Xenia Hotels profits soar as luxury group demand drives 7% RevPAR growth

Xenia Hotels & Resorts (NYSE:XHR) reported robust financial results for the first quarter of 2026, driven by strong average daily rates (ADR) and a significant recovery in group bookings.

The Orlando-based REIT posted net income of $19.8 million, or $0.21 per share.

Performance was particularly strong on an operational basis, with adjusted EBITDA rising 11.6% year-over-year to $81.4 million and adjusted FFO per diluted share jumping 23.5% to $0.63.

The company’s "Same-Property" metrics highlighted a healthy luxury travel market.

Revenue per Available Room (RevPAR) increased 7.4% to $205.93, supported by a 4.8% increase in ADR and a 180-basis-point gain in occupancy.

Management noted that March was a standout month for the portfolio, delivering RevPAR growth of over 14%.

A primary contributor to the quarter's success was the record-breaking performance of the Grand Hyatt Scottsdale Resort, alongside increased transient demand across its sunbelt and urban markets.

Xenia’s balance sheet remains stable with approximately $601 million in total liquidity against $1.4 billion in total debt.

The company’s weighted average interest rate stands at 5.53%, and during the quarter, it successfully paid off a $52 million mortgage loan secured by the Grand Bohemian Hotel Orlando.

The Board of Directors also declared a quarterly dividend of $0.14 per share, maintaining the payout level established earlier in the year.