2021 Q4 Form 10-K Financial Statement

#000161600022000036 Filed on March 01, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $203.6M $616.2M $75.64M
YoY Change 169.13% 66.64% -73.19%
Cost Of Revenue $88.10M $446.0M $48.40M
YoY Change 82.02% 26.89% -60.62%
Gross Profit $115.5M $170.1M $27.30M
YoY Change 323.0% 832.64% -82.86%
Gross Profit Margin 56.73% 27.61% 36.09%
Selling, General & Admin $70.03M $239.8M $39.30M
YoY Change 78.18% 17.83% -56.33%
% of Gross Profit 60.64% 140.94% 143.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $31.11M $128.3M $34.80M
YoY Change -10.6% -10.85% -4.66%
% of Gross Profit 26.94% 75.42% 127.47%
Operating Expenses $101.1M $369.2M $74.20M
YoY Change 36.26% 5.51% -41.25%
Operating Profit $14.38M -$60.88M -$46.90M
YoY Change -130.65% -74.81% -242.12%
Interest Expense -$21.49M $81.29M -$18.40M
YoY Change 16.77% 31.16% 62.83%
% of Operating Profit -149.45%
Other Income/Expense, Net $206.0K -$2.297M -$400.0K
YoY Change -151.5% -107.95% -200.0%
Pretax Income -$22.84M -$145.9M $26.30M
YoY Change -186.83% -20.17% 126.72%
Income Tax $341.0K $718.0K $1.000M
% Of Pretax Income 3.8%
Net Earnings -$22.94M -$143.5M $24.28M
YoY Change -194.47% -12.13% 55.57%
Net Earnings / Revenue -11.27% -23.29% 32.09%
Basic Earnings Per Share -$1.26
Diluted Earnings Per Share -$201.5K -$1.26 $213.7K
COMMON SHARES
Basic Shares Outstanding 114.2M shares 113.8M shares 113.7M shares
Diluted Shares Outstanding 113.8M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $517.4M $517.4M $389.8M
YoY Change 32.73% 32.73% 251.81%
Cash & Equivalents $517.4M $517.4M $389.8M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $28.53M $28.53M $9.000M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $545.9M $545.9M $398.8M
YoY Change 36.89% 36.89% 170.74%
LONG-TERM ASSETS
Property, Plant & Equipment $2.419B $2.419B $2.591B
YoY Change -6.64% -6.64% -12.84%
Goodwill $4.850M $4.850M
YoY Change 0.0% -80.56%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $71.48M $71.48M $39.00M
YoY Change 83.27% 83.27% -54.33%
Total Long-Term Assets $2.541B $2.541B $2.681B
YoY Change -5.2% -5.2% -13.96%
TOTAL ASSETS
Total Short-Term Assets $545.9M $545.9M $398.8M
Total Long-Term Assets $2.541B $2.541B $2.681B
Total Assets $3.087B $3.087B $3.080B
YoY Change 0.25% 0.25% -5.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $84.05M $84.05M $62.70M
YoY Change 34.05% 34.05% -28.91%
Accrued Expenses $20.88M $20.88M $24.00M
YoY Change -13.01% -13.01% -12.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $104.9M $104.9M $86.90M
YoY Change 20.75% 20.75% -41.0%
LONG-TERM LIABILITIES
Long-Term Debt $1.494B $1.494B $1.375B
YoY Change 8.71% 8.71% 6.29%
Other Long-Term Liabilities $50.08M $50.08M $51.40M
YoY Change -2.58% -2.58% 8.21%
Total Long-Term Liabilities $1.544B $1.544B $1.426B
YoY Change 8.3% 8.3% 6.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $104.9M $104.9M $86.90M
Total Long-Term Liabilities $1.544B $1.544B $1.426B
Total Liabilities $1.649B $1.656B $1.513B
YoY Change 9.02% 8.58% 1.67%
SHAREHOLDERS EQUITY
Retained Earnings -$656.5M -$513.0M
YoY Change 27.96% 61.1%
Common Stock $1.143M $1.138M
YoY Change 0.44% 0.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.431B $1.431B $1.554B
YoY Change
Total Liabilities & Shareholders Equity $3.087B $3.087B $3.080B
YoY Change 0.25% 0.25% -5.62%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$22.94M -$143.5M $24.28M
YoY Change -194.47% -12.13% 55.57%
Depreciation, Depletion And Amortization $31.11M $128.3M $34.80M
YoY Change -10.6% -10.85% -4.66%
Cash From Operating Activities $11.41M $40.76M -$34.00M
YoY Change -133.56% -152.45% -181.93%
INVESTING ACTIVITIES
Capital Expenditures -$12.67M -$31.82M -$11.00M
YoY Change 15.17% -54.02% -95.01%
Acquisitions
YoY Change
Other Investing Activities $5.085M $7.609M $320.5M
YoY Change -98.41% -97.65% 432.39%
Cash From Investing Activities -$7.584M -$24.21M $309.5M
YoY Change -102.45% -109.52% -293.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.559M $108.9M -214.0M
YoY Change -99.27% 89.79% -290.05%
NET CHANGE
Cash From Operating Activities 11.41M $40.76M -34.00M
Cash From Investing Activities -7.584M -$24.21M 309.5M
Cash From Financing Activities -1.559M $108.9M -214.0M
Net Change In Cash 2.267M $125.4M 61.50M
YoY Change -96.31% -46.35% -1125.0%
FREE CASH FLOW
Cash From Operating Activities $11.41M $40.76M -$34.00M
Capital Expenditures -$12.67M -$31.82M -$11.00M
Free Cash Flow $24.08M $72.58M -$23.00M
YoY Change -204.69% -951.7% -108.79%

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CY2020Q4 xhr Number Of Rooms In Property
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CY2021 us-gaap Nature Of Operations
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Organization<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Xenia Hotels &amp; 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 25 lodging markets as well as key leisure destinations in the United States ("U.S."). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 December 31, 2021, the Company collectively owned 97.9% of the common limited partnership units issued by the Operating Partnership ("Operating Partnership Units"). The remaining 2.1% of the Operating Partnership Units are owned by the other limited partners comprised of certain of our 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="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Xenia operates as a real estate investment trust ("REIT") for U.S. federal income tax purposes. 