Xenia Hotels & Resorts (XHR) Investor presentation summary

Portfolio overview and composition

• Owns 29 luxury and upper-upscale hotels and resorts, all brand-affiliated, in top 25 U.S. lodging markets and key leisure destinations.

• Portfolio includes 8,783 rooms across 22 states and 16 markets, with a balanced demand mix of group, leisure, and business transient segments.

• Geographic diversification includes major markets such as Orlando, Houston, Phoenix, San Diego, and Atlanta, which together represent 58% of hotel EBITDA.

• Approximately 75% of demand comes from business transient and group segments, with significant contributions from leisure in select properties.

• All properties are aligned with high-quality brands, leveraging strong loyalty programs, marketing, and technology platforms.

Strategic evolution and capital allocation

• Strategic capital allocation over the past twelve years has resulted in a higher-quality portfolio, with $1.9B in acquisitions and $1.8B in dispositions since listing.

• Focus on Sunbelt and gateway markets with limited near-term supply growth and strong long-term demand fundamentals.

• Recent transformative renovation and upbranding of Grand Hyatt Scottsdale Resort increased RevPAR from $196 in 2019 to an expected $300, with hotel EBITDA rising from $23M to $42M.

• Capital projects, such as the Arizona ballroom expansion and enhanced amenities, are driving record group and catering revenues.

Financial performance and outlook

• Increased full-year 2026 guidance as of July 30, 2026: Adjusted EBITDAre of $267M–$279M, Adjusted FFO of $187M–$199M, and Adjusted FFO per diluted share of $1.96–$2.08.

• Same-property RevPAR expected to grow 4.75%–6.25% over 2025, with capital expenditures of $70M–$80M.

• July and August 2026 same-property RevPAR up 11.7% and 8.6% year-over-year, respectively; group room revenue pace up 11% for September–December 2026.

• U.S. luxury and upper-upscale supply growth expected to remain low at approximately 1% annually from 2026 to 2028.