Xenia Hotels & Resorts Reports Fourth Quarter and Full Year 2022 Results
Fourth Quarter Adjusted EBITDAre: $64.6 million, increased 32.0% compared to the fourth quarter of 2021
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Fourth Quarter Adjusted EBITDAre: $64.6 million, increased 32.0% compared to the fourth quarter of 2021
Operating Income Triples Driving Adjusted EBITDAre Growth of 100% to $180.8 Million in 2022
Announces 60% increase in quarterly dividend to $0.08 per common share
Year End Net Income was $56.7 million compared to a Net Loss of $89.7 million in 2021
Portfolio Revenue Per Available Room (RevPAR) Increased 24 percent to $117 compared to the 2021 fourth quarter. Average daily rate (ADR) accelerated 20 percent to $171, and occupancy jumped 3 percent to 69 percent for the 38 comparable hotels owned as of December 31, 2022
Sustainable Revpar Recovery Above Pre-pandemic Level FY 2023 Group RevPar Expected up Between 5% and 9% LFL YOY Return of Dividend Distribution at 1.05 per Share
Stable 4th Quarter Ends a Strong Year
IHG Reports Full Year Results to 31 December 2022
RevPAR Exceeds 2019 for Third Consecutive Quarter; Full Year Performance Finishes at High End of Q3 Guidance
Company Exceeds Top End of Full-Year Outlook Grows Development Pipeline by 12% Increases Quarterly Dividend by 9% and Provides Full-Year 2023 Outlook