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Stock impact report

Bull of the Day: Xenia Hotels (XHR) [Yahoo! Finance]

Xenia Hotels & Resorts, Inc. (XHR) 
Last xenia hotels & resorts, inc. earnings: 2/24 04:30 pm Check Earnings Report
US:NYSE Investor Relations: xeniareit.com
Company Research Source: Yahoo! Finance
This Zacks Rank #1 (Strong Buy) is expected to grow earnings in 2024. Xenia Hotels & Resorts is a REIT that specializes in luxury and upper upscale hotels and resorts. It owns 32 hotels comprising 9,514 rooms across 14 states. It's hotels are operated and/or licensed by industry leaders in hospitality such as Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, The Kessler Collection and Davidson. A Beat in the Fourth Quarter of 2023 On Feb 27, 2024, Xenia reported fourth quarter 2023 results and beat on the Zacks Consensus by $0.04. Earnings were $0.41 versus the Zacks Consensus of $0.37. Same-property RevPAR fell 3.4% to $157.69 year-over-year but excluding Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch, which is undergoing a $110 million transformative renovation, it would have seen RevPAR of $162.51. That's an increase of 1.2% compared to the fourth quarter of 2022. "Reflecting on 2023, our overall performance was supported by ongoing asset management initiatives as Show less Read more
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