ORLANDO,
Fla., Nov. 17, 2023 /PRNewswire/ -- Xenia Hotels
& Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today
announced that its Board of Directors authorized a cash dividend of
$0.10 per share of the Company's
common stock for the fourth quarter 2023. The dividend will be paid
on January 12, 2024, to all holders
of record of the Company's common stock as of the close of business
on December 29, 2023.
In addition, the Company's Board of Directors authorized the
repurchase of up to an additional $100
million of the Company's outstanding common shares.
Repurchases may be made in the open market and privately negotiated
transactions, or by other means, including Rule 10b5-1 trading
plans. The repurchase program may be suspended or discontinued at
any time and does not obligate the Company to acquire any
particular amount of shares. Inclusive of this additional
authorization, the Company had approximately $164 million remaining under its total repurchase
authorization as of November 16,
2023.
About Xenia Hotels & Resorts, Inc.
Xenia Hotels
& Resorts, Inc. is a self-advised and self-administered REIT
that invests in uniquely positioned luxury and upper upscale hotels
and resorts, with a focus on the top 25 lodging markets as well as
key leisure destinations in the United
States. The Company owns 32 hotels comprising 9,511 rooms
across 14 states. Xenia's hotels are in the luxury and upper
upscale segments and operated and/or licensed by industry leaders
such as Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, The
Kessler Collection, and Davidson. For more information on Xenia's
business, refer to the Company website at www.xeniareit.com.
For additional information or to receive
press releases via email, please visit our website at
www.xeniareit.com
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SOURCE Xenia Hotels & Resorts, Inc.