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="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2021, the Company owned 34 lodging properties with a total of 9,659 rooms (unaudited). As of December 31, 2020, the Company owned 35 lodging properties with a total of 10,011 rooms (unaudited). As of December 31, 2019, the Company owned 39 lodging properties with 11,245 rooms (unaudited). </span></div><div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Impact of COVID-19 on our Business</span></div><div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The onset and global spread of the COVID-19 pandemic 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, school closures, quarantines, shelter-in-place orders and social distancing requirements, and also to implement phased, multi-step policies of re-opening regions of the country. The effects of the COVID-19 pandemic on the hotel industry have been significant and unprecedented with global demand for lodging drastically reduced and occupancy levels reaching historic lows in 2020 and continuing into 2021. As a result of the COVID-19 pandemic, the majority of the Company's hotels and resorts temporarily suspended operations for certain periods of time during 2020. All of the Company's lodging properties had resumed operations by end of May 2021.</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Leisure demand gradually improved during the second half of 2020, a trend that accelerated during the first seven months of 2021. The Company also began to see increasing levels of demand for both business transient and group business during the second quarter and into July 2021. In August and September 2021, however, the Company began to experience a softening in demand due to the impact of the Delta variant and a seasonal decline in leisure demand. Occupancy rebounded in October and November 2021 before declining again in December 2021 as COVID-19 case counts, positivity ratios and hospitalizations began to increase in many parts of the U.S. Additionally, many companies delayed their office re-openings and return to work timelines and the Company began to experience group business cancellations for meetings being held in early 2022. There remains significant uncertainty regarding the pace of recovery and whether and when business travel and larger group meetings will return to pre-pandemic levels. The Company may be impacted by, among other things, the distribution and acceptance of COVID-19 vaccines and boosters, breakthrough cases, and new variants of COVID-19, as well as the ongoing local and national response to the virus including indoor mask mandates, group size limitations and other restrictions. As the recovery continues, we expect that the pace will vary from market to market and may be uneven in nature.</span></div>
CY2021Q4 xhr Number Of Top Lodging Markets For Investing
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25 market
CY2021Q4 us-gaap Number Of Real Estate Properties
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34 property
CY2021Q4 xhr Number Of Rooms In Property
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9659 room
CY2020Q4 us-gaap Number Of Real Estate Properties
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35 property
CY2019Q4 xhr Number Of Rooms In Property
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11245 room
CY2021 us-gaap Prior Period Reclassification Adjustment Description
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<div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Reclassifications</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts in these consolidated financial statements have been reclassified to conform to the presentation as of and for the year ended December 31, 2021.</span></div>
CY2021 us-gaap Use Of Estimates
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<div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Use of Estimates</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the consolidated financial statements in conformity with U.S. Generally Accepted Accounting Principles ("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 economic conditions. Actual results could differ from these estimates.</span></div>
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Risks and Uncertainties</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As a result of the COVID-19 pandemic, the majority of the Company's hotels and resorts temporarily suspended operations for certain periods of time during 2020. All of the Company's hotels had resumed operations by the end of May 2021. The Company's portfolio consists of luxury and upper upscale hotels and resorts, which generally offer restaurant and bar venues, large meeting facilities and event space, and amenities, including spas and golf courses, some of which may have limited operations or may not be able to operate during the recovery in order to comply with implemented safety measures, ongoing or reimplemented restrictions and to accommodate reduced levels of demand. The Company continues to monitor the evolving situation and guidance from federal, state and local governmental and public health authorities and additional actions may be taken or required based on their recommendations and regulations in place. Under these circumstances, there may be developments that require further adjustments to operations.</span></div><div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company cannot predict with certainty whether and when business levels will return to normalized levels after the effects of the pandemic subside or whether hotels that have recommenced operations will be forced to suspend operations or impose additional restrictions due to future variants of COVID-19. The Company expects that recovery in the lodging industry, particularly with respect to business transient and group business, will continue to lag behind the recovery of other industries and factors such as public health (including a significant increase in variant strains of COVID-19 cases), availability and effectiveness of COVID-19 vaccines/boosters and therapeutics, the level of acceptance of the vaccine by the general population and the economic and geopolitical environments may impact the timing, extent and pace of such recovery. Additionally, the effects of the pandemic could materially and adversely affect the Company's ability to consummate acquisitions and dispositions of hotel properties in the near term.