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XHR

Xenia Hotels & Resorts

$20.85

0.25 (1.21%)

07:13
09/25/17
09/25
07:13
09/25/17
07:13

Xenia Hotels & Resorts provides update on Hyatt Centric Key West Resort & Spa

Xenia Hotels & Resorts provided an update regarding the impact of Hurricane Irma on its 120-room Hyatt Centric Key West Resort & Spa. The resort closed on September 6, 2017 following the mandatory evacuation order. The property sustained limited wind damage and water intrusion from the storm and was partially re-opened on September 22, 2017. The Company is working closely with the hotel manager and other professionals to fully assess storm-related damage and complete the necessary restoration. Xenia currently believes the hotel will fully re-open in the next few weeks. As previously disclosed, Xenia holds property and business interruption insurance at its hotels. Hyatt Centric Key West Resort & Spa is subject to an insurance deductible of approximately $3M for named storms. The Company is still assessing the financial impact of both Hurricane Harvey and Hurricane Irma, and expects to provide an update to full-year 2017 guidance during its third quarter earnings call.

  • 08

    Nov

XHR Xenia Hotels & Resorts
$20.85

0.25 (1.21%)

12/13/16
WELS
12/13/16
DOWNGRADE
WELS
Market Perform
Xenia downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Jeffrey Donnelly downgraded Xenia Hotels & Resorts to Market Perform citing the recent multiple expansion post-election and risk from outsized supply growth in Houston. The analyst has a $19-$20 price target range for the shares.
12/14/16
NOMU
12/14/16
INITIATION
Target $22
NOMU
Buy
Xenia Hotels & Resorts initiated with a Buy at Nomura
Nomura analyst Brian Dobson initiated Xenia Hotels with a Buy and a $22 price target citing due to the improving macro landscape, renovation tailwinds, margin efficiencies, and reduced supply growth.

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Verizon

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CE

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STLD

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Toshiba, also use TOSYY

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GILD

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POT

Potash

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VMI

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