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    Jackson Armstrong • Wells Fargo & Company

    Jackson Armstrong's questions to Xenia Hotels & Resorts Inc (XHR) leadership

    Jackson Armstrong's questions to Xenia Hotels & Resorts Inc (XHR) leadership • Q1 2025

    Question

    Jackson Armstrong from Wells Fargo asked about shifts in the group business mix, particularly regarding government and association segments, and sought clarity on the timeline and potential disruption of deferred capital projects, as well as the portion of the CapEx reduction attributable to the Fairmont Dallas sale.

    Answer

    President and COO Barry Bloom explained their portfolio has low government exposure and remains focused on strong corporate and association group business. Chair and CEO Marcel Verbaas stated deferred projects would likely move to 2026 pending ROI reevaluation, with minimal disruption expected due to scheduling in low-season periods. He also confirmed that over $10 million of the $25 million CapEx reduction was from avoiding planned work at the sold Fairmont Dallas.

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    Jackson Armstrong's questions to Diamondrock Hospitality Co (DRH) leadership

    Jackson Armstrong's questions to Diamondrock Hospitality Co (DRH) leadership • Q1 2025

    Question

    Jackson Armstrong of Wells Fargo & Company asked about shifts in consumer behavior, such as booking windows and on-property spending, and inquired about the company's flexibility to cut costs, including current FTE levels.

    Answer

    CEO Jeff Donnelly observed that booking windows are shortening but on-property spend is strong, with F&B revenue at resorts growing in Q1. He confirmed FTE counts are down from pre-pandemic levels but stated they have contingency plans and a hiring freeze, though they are hesitant to cut service while rates are high.

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