</span></div><div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company cannot predict with certainty the full extent and duration of the effects of the COVID-19 pandemic on its business, operating margins, results of operations, cash flows, financial condition, the market price of its common stock, its ability to make distributions to its shareholders, its access to equity and credit markets or its ability to service its indebtedness. Further, we continue to monitor and evaluate the challenges associated with the evolving workforce landscape, particularly related to industry-wide labor shortages and expected increases in wages as well as ongoing supply chain issues which may impact the hotels' ability to source operating supplies and other materials.</span></div>
CY2021 xhr Real Estate Capitalized Interest Costs For Property Tax And Insurance
RealEstateCapitalizedInterestCostsForPropertyTaxAndInsurance
0 USD
CY2020 xhr Real Estate Capitalized Interest Costs For Property Tax And Insurance
RealEstateCapitalizedInterestCostsForPropertyTaxAndInsurance
500000 USD
CY2019 xhr Real Estate Capitalized Interest Costs For Property Tax And Insurance
RealEstateCapitalizedInterestCostsForPropertyTaxAndInsurance
800000 USD
CY2021 xhr Real Estate Capitalized Project Management Compensation And Travel Costs
RealEstateCapitalizedProjectManagementCompensationAndTravelCosts
2200000 USD
CY2020 xhr Real Estate Capitalized Project Management Compensation And Travel Costs
RealEstateCapitalizedProjectManagementCompensationAndTravelCosts
2400000 USD
CY2019 xhr Real Estate Capitalized Project Management Compensation And Travel Costs
RealEstateCapitalizedProjectManagementCompensationAndTravelCosts
2800000 USD
CY2021 xhr Proceeds From Performance Guaranty Payments
ProceedsFromPerformanceGuarantyPayments
2900000 USD
CY2020 xhr Proceeds From Performance Guaranty Payments
ProceedsFromPerformanceGuarantyPayments
3000000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
4900000 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
20100000 USD
CY2020 xhr Goodwill Impairment Number Of Properties
GoodwillImpairmentNumberOfProperties
2 property
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
9400000 USD
CY2021 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
1600000 USD
CY2019 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
800000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-14400000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-4600000 USD
CY2021Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Gross
DebtIssuanceCostsLineOfCreditArrangementsGross
7800000 USD
CY2020Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Gross
DebtIssuanceCostsLineOfCreditArrangementsGross
7200000 USD
CY2021Q4 us-gaap Accumulated Amortization Of Debt Issuance Costs Line Of Credit Arrangements
AccumulatedAmortizationOfDebtIssuanceCostsLineOfCreditArrangements
5300000 USD
CY2020Q4 us-gaap Accumulated Amortization Of Debt Issuance Costs Line Of Credit Arrangements
AccumulatedAmortizationOfDebtIssuanceCostsLineOfCreditArrangements
3200000 USD
CY2021Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
27600000 USD
CY2020Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
21000000 USD
CY2021Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
7300000 USD
CY2020Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
5100000 USD
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-133200000 USD
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-173200000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
38100000 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-4100000 USD
CY2021Q3 xhr Number Of Mortgage Loans Amended
NumberOfMortgageLoansAmended
2 mortgage_loan
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-15900000 USD
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
616188000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
369776000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1149087000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2231000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3183000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
596000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1606000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
4850000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
4850000 USD
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5446000 USD
CY2020Q4 us-gaap Intangible Assets Net Including Goodwill
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6456000 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
20100000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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441000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
118000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
31000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
6000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
596000 USD
CY2020 xhr Debt Instrument Number Of Loans Amended
DebtInstrumentNumberOfLoansAmended
8 loan
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DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
20307000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
15892000 USD
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LongtermDebtWeightedAverageInterestRate
0.0518
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LongTermDebt
1494231000 USD
