October 19, 2021

Xenia Hotels & Resorts (NYSE:XHR) reports an update on the previously declared pending disposition of Renaissance Austin Hotel

Xenia Hotels & Resorts (NYSE:XHR) stock identified change of 43.15% away from 52-week low price and recently located move of -61.47% off 52-week high price. It has market worth of $1.01B . XHR stock has been recorded -32.73% away from 50 day moving average and -52.73% away from 200 day moving average. Moving closer, we can see that shares have been trading -4.75% off 20-day moving average.

On April 17, 2020, Xenia Hotels & Resorts (NYSE:XHR) provided an update on the previously declared pending disposition of Renaissance Austin Hotel, as well as an update on the impact of COVID-19 on its operations.

On March 31, 2020, Xenia released that it had amended its agreement to sell the 492-room Renaissance Austin Hotel to extend the closing until April 16, 2020.  The transaction did not close as contemplated by the amended agreement and as a result, the agreement has been terminated.   The Company has retained the $2 million deposit that was previously released from escrow.

Since the Company last issued an update on operating performance, it has temporarily suspended operations at an additional 7 hotels bringing the total number to 31 properties.  The Company’s remaining 8 properties are currently operating at reduced levels; however, the Company continues to work with its operators to evaluate the demand and operations at these hotels and may elect to suspend operations in the future as a result of the COVID-19 pandemic.  The Company continues to monitor all governmental directives and other factors impacting operations as it evaluates potential future re-opening dates for its properties that have temporarily suspended operations.

The Financial sector company, Xenia Hotels & Resorts noticed change of -0.22% to $8.99 along volume of 1155052 shares in recent session compared to an average volume of 1.08M. The stock observed return of -10.10% in 5 days trading activity. The stock was at 32.01% over one month performance. XHR’s shares are at -56.36% for the quarter and driving a -57.79% return over the course of the past year and is now at -58.40% since this point in 2018.

The average volatility for the week at 9.62% and for month was at 14.29%. There are 112.64M shares outstanding and 112.33M shares are floated in market. Right now the stock beta is 1.38.