Xenia Hotels & Resorts, Inc. (NYSE:XHR) Q1 2023 Earnings Conference Call May 3, 2023 9:00 AM ET

Company Participants

Amanda Bryant - VP of Finance

Marcel Verbaas - Chair and Chief Executive Officer

Barry Bloom - President and Chief Operating Officer

Atish Shah - Executive Vice President and Chief Financial Officer

Conference Call Participants

David Katz - Jefferies

Bryan Maher - B. Riley

Tyler Batory - Oppenheimer

Michael Bellisario - Baird

William Crow - Raymond James

Aryeh Klein - BMO Capital Markets

Operator

Good morning. Thank you for attending today’s Xenia Hotels & Resorts First Quarter 2023 Earnings Conference Call. My name is Megan, and I’ll be your moderator for today’s call. [Operator Instructions]

I would now like to pass the conference over to Amanda Bryant, VP of Finance. Amanda, please go ahead.

Amanda Bryant

Thank you, Megan. Good morning, and welcome to Xenia Hotels & Resorts’ First Quarter 2023 Earnings Call and Webcast. I’m here with Marcel Verbaas, our Chair and Chief Executive Officer; Barry Bloom, our President and Chief Operating Officer; and Atish Shah, our Executive Vice President and Chief Financial Officer. Marcel will begin with a discussion on our performance, Barry will follow with more details on operating trends and capital expenditure projects and Atish will conclude today’s remarks on our balance sheet and outlook for 2023. We will then open the call for Q&A.

Before we get started, let me remind everyone that certain statements made on this call are not historical facts and are considered forward-looking statements. These statements are subject to numerous risks and uncertainties as described in our annual report on Form 10-K and other SEC filings, which could cause our actual results to differ materially from those expressed in or implied by our comments.

Forward-looking statements in the earnings release that we issued yesterday, along with the comments on this call, are made only as of today, May 3, 2023, and we undertake no obligation to publicly update any of these forward-looking statements as actual events unfold. You can find reconciliations of non-GAAP financial measures to net income and definition of certain items referred to in our remarks the earnings release, which is available on the Investor Relations section of our website.

First quarter 2023 property level portfolio information we will be speaking about today is on a same-property basis for all 32 hotels. An archive of this call will be available on our website for 90 days.