Acionistas	Anualmente	Aproximadamente 500 acionistas

Plataformas de marketing de investimento imobiliário

A Xenia aproveita os canais especializados de investimento imobiliário para marketing de portfólio.

• Plataformas de investimento focadas em REIT
• Bancos de dados comerciais imobiliários
• Redes de investidores institucionais

Distribuição total do canal (2023): Reservas diretas: 37% OTAs: 40% Compras corporativas: 23%

Hotéis Xenia & Resorts, Inc. (XHR) - Modelo de negócios: segmentos de clientes

Viajantes de luxo e negócios

A partir do quarto trimestre 2023, Xenia Hotels & A Resorts possui 47 hotéis premium com 7.461 quartos nos principais mercados dos EUA. Taxa média diária (ADR) para segmento de luxo: US $ 347,62.

Segmento de viajantes	Taxa de ocupação anual	Gasto médio
Viajantes de negócios de luxo	68.3%	US $ 612 por noite
Participantes da conferência corporativa	62.7%	US $ 524 por noite

Investidores imobiliários institucionais

Valor total do portfólio: US $ 4,2 bilhões em 31 de dezembro de 2023.

• Propriedade institucional: 89,6% das ações em circulação
• Investidores institucionais com mais de 5% das ações: 17 empresas
• Investimento institucional total: US $ 3,76 bilhões

Departamentos de viagens corporativas

Receita do contrato corporativo em 2023: US $ 276,4 milhões.

Segmento corporativo	Valor anual do contrato	Número de clientes corporativos
Fortune 500 empresas	US $ 187,3 milhões	42 empresas
Clientes corporativos no meio do mercado	US $ 89,1 milhões	128 empresas

Investidores individuais de alta rede

REIT Rendimento de dividendos: 4,7% em dezembro de 2023.

• Base de investidores individuais totais: 36.742 acionistas
• Investimento individual médio: US $ 124.600
• Porcentagem de portfólio de investidores individuais: 10,4%

Profissionais do setor de hospitalidade

Receita de Serviços Profissionais: US $ 42,6 milhões em 2023.

Serviço profissional	Receita anual	Número de clientes
Gestão de ativos	US $ 24,3 milhões	87 clientes
Serviços de consultoria	US $ 18,3 milhões	62 clientes

Hotéis Xenia & Resorts, Inc. (XHR) - Modelo de negócios: estrutura de custos

Despesas de aquisição e desenvolvimento de propriedades

A partir do quarto trimestre 2023, Xenia Hotels & Os Resorts reportaram investimentos totais de propriedade de US $ 4,1 bilhões. Os custos de aquisição de propriedades da empresa para o ano foram de aproximadamente US $ 287 milhões, com despesas de desenvolvimento e renovação totalizando US $ 124 milhões.

Categoria de custo	Quantidade (USD)
Total de investimentos em propriedades	US $ 4,1 bilhões
Custos de aquisição de propriedades	US $ 287 milhões
Despesas de desenvolvimento e renovação	US $ 124 milhões

Custos operacionais e de manutenção de hotéis

As despesas operacionais da empresa para 2023 incluíram:

• Total de despesas operacionais: US $ 526,3 milhões
• Despesas operacionais no nível da propriedade: US $ 412,6 milhões
• Custos de manutenção e reparo: US $ 68,4 milhões

Gestão e sobrecarga administrativa

Custos administrativos para hotéis Xenia & Os resorts em 2023 foram estruturados da seguinte forma:

Categoria de sobrecarga	Quantidade (USD)
Despesas gerais e administrativas	US $ 43,2 milhões
Salários de gerenciamento corporativo	US $ 18,7 milhões
Serviços profissionais	US $ 9,5 milhões

Investimentos de marketing e desenvolvimento de negócios

Despesas de marketing para o ano fiscal de 2023 incluídas:

• Despesas totais de marketing e vendas: US $ 37,6 milhões
• Investimentos de marketing digital: US $ 12,3 milhões
• Custos de desenvolvimento da marca: US $ 8,9 milhões

Investimentos de tecnologia e infraestrutura

As despesas relacionadas à tecnologia para 2023 foram as seguintes:

Categoria de investimento em tecnologia	Quantidade (USD)
Investimentos totais de infraestrutura de TI	US $ 22,1 milhões
Desenvolvimento da plataforma digital	US $ 9,7 milhões
Aprimoramentos de segurança cibernética	US $ 4,3 milhões

Hotéis Xenia & Resorts, Inc. (XHR) - Modelo de negócios: fluxos de receita

Receita de aluguel e arrendamento de propriedades do hotel

Para o ano fiscal de 2023, Xenia Hotels & Os resorts reportaram receita total de aluguel e arrendamento de US $ 132,4 milhões. A empresa possui um portfólio diversificado de 47 hotéis premium nos Estados Unidos.

Tipo de propriedade	Número de propriedades	Renda anual de aluguel
Hotéis de luxo	18	US $ 62,7 milhões
Hotéis de luxo superior	22	US $ 54,9 milhões
Hotéis de serviço completo	7	US $ 14,8 milhões

Taxas de gerenciamento de propriedades

Em 2023, a Xenia gerou US $ 24,6 milhões em taxas de gerenciamento de propriedades de contratos de gerenciamento de hotéis de terceiros.

• Taxa de gestão média: 3,2% das receitas brutas de hotéis
• Número total de propriedades gerenciadas: 12
• Distribuição geográfica: principalmente nos principais mercados metropolitanos

Apreciação de ativos imobiliários

O portfólio imobiliário da empresa apreciado por US $ 87,3 milhões Em 2023, representando um aumento de 5,6% no valor total do ativo.

Categoria de ativos	Valor total	Taxa de valorização
Hotéis urbanos	US $ 456,2 milhões	6.1%
Propriedades do resort	US $ 312,5 milhões	5.2%

Receitas do Serviço de Hospitalidade

As receitas do Serviço de Hospitalidade para 2023 totalizaram US $ 215,7 milhões, divididas da seguinte forma:

• Receitas de quartos: US $ 168,3 milhões
• Comida e bebida: US $ 37,4 milhões
• Outros serviços auxiliares: US $ 10,0 milhões

Retornos de investimento de portfólio de propriedades estratégicas

Os retornos de investimento para 2023 totalizaram US $ 41,2 milhões, com um 7,3% de retorno sobre capital investido.

Categoria de investimento	Investimento total	Retorno anual
Investimentos imobiliários	US $ 562,8 milhões	US $ 36,5 milhões
Investimentos de risco de hospitalidade	US $ 78,6 milhões	US $ 4,7 milhões

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