Xenia Hotels & Resorts, Inc. is a self-advised and self-administered real estate investment trust (REIT) specializing in the ownership of luxury and upper upscale hotels and resorts. Headquartered in Orlando, Florida, the company focuses on acquiring and managing premium lodging facilities located in the top 25 lodging markets and key leisure destinations throughout the United States. As of recent filings, Xenia's portfolio comprises over 30 hotels with approximately 9,000 rooms across more than a dozen states.
The company's business model revolves around owning high-quality real estate assets while partnering with premier third-party hotel management companies and brands to operate them. Its properties are affiliated with globally recognized hospitality leaders, including Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, and Davidson. Revenue is primarily generated through room sales, with significant additional income derived from food and beverage services, particularly banquet and catering operations catering to corporate group business.
Xenia's strategic focus emphasizes out-of-room spending and continuous portfolio optimization through targeted renovations and repositioning projects, such as the integration of high-profile food and beverage outlets. The company's competitive position is strengthened by its concentration on the luxury and upper upscale segments, which tend to attract high-end leisure and corporate group travelers, allowing for strong average daily rates (ADR) and revenue per available room (RevPAR).
