2020 Q1 Form 10-Q Financial Statement
#000161600020000078 Filed on May 11, 2020
Income Statement
Concept | 2020 Q1 | 2019 Q1 |
---|---|---|
Revenue | $215.4M | $293.7M |
YoY Change | -26.67% | 11.04% |
Cost Of Revenue | $170.9M | $195.9M |
YoY Change | -12.78% | 14.3% |
Gross Profit | $44.50M | $97.80M |
YoY Change | -54.5% | 5.02% |
Gross Profit Margin | 20.66% | 33.3% |
Selling, General & Admin | $85.60M | $92.30M |
YoY Change | -7.26% | 11.34% |
% of Gross Profit | 192.38% | 94.38% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $36.45M | $39.27M |
YoY Change | -7.2% | 3.45% |
% of Gross Profit | 81.91% | 40.16% |
Operating Expenses | $122.6M | $132.3M |
YoY Change | -7.33% | 8.71% |
Operating Profit | -$31.54M | $36.07M |
YoY Change | -187.44% | 9.87% |
Interest Expense | $13.02M | $12.59M |
YoY Change | 3.47% | -8.24% |
% of Operating Profit | 34.89% | |
Other Income/Expense, Net | $127.0K | $95.00K |
YoY Change | 33.68% | -75.45% |
Pretax Income | -$44.44M | $23.37M |
YoY Change | -290.17% | -62.13% |
Income Tax | -$7.300M | $6.100M |
% Of Pretax Income | 26.1% | |
Net Earnings | -$36.14M | $16.70M |
YoY Change | -316.36% | -69.99% |
Net Earnings / Revenue | -16.78% | 5.69% |
Basic Earnings Per Share | -$0.32 | |
Diluted Earnings Per Share | -$0.32 | $147.9K |
COMMON SHARES | ||
Basic Shares Outstanding | 113.0M shares | 112.6M shares |
Diluted Shares Outstanding | 113.0M shares | 112.9M shares |
Balance Sheet
Concept | 2020 Q1 | 2019 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $396.8M | $74.50M |
YoY Change | 432.62% | -70.84% |
Cash & Equivalents | $396.8M | $74.46M |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | $23.50M | $63.30M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $420.3M | $137.8M |
YoY Change | 205.01% | -54.82% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $2.960B | $2.894B |
YoY Change | 2.25% | 7.84% |
Goodwill | $8.584M | $25.00M |
YoY Change | -65.66% | |
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $79.50M | $69.80M |
YoY Change | 13.9% | 12.04% |
Total Long-Term Assets | $3.096B | $3.043B |
YoY Change | 1.74% | 6.32% |
TOTAL ASSETS | ||
Total Short-Term Assets | $420.3M | $137.8M |
Total Long-Term Assets | $3.096B | $3.043B |
Total Assets | $3.517B | $3.181B |
YoY Change | 10.54% | 0.43% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $79.20M | $91.70M |
YoY Change | -13.63% | 14.91% |
Accrued Expenses | $27.10M | $27.90M |
YoY Change | -2.87% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $138.1M | $151.3M |
YoY Change | -8.72% | 37.92% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $1.633B | $1.150B |
YoY Change | 41.99% | -13.42% |
Other Long-Term Liabilities | $65.00M | $46.40M |
YoY Change | 40.09% | -1.9% |
Total Long-Term Liabilities | $1.698B | $1.196B |
YoY Change | 41.92% | -13.02% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $138.1M | $151.3M |
Total Long-Term Liabilities | $1.698B | $1.196B |
Total Liabilities | $1.836B | $1.348B |
YoY Change | 36.22% | -9.25% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$385.9M | -$264.0M |
YoY Change | 46.18% | -10.44% |
Common Stock | $1.135M | $1.127M |
YoY Change | 0.71% | 5.43% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $1.669B | $1.803B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $3.517B | $3.181B |
YoY Change | 10.54% | 0.43% |
Cashflow Statement
Concept | 2020 Q1 | 2019 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$36.14M | $16.70M |
YoY Change | -316.36% | -69.99% |
Depreciation, Depletion And Amortization | $36.45M | $39.27M |
YoY Change | -7.2% | 3.45% |
Cash From Operating Activities | $5.387M | $33.64M |
YoY Change | -83.99% | -21.33% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$22.20M | -$13.30M |
YoY Change | 66.92% | -44.35% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $2.000M | $0.00 |
YoY Change | -100.0% | |
Cash From Investing Activities | -$20.18M | -$13.26M |
YoY Change | 52.16% | -107.66% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $2.300M | $0.00 |
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | $296.2M | -$37.74M |
YoY Change | -884.81% | 33.0% |
NET CHANGE | ||
Cash From Operating Activities | $5.387M | $33.64M |
Cash From Investing Activities | -$20.18M | -$13.26M |
Cash From Financing Activities | $296.2M | -$37.74M |
Net Change In Cash | $281.4M | -$17.36M |
YoY Change | -1720.78% | -109.26% |
FREE CASH FLOW | ||
Cash From Operating Activities | $5.387M | $33.64M |
Capital Expenditures | -$22.20M | -$13.30M |
Free Cash Flow | $27.59M | $46.94M |
YoY Change | -41.23% | -29.59% |
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CY2020Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-1477000 | USD |
CY2019Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
358000 | USD |
CY2020Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-52364000 | USD |
CY2019Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
10421000 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1775158000 | USD |
CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-37130000 | USD |
CY2020Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
2264000 | USD |
CY2020Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
31633000 | USD |
CY2020Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
2371000 | USD |
CY2020Q1 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
475000 | USD |
CY2020Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
-8623000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
-17120000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
