XHR - Bucking the Hotel Industry Xenia's Room Revenue Accelerated in the Third Quarter
Xenia Hotels & Resorts (NYSE: XHR) is an intriguing investment opportunity in the hospitality space. Structured as a REIT, the company buys properties under franchise agreements with major hotel brands, and often invests significant amounts in renovations to improve properties' revenue and portfolio value. The small-cap hotelier owns 40 properties, and its results can diverge from its larger peers, which often operate under the opposite business model as franchisors.
Such was the case this quarter. Xenia's revenue per room growth exceeded the flattish results of larger hotel stalwarts like Wyndham and Hilton. As we review results from the company's third quarter, which were released on Thursday morning, note that all comparisons refer to the prior-year quarter.
Data source: Xenia Hotels & Resorts.