Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc. is a real estate investment trust that invests in hotels. As of December 31, 2019, it owned 39 hotels comprising 11,245 rooms.[1]

Xenia Hotels & Resorts, Inc.
Public company
Traded asNYSE: XHR
S&P 600 component
Russell 2000 Index component
IndustryReal estate investment trust
Founded2014 (2014)
HeadquartersOrlando, Florida
ProductsHotels
Revenue $1.149 billion (2019)
$0.057 billion (2019)
Total assets $3.263 billion (2019)
Total equity $1.775 billion (2019)
Number of employees
48 (2019)
Websitexeniareit.com
Footnotes / references
[1]

History

In 2014, the company was formed as a corporate spin-off of InvenTrust Properties.[1]

On February 4, 2015, the company became a public company.[2]

In December 2016, the company sold 4 hotels for $119 million.[3]

In December 2019, the company sold 2 hotels for $61.5 million.[4]

In March 2020, the company agreed to sell 7 Kimpton Hotels & Restaurants-branded hotels for $483 million.[5]

gollark: LyricLy has just given me an *excellent* idea for Minoteaur.
gollark: Policy prevents us from spending more than 3 per employee.
gollark: This isn't well-defined.
gollark: As a temporary solution it all got fed to one of our negative frequency trader machines, which will apply it to all financial markets simultaneously and thus keep it out of the way for a few years.
gollark: We tried feeding the capital into excess letters from the language models but then ran into Unicode concerns.

References
  1. "Xenia Hotels & Resorts, Inc. 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. "Xenia Hotels & Resorts Announces Listing Of Its Common Stock On The NYSE And Ringing Of The Opening Bell" (Press release). PR Newswire. February 4, 2015.
  3. "Xenia Hotels & Resorts sells 4 properties". American City Business Journals. December 16, 2016.
  4. Barth, Cindy (December 25, 2019). "Xenia Hotels & Resorts sells 2 hotel properties". American City Business Journals.
  5. "Xenia Hotels & Resorts Announces Agreement To Sell Seven-Hotel Portfolio For $483 Million" (Press release). PR Newswire. March 4, 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.