-409000 | USD |
CY2020Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-20822000 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1680693000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1852705000 | USD |
CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
17276000 | USD |
CY2019Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
31508000 | USD |
CY2019Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
2021000 | USD |
CY2019Q1 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
440000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
-5084000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
1413000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1833557000 | USD |
CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-37130000 | USD |
CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
17276000 | USD |
CY2020Q1 | us-gaap |
Depreciation
Depreciation
|
36448000 | USD |
CY2019Q1 | us-gaap |
Depreciation
Depreciation
|
39274000 | USD |
CY2020Q1 | xhr |
Noncash Ground Rent And Amortization Of Other Intangibles
NoncashGroundRentAndAmortizationOfOtherIntangibles
|
737000 | USD |
CY2019Q1 | xhr |
Noncash Ground Rent And Amortization Of Other Intangibles
NoncashGroundRentAndAmortizationOfOtherIntangibles
|
801000 | USD |
CY2020Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
623000 | USD |
CY2019Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
625000 | USD |
CY2020Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD |
CY2019Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-213000 | USD |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
194946000 | USD |
CY2020Q1 | us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
16368000 | USD |
CY2019Q1 | us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
0 | USD |
CY2020Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2040000 | USD |
CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1894000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-13084000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
28501000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
15646000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
9548000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-9526000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
6401000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-1611000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
5203000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
5387000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
33638000 | USD |
CY2020Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
22177000 | USD |
CY2019Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
13260000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Deposits On Real Estate Sales
ProceedsFromDepositsOnRealEstateSales
|
2000000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Deposits On Real Estate Sales
ProceedsFromDepositsOnRealEstateSales
|
0 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-20177000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-13260000 | USD |
CY2020Q1 | xhr |
Repayments Of Secured Debt Payoffs
RepaymentsOfSecuredDebtPayoffs
|
0 | USD |
CY2019Q1 | xhr |
Repayments Of Secured Debt Payoffs
RepaymentsOfSecuredDebtPayoffs
|
90000000 | USD |
CY2020Q1 | xhr |
Repayments Of Secured Debt Principal Payments
RepaymentsOfSecuredDebtPrincipalPayments
|
691000 | USD |
CY2019Q1 | xhr |
Repayments Of Secured Debt Principal Payments
RepaymentsOfSecuredDebtPrincipalPayments
|
804000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
0 | USD |
CY2019Q1 | us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
85000000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
340000000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
0 | USD |
CY2020Q1 | xhr |
Payments For Redemption Of Partnership Capital Units
PaymentsForRedemptionOfPartnershipCapitalUnits
|
8623000 | USD |
CY2019Q1 | xhr |
Payments For Redemption Of Partnership Capital Units
PaymentsForRedemptionOfPartnershipCapitalUnits
|
0 | USD |
CY2020Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
2264000 | USD |
CY2019Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD |
CY2020Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
625000 | USD |
CY2019Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
598000 | USD |
CY2020Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
31608000 | USD |
CY2019Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
31338000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
296189000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-37740000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
281399000 | USD |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-17362000 | USD |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
161608000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
476345000 | USD |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
144246000 | USD |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
144246000 | USD |
CY2020Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
396816000 | USD |
CY2019Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
74462000 | USD |
CY2020Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
79529000 | USD |
CY2019Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
69784000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
476345000 | USD |
CY2020Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2203000 | USD |
CY2019Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1478000 | USD |
