Xenia Hotels & Resorts reports no significant impact from Irma or Harvey
Xenia Hotels & Resorts' hotels in Orlando, Savannah, Atlanta, Birmingham, and Charleston, South Carolina, did not experience any significant property damage as a result of Hurricane Irma. Each of the company's eight hotels in these markets is currently open and operating. The Hyatt Centric Key West Resort & Spa located in Key West, Florida is currently closed. The company is currently unable to provide further updates regarding the property's physical condition or when it is expected to re-open. The company's corporate office located in Orlando did not sustain any significant damage and is fully operational.As for Hurricane Harvey, none of the hotels experienced significant property damage, and all four hotels in these markets are open and operating. The company will continue to evaluate the financial impact from both storms and its ability to recover any insurance proceeds from property damage and/or lost income through insurance policies in place at the hotels.