Xenia Hotels & Resorts, Inc. (XHR) Q1 2025 Earnings Call Transcript

Xenia Hotels & Resorts, Inc. (NYSE:XHR) Q1 2025 Earnings Conference Call May 2, 2025 1:00 PM ET

Company Participants

Aldo Martinez – Finance Manager
Marcel Verbaas – Chair and CEO
Barry Bloom – President and COO
Atish Shah – EVP and CFO

Conference Call Participants

Josh Friedland – KeyBanc Capital
Michael Bellisario – Baird
Ari Klein – BMO Capital Markets
Jack Armstrong – Wells Fargo

Operator

Hello, everyone, and welcome to the Xenia Hotels & Resorts, Inc. Q1 2025 Earnings Conference Call. My name is Carla, and I will be coordinating your call today. [Operator Instructions]

I would now like to hand you over to Aldo Martinez, Manager Finance, to begin. Please go ahead when you’re ready.

Aldo Martinez

Thank you, Carla and welcome to Xenia Hotels & Resorts first quarter 2025 earnings call and webcast. I’m here with Marcel Verbaas, our Chair and Chief Executive Officer; Barry Bloom, our President and Chief Operating Officer; and Atish Shah, our Executive Vice President and Chief Financial Officer.

Marcel will begin with a discussion on our performance and recent transactions. Barry will follow with more details on operating trends and capital expenditure projects. And Atish will conclude today’s remarks on our balance sheet and outlook. We will then open the call for Q&A.

Before we get started, let me remind everyone that certain statements made on this call are not historical facts and are considered forward-looking statements. These statements are subject to numerous risks and uncertainties as described in our annual report on Form 10-K and other SEC filings, which could cause our actual results to differ materially from those expressed in or implied by our comments.

Forward-looking statements in the earnings release that we issued this morning along with the comments on this call are made only as of today, May 2nd, 2025, and