CY2020Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
11770000 | USD |
CY2019Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
11602000 | USD |
CY2020Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
2655000 | USD |
CY2019Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
1574000 | USD |
CY2020Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | USD |
CY2019Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
28072000 | USD |
CY2020Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:bold;text-decoration:none;">Organization</span><div style="line-height:120%;padding-bottom:12px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">Xenia Hotels & Resorts, Inc. (the "Company" or "Xenia") is a Maryland corporation that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts in the Top </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"><span>25</span></span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> lodging markets as well as key leisure destinations in the United States ("U.S."). </span></div><div style="line-height:120%;padding-bottom:12px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">Substantially all of the Company's assets are held by, and all the operations are conducted through, XHR LP (the "Operating Partnership"). XHR GP, Inc. is the sole general partner of XHR LP and is wholly owned by the Company. As of </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">March 31, 2020</span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">, the Company collectively owned </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"><span>97.1%</span></span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> of the common limited partnership units issued by the Operating Partnership ("Operating Partnership Units"). The remaining </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"><span>2.9%</span></span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> of the Operating Partnership Units are owned by the other limited partners comprised of certain of our current executive officers and members of our Board of Directors and includes vested and unvested long-term incentive plan ("LTIP") partnership units. LTIP partnership units may or may not vest based on the passage of time and meeting certain market-based performance objectives. </span></div><div style="line-height:120%;padding-bottom:12px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">Xenia operates as a real estate investment trust ("REIT"). To qualify as a REIT the Company cannot operate or manage its hotels. Therefore, the Operating Partnership and its subsidiaries lease the hotel properties to XHR Holding, Inc. and its subsidiaries (collectively with its subsidiaries, "XHR Holding"), the Company's taxable REIT subsidiary ("TRS"), which engages third-party eligible independent contractors to manage the hotels. </span></div><div style="line-height:120%;padding-bottom:12px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">As of </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">March 31, 2020</span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">, the Company owned </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"><span>39</span></span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> lodging properties. As of </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">March 31, 2019</span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">, the Company owned </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"><span>40</span></span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> lodging properties.</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Impact of COVID-19 </span></div><div style="line-height:120%;padding-bottom:12px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">In January 2020, cases of novel coronavirus and related respiratory disease (“COVID-19”) started appearing in the United States. By March 11, 2020, COVID-19 was deemed a global pandemic by the World Health Organization. This led federal, state and local governments in the United States to impose measures intended to control its spread, including restrictions on freedom of movement and business operations such as travel bans, border closings, business closures, quarantines and shelter-in-place orders. The effects of the COVID-19 pandemic on the hotel industry are unprecedented with global demand for lodging drastically reduced and occupancy levels reaching historic lows. As of March 31, 2020, </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"><span>24</span></span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> of the Company’s </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"><span>39</span></span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> hotels and resorts had temporarily suspended operations with </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"><span>seven</span></span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> additional hotels temporarily suspending operations in April. The Company’s remaining </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"><span>eight</span></span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> properties are operating at levels which reflect the reduced demand levels. As individual governmental authorities relax social distancing standards and begin to lift "stay at home" orders, the Company will work with its operating partners to evaluate the best strategy and approach for reopening each of its properties based on the hotel or resort's ability to implement necessary safety precautions, anticipated demand and other considerations. At this time, the Company anticipates </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"><span>five</span></span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> smaller properties with a leisure demand focus will recommence operations during the month of May.