8-K - XHR - Equibles

UNITED STATESSECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 1, 2020

Xenia Hotels & Resorts, Inc.

(Exact Name of Registrant as Specified in its Charter)

Maryland	001-36594	20-0141677
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

200 S. Orange Avenue

Suite 2700

Orlando

Florida

32801

(Address of Principal Executive Offices)

(

407

)

246-8100

(Registrant’s Telephone Number, Including Area Code)

N/A (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock	XHR	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01. Regulation FD Disclosure

From time to time, senior management of Xenia Hotels & Resorts, Inc. (the “Company”) meets with current and potential investors and business analysts. The Company intends to use the presentation furnished as Exhibit 99.1 to this Current Report on Form 8-K, and incorporated into this Item 7.01 by reference (the “Investor Presentation”), at these meetings. The Company intends to post the Investor Presentation in the “Investor Relations” section of its website at www.xeniareit.com. The Company reserves the right to discontinue the availability of the Investor Presentation at any time.

The information furnished in this Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, unless the Company specifically states that the information is to be considered “filed” under the Exchange Act or incorporates it by reference into a filing under the Exchange Act or the Securities Act of 1933, as amended.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
99.1	Xenia Hotels & Resorts, Inc. Investor Presentation
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: June 1, 2020	By:	/s/ Taylor C. Kessel
	Name:	Taylor C. Kessel
	Title:	Senior Vice President and General Counsel

ex991xhrnareitjune2020

Investor Presentation June 2020

Forward-Looking Statements 1

Xenia’s Portfolio Today Portfolio Characteristics Diversified Branding Key Portfolio Statistics • 39 • Hotels 11,245 15 • Rooms Brands • 16 25 States Markets Kimpton Hotel Palomar Philadelphia Fairmont Dallas Waldorf Astoria Atlanta Buckhead Loews New Orleans 2

Geographic Diversification Hotels located across 25 unique lodging markets including the Sunbelt region, various drive-to leisure markets, and several gateway markets. No single market contributed more than 10% of 2019 Hotel EBITDA1 3

Experienced Management Team 4

Business Update

Operations Update • • • • • • • • • • • 6

Corporate Actions • • • • • • • • • • • 7

Park Hyatt Aviara Renovation Update Transformational Renovation • • • • • • 8

Park Hyatt Aviara Renovation Update Renovation Timeline Park Hyatt Aviara Resort, Golf Club & Spa transformational renovation is expected to be completed in Q1 2021 9

Liquidity and Balance Sheet Update

Debt Overview $1.6 Billion 5.2x 3.3% Debt Detail Debt Maturity Schedule 11

Monthly Recurring Cash Expenses As of 3/31/2020, Xenia had approximately $397 million of cash and cash equivalents1 12

Competitive Advantages

Seasoned Management Team Management team has an average of 27 years of hotel experience and an average tenure of 8 years with Xenia • • MARCEL VERBAAS, CHAIRMAN AND CHIEF EXECUTIVE OFFICER ✓ ✓ ✓ ✓ BARRY BLOOM, PRESIDENT AND CHIEF OPERATING OFFICER ✓ ✓ ✓ ATISH SHAH, CHIEF FINANCIAL OFFICER ✓ ✓ ✓ 14

Well-Positioned Portfolio 15

High-Quality Portfolio of Hotels & Resorts Strategic capital allocation over past five years delivers superior portfolio Xenia’s Current Portfolio 39 $171.32 $29,599 20142 2015 2016 2017 2018 2019 Since Listing5 16

Advantage of Branded Hotels • • • • • • • • 17

Attributes of Xenia’s Portfolio Key leisure and drive-to destinations expected to have the quickest ramp-up to stabilization in the current environment 18

Key Leisure and Drive-To Market Hotels & Resorts 19

Portfolio in Excellent Condition • • • • • • • • 20

Flexible Meeting Space at Many Properties • • • • • • • • • • 21

✓ ✓ Key ✓ Takeaways ✓ ✓ ✓ ✓ 22

Definitions 24

Non-GAAP Financial Measures 25