XHR - All of Xenia Hotels & Resorts' properties are open for business

In a business and operations update, Xenia Hotels & Resorts' (XHR) same-property portfolio occupancy rate of 50% in May edges up from 48.9% in April.Chairman and CEO Marcel Verbaas says, "We anticipate continued strong leisure business throughout the summer and are optimistic about meaningful improvement from the corporate and group segments this fall."All 35 of its hotels and resorts are open and operating, after the Hyatt Regency Portland at the Oregon Convention Center recommenced operations on May 24, 2021.As per the balance sheet update, it recently issued $500M in senior notes and it repaid a total of $369.9M in debt.It increased capacity for capital expenditures in 2022 while expanding the availability under the ATM program to $200M.Previously (May 25), Xenia receives an upgrade to outperform from BMO.

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All of Xenia Hotels & Resorts' properties are open for business