</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">Prior to the impact of COVID-19, the results for the first quarter of 2020 exceeded expectations with RevPAR decreasing slightly in the low single digits compared to the first quarter 2019. Occupancy rates for our total portfolio for January and February 2020 were </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"><span>65.0%</span></span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> and </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"><span>74.6%</span></span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">, respectively. Due to certain of our hotels and resorts temporarily suspending operations and low levels of demand, RevPAR and occupancy declined significantly in March, which led to a total portfolio occupancy rate for the month of </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"><span>27.2%</span></span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">. Occupancy has continued to decline in the second quarter and, as a result, we expect operating results to be further negatively impacted in the second quarter. Both business transient and leisure demand has declined significantly, consistent with trends throughout the U.S. lodging industry. The vast majority of our hotel portfolio's group business for the second quarter has been canceled, and the Company is uncertain if, or when, this business will rebook in the future. </span></div>It is not currently known when the operations at our hotel properties will resume, or if we will need to suspend operations at additional hotel properties or in the event of a resurgence. Furthermore, we cannot predict when business levels will return to normalized levels after the effects of the pandemic subside. | |
CY2020Q1 | xhr |
Number Of Top Lodging Markets For Investing
NumberOfTopLodgingMarketsForInvesting
|
25 | market |
CY2020Q1 | xhr |
Number Of Real Estate Properties Temporarily Suspended Operations
NumberOfRealEstatePropertiesTemporarilySuspendedOperations
|
24 | property |
CY2020Q1 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
39 | property |
CY2020Q1 | xhr |
Number Of Real Estate Properties Operating At Reduced Demand
NumberOfRealEstatePropertiesOperatingAtReducedDemand
|
8 | property |
CY2020Q1 | xhr |
Occupancy Rate Total Portfolio Percentage
OccupancyRateTotalPortfolioPercentage
|
0.650 | |
CY2020Q1 | xhr |
Occupancy Rate Total Portfolio Percentage
OccupancyRateTotalPortfolioPercentage
|
0.746 | |
CY2020Q1 | xhr |
Occupancy Rate Total Portfolio Percentage
OccupancyRateTotalPortfolioPercentage
|
0.272 | |
CY2020Q1 | xhr |
Number Of Real Estate Properties Temporarily Suspended Operations
NumberOfRealEstatePropertiesTemporarilySuspendedOperations
|
24 | property |
CY2020Q1 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
39 | property |
CY2020Q1 | xhr |
Number Of Real Estate Properties Operating At Reduced Demand
NumberOfRealEstatePropertiesOperatingAtReducedDemand
|
8 | property |
CY2020Q1 | us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
340000000 | USD |
CY2020Q1 | xhr |
Capital Expenditure Projects Amount Deferred
CapitalExpenditureProjectsAmountDeferred
|
50000000 | USD |
CY2020Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-align:start;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:underline;">Use of Estimates</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and revenues and expenses. These estimates are prepared using management's best judgment, after considering past, current and expected future economic conditions. Actual results could differ from these estimates.</span></div> | |
CY2020Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-align:start;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:underline;">Risks and Uncertainties</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">As of March 31, 2020, </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"><span>24</span></span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> of the Company’s </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"><span>39</span></span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> hotels and resorts had temporarily suspended operations with </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"><span>seven</span></span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> additional hotels temporarily suspending operations in April. </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">It is not currently known when the operations at our hotel properties will resume, or if we will need to suspend operations at additional hotel properties. </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">We will continue to monitor the rapidly evolving situation and guidance from federal, state and local governmental and public health authorities, and we may be required or elect to take additional actions based on their recommendations. Under these circumstances, there may be developments that require us to further adjust our operations. </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">Furthermore, we cannot predict when business levels will return to normalized levels after