Xenia Hotels & Resorts, Inc. (XHR) Covered Calls

Xenia Hotels & Resorts, Inc. is a self-advised and self-administered real estate investment trust (REIT) that invests in uniquely positioned luxury and upper upscale hotels and resorts. The company focuses on the top 25 lodging markets as well as key leisure destinations in the United States. Its portfolio consists of high-quality assets operated and/or licensed by industry leaders such as Marriott, Hyatt, Kimpton, Fairmont, Loews, and Hilton.

You can sell covered calls on Xenia Hotels & Resorts, Inc. to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for XHR (prices last updated Wed 4:16 PM ET):

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Xenia Hotels & Resorts, Inc. (XHR) is a premier lodging REIT dedicated to owning a diversified portfolio of luxury and upper upscale hotels. As of 2026, the company owns 30 hotels comprising approximately 8,868 rooms across 14 states. Xenia’s investment strategy centers on "uniquely positioned" assets—properties that possess a competitive advantage due to their location, brand affiliation, or physical physical attributes. This focus allows the company to capture high-margin corporate, group, and leisure demand in major urban markets and popular resort destinations.

The company’s revenue model is highly diversified, with a significant portion of its income derived from non-room sources such as food and beverage, meeting space rentals, and spa services. In fact, Xenia maintains one of the highest non-room revenue mixes among its lodging REIT peers, which provides a buffer during periods of fluctuating occupancy. The firm operates under a "brand-heavy" model, partnering with global hospitality giants to leverage their massive loyalty programs and distribution networks. By 2026, Xenia has successfully optimized its portfolio through strategic dispositions of non-core assets and reinvestment into high-growth "Sunbelt" markets and top-tier leisure hubs like Scottsdale and Orlando.

Competitive Landscape

The lodging REIT sector is highly sensitive to macroeconomic cycles and corporate travel budgets. XHR competes with other hotel owners for high-quality acquisitions and institutional capital. Competition is based on portfolio quality, geographic diversification, and the ability to drive Revenue Per Available Room (RevPAR) growth through active asset management.

1. Host Hotels & Resorts: The largest lodging REIT and the primary benchmark for the industry, competing for flagship luxury assets in major gateway cities.
2. DiamondRock Hospitality: A direct competitor in the premium hotel space that also emphasizes lifestyle and destination-oriented properties.
3. RLJ Lodging Trust: Competes in the premium select-service and compact full-service segments, often in similar urban markets.
4. Apple Hospitality REIT: A major peer focused on upscale select-service hotels, providing a comparison for operational efficiency and dividend stability.
5. Summit Hotel Properties: A competitor in the upscale segment that focuses on high-growth submarkets and corporate-heavy travel hubs.

Strategic Outlook and Innovation

The strategic roadmap for 2026 targets a 7% increase in adjusted FFO per share, driven by a 10% increase in group revenue pace and the continued ramp-up of renovated assets like the Grand Hyatt Scottsdale. Management is prioritizing "high-conviction" capital projects, such as ballroom expansions and food and beverage concepts, to further boost non-room revenue. The company remains opportunistic regarding the transaction market, looking for acquisitions in markets where it is currently under-concentrated, while maintaining a disciplined share repurchase program to support valuation.

Innovation at Xenia is centered on "Experience-Driven" asset management and sustainability. The company is utilizing advanced data analytics to tailor guest experiences and optimize labor costs, which remain a significant headwind in the service industry. Furthermore, Xenia is investing in energy-efficient infrastructure and "smart room" technology across its portfolio to reduce its carbon footprint and appeal to ESG-conscious corporate travelers. By integrating AI-driven revenue management systems with brand-partner data, Xenia aims to maximize total RevPAR and maintain its position as a top-tier performer in the luxury lodging sector through 2026 and beyond.

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