Xenia Hotels & Resorts

Q2 FY2026 EarningsQ2 FY26 results were mixed relative to consensus, with revenue slightly missing at $295.5M vs. $302.1M expected. Despite a GAAP net loss of $19.3M driven by a $38.8M non-cash impairment charge on the Kimpton RiverPlace Hotel, the core business remained resilient with Same-Property RevPAR up 5.6% YoY. Management raised the full-year Adjusted EBITDAre guidance midpoint by $7M to $273M, exceeding the implied prior consensus, fueled by strong ADR growth and a positive July RevPAR outlook (+10%).