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LongTermDebt
1374480000 USD
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DebtInstrumentCarryingAmountAndLineOfCredit
1515000000 USD
CY2020Q4 xhr Debt Instrument Carrying Amount And Line Of Credit
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1390000000 USD
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0.0518
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LongtermDebtWeightedAverageInterestRate
0.0478
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LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
4654000 USD
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LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsWeightedAverageInterestRate
0.0438
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LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
5537000 USD
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0.0439
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280070000 USD
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LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThreeWeightedAverageInterestRate
0.0389
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LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
568512000 USD
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LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFourWeightedAverageInterestRate
0.0626
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LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
54379000 USD
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LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveWeightedAverageInterestRate
0.0453
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
601386000 USD
CY2021Q4 xhr Long Term Debt Maturities Repayments Of Principal After Year Five Weighted Average Interest Rate
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFiveWeightedAverageInterestRate
0.0483
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DebtInstrumentCarryingAmount
1514538000 USD
CY2021Q4 xhr Longterm Debt Gross Weighted Average Interest Rate
LongtermDebtGrossWeightedAverageInterestRate
0.0518
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2021Q4 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.0293
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
20307000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1494231000 USD
CY2021Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0518
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InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
-4200000 USD
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DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimateOfTimeToTransfer1
P12M
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1400000 USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1600000 USD
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-200000 USD
CY2021 xhr Gains Losses On Termination Of Derivatives
GainsLossesOnTerminationOfDerivatives
2779000 USD
CY2020 xhr Gains Losses On Termination Of Derivatives
GainsLossesOnTerminationOfDerivatives
659000 USD
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
2991000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-18133000 USD
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-7597000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-7969000 USD
CY2021 us-gaap Interest Expense
InterestExpense
81285000 USD
CY2020 us-gaap Interest Expense
InterestExpense
61975000 USD
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GoodwillGross
34352000 USD
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
34352000 USD
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
29502000 USD
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
29502000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
4850000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
4850000 USD
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GoodwillImpairmentAnalysisNumberOfHotels
3 property
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
20100000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
700000 USD
CY2021 xhr Effective Income Tax Rate Reconciliation At Federal And State Combined Effective Rate
EffectiveIncomeTaxRateReconciliationAtFederalAndStateCombinedEffectiveRate
0.2344
CY2021 xhr Employee Retention Credit Received By Company Cares Act
EmployeeRetentionCreditReceivedByCompanyCARESAct
800000 USD
CY2021 xhr Employee Retention Credit Received By Third Party Managers Cares Act
EmployeeRetentionCreditReceivedByThirdPartyManagersCARESAct
500000 USD
CY2020 xhr Effective Income Tax Rate Reconciliation At Federal And State Combined Effective Rate
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0.2362
CY2020 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
17400000 USD
CY2020 xhr Employee Retention Credit Received By Company Cares Act
EmployeeRetentionCreditReceivedByCompanyCARESAct
500000 USD
CY2020 xhr Employee Retention Credit Received By Third Party Managers Cares Act
EmployeeRetentionCreditReceivedByThirdPartyManagersCARESAct
5900000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5400000 USD
CY2019 xhr Effective Income Tax Rate Reconciliation At Federal And State Combined Effective Rate
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0.2365
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-17360000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
3082000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
718000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
154000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2255000 USD
CY2021 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
718000 USD
CY2020 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
-17206000 USD
CY2019 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