the effects of the pandemic subside and travel bans and shelter-in-place orders are lifted or upon a resurgence. There also can be no guarantee that the demand for lodging, and consumer confidence in travel generally, will recover as quickly as other industries. </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">As a result, our revenues have declined significantly and we expect this trend to continue. Additionally, we expect the effects of the pandemic to materially and adversely affect our ability to consummate acquisitions and dispositions of hotel properties as well as to cause us to scale back or delay planned renovations and other projects. </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">Due to the speed with which the situation is developing we cannot predict the full extent and duration of the effects of the COVID-19 pandemic on our operations, although the longer and more severe the pandemic or resurgence, the greater the material adverse impact on our business, results of operations, cash flows, financial condition, the market price of our common stock, our ability to make distributions to our shareholders, our access to credit markets and our ability to service our indebtedness.</span></div> | |
CY2020Q1 | xhr |
Number Of Real Estate Properties Temporarily Suspended Operations
NumberOfRealEstatePropertiesTemporarilySuspendedOperations
|
24 | property |
CY2020Q1 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
39 | property |
CY2020Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
3580000 | USD |
CY2020Q1 | xhr |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year Weighted Average Interest Rate
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYearWeightedAverageInterestRate
|
0.0447 | |
CY2020Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-20800000 | USD |
CY2020Q1 | us-gaap |
Goodwill
Goodwill
|
8600000 | USD |
CY2019Q1 | us-gaap |
Goodwill
Goodwill
|
25000000.0 | USD |
CY2020Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
16400000 | USD |
CY2017 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | USD |
CY2020Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
215353000 | USD |
CY2019Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
293687000 | USD |
CY2020Q1 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
5545000 | USD |
CY2019Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
5963000 | USD |
CY2020Q1 | us-gaap |
Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
|
0.0332 | |
CY2020Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
1632782000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
1293054000 | USD |
CY2019Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-213000 | USD |
CY2019Q4 | xhr |
Debt Instrument Carrying Amount And Line Of Credit
DebtInstrumentCarryingAmountAndLineOfCredit
|
1299000000 | USD |
CY2020Q1 | us-gaap |
Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
|
0.0332 | |
CY2019Q4 | us-gaap |
Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
|
0.0372 | |
CY2020Q1 | xhr |
Long Term Debt Maturities Repayments Of Principal In Year Two Weighted Average Interest Rate
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoWeightedAverageInterestRate
|
0.0294 | |
CY2020Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
182915000 | USD |
CY2020Q1 | xhr |
Long Term Debt Maturities Repayments Of Principal In Year Three Weighted Average Interest Rate
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThreeWeightedAverageInterestRate
|
0.0360 | |
CY2020Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
211863000 | USD |
CY2020Q1 | xhr |
Long Term Debt Maturities Repayments Of Principal In Year Four Weighted Average Interest Rate
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFourWeightedAverageInterestRate
|
0.0302 | |
CY2020Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
281534000 | USD |
CY2020Q1 | xhr |
Long Term Debt Maturities Repayments Of Principal In Year Five Weighted Average Interest Rate
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveWeightedAverageInterestRate
|
0.0346 | |
CY2020Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
278034000 | USD |
CY2020Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
180401000 | USD |
CY2020Q1 | xhr |
Long Term Debt Maturities Repayments Of Principal After Year Five Weighted Average Interest Rate
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFiveWeightedAverageInterestRate
|
0.0466 | |
CY2020Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
1138327000 | USD |
CY2020Q1 | xhr |
Longterm Debt Gross Weighted Average Interest Rate
LongtermDebtGrossWeightedAverageInterestRate
|
0.0361 | |
CY2019Q4 | us-gaap |
Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
|
0.0266 | |
CY2020Q1 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
5545000 | USD |
CY2020Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
1632782000 | USD |
CY2020Q1 | us-gaap |
Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
|
0.0332 | |
CY2020Q1 | xhr |
Recourse Debt
RecourseDebt
|
0 | USD |
CY2020Q1 | us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
340000000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
-17120000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
-5084000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
-409000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
1413000 | USD |
CY2020Q1 | us-gaap |
Interest Expense
InterestExpense
|
13024000 | USD |
CY2019Q1 | us-gaap |
Interest Expense
InterestExpense
|
12587000 | USD |
CY2020Q1 | us-gaap |
Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
|
-10400000 | USD |
CY2020Q1 | us-gaap |
Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimate Of Time To Transfer1
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimateOfTimeToTransfer1
|
P12M | |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
7.96 | |
CY2020Q1 | us-gaap |
Goodwill Gross
GoodwillGross
|
34352000 | USD |
CY2020Q1 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
25768000 | USD |
CY2020Q1 | us-gaap |
Goodwill
Goodwill
|
8584000 | USD |
CY2019Q4 | us-gaap |
Goodwill Gross
GoodwillGross
|
34352000 | USD |
CY2019Q4 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
9400000 | USD |
CY2019Q4 | us-gaap |
Goodwill
Goodwill
|
24952000 | USD |
CY2020Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
16400000 | USD |
CY2019 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
9400000 | USD |
CY2020Q1 | xhr |
Effective Income Tax Rate Reconciliation At Federal And State Combined Effective Rate
EffectiveIncomeTaxRateReconciliationAtFederalAndStateCombinedEffectiveRate
|
0.1010 | |
CY2020Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-7300000 | USD |
CY2019Q1 | xhr |
Effective Income Tax Rate Reconciliation At Federal And State Combined Effective Rate
EffectiveIncomeTaxRateReconciliationAtFederalAndStateCombinedEffectiveRate
|
0.3039 | |
CY2019Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
6100000 | USD |
CY2018Q1 | xhr |
Common Stock Maximum Authorized Pursuant To At The Market Agreements Value
CommonStockMaximumAuthorizedPursuantToAtTheMarketAgreementsValue
|
200000000 | USD |
CY2020Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
0 | shares |
CY2020Q1 | xhr |
Common Stock Remaining Available Pursuant To At The Market Agreements Value
CommonStockRemainingAvailablePursuantToAtTheMarketAgreementsValue
|
62600000 | USD |
CY2020Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
165516 | shares |
CY2020Q1 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
13.68 | |
CY2020Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
2300000 | USD |
CY2019Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
0 | shares |
CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
1931073 | shares |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
1246060 | shares |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
185265 | shares |
CY2020Q1 | xhr |
Sharebased Compensation Arrangementby Sharebased Payment Award Equity Instruments Otherthan Options Expiredin Period
SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsExpiredinPeriod
|
0 | shares |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
3154 | shares |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
2988714 | shares |
CY2020Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.275 | |
CY2020Q1 | us-gaap |
Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
|
2020-03-31 | |
CY2020Q1 | us-gaap |
Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
|
2020-04-15 | |
CY2020Q1 | us-gaap |
Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
|
457017 | shares |
CY2020Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-36138000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
16703000 | USD |
CY2020Q1 | us-gaap |
Dividends Share Based Compensation
DividendsShareBasedCompensation
|
150000 | USD |
CY2019Q1 | us-gaap |
Dividends Share Based Compensation
DividendsShareBasedCompensation
|
143000 | USD |
CY2020Q1 | us-gaap |
Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
|
-36288000 | USD |
CY2019Q1 | us-gaap |
Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
|
16560000 | USD |
CY2020Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
112984868 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
112619144 | shares |
CY2020Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
288395 | shares |
CY2020Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
112984868 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
112907539 | shares |
CY2020Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.32 | |
CY2019Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.15 | |
CY2020Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
327475 | shares |
CY2020Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
|
16200000 | USD |
CY2020Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P30Y | |
CY2020Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0594 | |
CY2020Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
45980000 | USD |
CY2020Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
27052000 | USD |
CY2020Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
602000 | USD |
CY2020Q1 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
1872000 | USD |
CY2020Q1 | us-gaap |
Lease Cost
LeaseCost
|
2474000 | USD |
CY2020Q1 | xhr |
Operating Lease Including Available Extension Options Weighted Average Remaining Lease Term
OperatingLeaseIncludingAvailableExtensionOptionsWeightedAverageRemainingLeaseTerm
|
P61Y | |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
1803000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
2417000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
2431000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
2445000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
2460000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
49862000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
61418000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
34366000 | USD |
CY2020Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
27052000 | USD |