Xenia Hotels & Resorts, Inc. (NYSE:XHR) Q1 2022 Earnings Conference Call May 3, 2022 1:00 PM ET

Company Participants

Amanda Bryant – Vice President-Finance

Marcel Verbaas – Chairman 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

Bill Crow – Raymond James

Dori Kesten – Wells Fargo

Michael Bellisario – Baird

Ari Klein – BMO

Austin Wurschmidt – KeyBanc

Bryan Maher – B. Riley Securities

Operator

Good afternoon. Thank you for attending today’s Xenia Hotels & Resorts Q1 Earnings Conference Call. My name is Stephanie [ph], and I'll be your moderator for today’s call. [Operator Instructions]

I would now like to transfer the conference over to our host, Amanda Bryant, VP of Finance, with Xenia Hotels & Resorts. Please go ahead.

Amanda Bryant

Thank you, Stephanie. Good afternoon, and welcome to Xenia Hotels & Resorts first quarter 2022 earnings call and webcast.

I'm here with Marcel Verbaas, our Chairman 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 industry fundamentals, our quarterly and annual performance and an update on our portfolio strategy. Barry will follow with more details about our operating results, recent operating trends and status of our capital expenditure projects. And Atish will conclude our remarks with an update on our balance sheet, group business and our earnings outlook. 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 this morning, along with comments on this call, are made only as of today, May 3, 2022, and we undertake no obligation to publicly update any of these forward-looking statements as actual events unfold. You can find a reconciliation of our non-GAAP financial measures to net loss and definitions of certain items referred to in our remarks in this morning's earnings release. The property level portfolio information we will be speaking about today is on a same-property basis for 32 hotels excluding Hyatt Regency Portland at the Oregon Convention Center and W Nashville.