Xenia Hotels sees FY25 AFFO $1.55-$1.74, consensus $1.71

Sees FY25 adjusted EBITDAre $244M-$264M. Sees FY25 capital expenditures $100M-$110M. The company said, “We are thrilled to have substantially completed the transformative renovation and upbranding of Grand Hyatt Scottsdale, with just some minor components remaining to be finished in 2025. The opening of the expanded Arizona Ballroom in early January was another significant milestone and the reception to this phenomenal facility has been extremely positive,” continued Verbaas. “With the resort now fully operational and ramping up, we are entering the next phase during which we expect this strategic investment to deliver meaningful returns. The heavy lifting is behind us, and we are confident that this property will drive strong cash flow through stabilization and into the future.”