Xenia Hotels & Resorts, Inc. (XHR) FY2025 10-K Annual Report

Filed: Feb 24, 2026
Real Estate
Hotels & MotelsSEC EDGAR

Xenia Hotels & Resorts, Inc. (XHR) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 24, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Xenia Hotels & Resorts, Inc. FY2025 10-K Analysis

Business Overview

  • Core business model: REIT investing in luxury and upper upscale hotels in top 25 U.S. lodging and leisure markets
  • Operates 94.4% ownership in Operating Partnership with remaining 5.6% held by executives and LTIP participants
  • Structure maintains third-party management through taxable REIT subsidiary (XHR Holding) to comply with REIT requirements
  • Focus on engaging eligible independent third-party hotel operators under management agreements
  • No new products, segments, or strategic shifts explicitly introduced in 2026 filing

Management Discussion & Analysis

  • Revenue details not explicitly stated; Net income $66.9M in 2025 vs $16.9M in 2024, $19.9M in 2023
  • Operating profitability: Adjusted EBITDAre $258.3M in 2025 vs $237.1M in 2024 and $251.7M in 2023
  • Best performing segment by EBITDAre: 2025 total $246.1M; no segment breakdown provided
  • Cash & liquidity: $140.4M cash + $82.7M restricted cash end 2025; $120.4M share repurchases in 2025; no dividend or capex amounts detailed
  • Forward-looking: Management expects liquidity from cash flow, revolving credit, potential asset sales; no formal guidance; focus on revenue/profit maximization, portfolio value enhancement, sustainable cash flow

Risk Factors

  • Operational risk: Dependence on third-party hotel managers under long-term agreements may affect quality of service and hotel performance
  • Geopolitical/macroeconomic threat: New competitive hotel supply from market development driven by construction costs and financing availability impacts RevPAR growth
  • Financial risk: Interest expense rose 7.2% to $86.7 million due to higher term loan debt and expiration of interest rate hedges in February 2025
  • Competitive risk: Intense local market competition from existing and new hotels and alternative accommodations challenges revenue and occupancy levels
  • Operational risk: Fixed expenses like personnel, rent and property taxes limit cost reduction capability during demand downturns, impacting cash flow and margins

Xenia Hotels & Resorts, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$1.1B

+3.8% YoY

Net Income

$63M

+290.8% YoY

Operating Margin

10.0%

+161bp YoY

Net Margin

5.8%

+430bp YoY

ROE

5.6%

+426bp YoY

Total Assets

$2.8B

-0.8% YoY

EPS (Diluted)

$0.64

+326.7% YoY

Operating Cash Flow

$177M

+7.8% YoY

Source: XBRL data from Xenia Hotels & Resorts, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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