5337000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1060000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
279000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
29000 USD
CY2021 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
0 USD
CY2020 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
1339000 USD
CY2019 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
30000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
718000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5367000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-30235000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-38384000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
13148000 USD
CY2021 xhr Effective Income Tax Rate Reconciliation Tax Benefit Relatedto Real Estate Investment Trust Operations
EffectiveIncomeTaxRateReconciliationTaxBenefitRelatedtoRealEstateInvestmentTrustOperations
28424000 USD
CY2020 xhr Effective Income Tax Rate Reconciliation Tax Benefit Relatedto Real Estate Investment Trust Operations
EffectiveIncomeTaxRateReconciliationTaxBenefitRelatedtoRealEstateInvestmentTrustOperations
25741000 USD
CY2019 xhr Effective Income Tax Rate Reconciliation Tax Benefit Relatedto Real Estate Investment Trust Operations
EffectiveIncomeTaxRateReconciliationTaxBenefitRelatedtoRealEstateInvestmentTrustOperations
-9691000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
0 USD
CY2020 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-3000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-2000 USD
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
3214000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
9399000 USD
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
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0 USD
CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
720000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-28000 USD
CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
9000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1370000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-7536000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1563000 USD
CY2021 xhr Income Tax Reconciliation Net Operating Loss Carry Back Rate Cares Act
IncomeTaxReconciliationNetOperatingLossCarryBackRateCARESAct
0 USD
CY2020 xhr Income Tax Reconciliation Net Operating Loss Carry Back Rate Cares Act
IncomeTaxReconciliationNetOperatingLossCarryBackRateCARESAct
5004000 USD
CY2019 xhr Income Tax Reconciliation Net Operating Loss Carry Back Rate Cares Act
IncomeTaxReconciliationNetOperatingLossCarryBackRateCARESAct
0 USD
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-35000 USD
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-58000 USD
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
336000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
718000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-15867000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5367000 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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14268000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
11347000 USD
CY2021Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
1905000 USD
CY2020Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
1813000 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
107000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
-94000 USD
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
16280000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
13066000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
16280000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
13066000 USD
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2020 xhr Net Operating Losses Generated During Period
NetOperatingLossesGeneratedDuringPeriod
59000000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2021 xhr Common Stock Maximum Authorized Pursuant To At The Market Agreements Value
CommonStockMaximumAuthorizedPursuantToAtTheMarketAgreementsValue
200000000 USD
CY2021Q4 xhr Common Stock Remaining Available Pursuant To At The Market Agreements Value
CommonStockRemainingAvailablePursuantToAtTheMarketAgreementsValue
200000000 USD
CY2019 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
0 shares
CY2021 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
0 shares
CY2020 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
0 shares
CY2021 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2020 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
165516 shares
CY2020 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
13.68
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2300000 USD
CY2019 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2021 xhr Dividends Percent Of Total Nontaxable Return Of Capital
DividendsPercentOfTotalNontaxableReturnOfCapital
1
CY2021 us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
215344 shares
CY2021 xhr Payments For Redemption Of Partnership Capital Units
PaymentsForRedemptionOfPartnershipCapitalUnits
4100000 USD
CY2020 us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
457017 shares
CY2020 xhr Payments For Redemption Of Partnership Capital Units
PaymentsForRedemptionOfPartnershipCapitalUnits
8600000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-143517000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-163330000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
55400000 USD
CY2021 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
0 USD
CY2020 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
150000 USD
CY2019 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
548000 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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826738000 USD

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