Xenia Hotels & Resorts provides update on impact from Hurricanes Irma and Harvey

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Xenia Hotels & Resorts, Inc. today announced that its 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 120-room Hyatt Centric Key West Resort & Spa located in Key West, Florida is currently closed. The resort’s employees and guests were evacuated in advance of Hurricane Irma making landfall. The Company is currently unable to provide further updates regarding the property’s physical condition or when it is expected to re-open, as it will be performing a complete assessment as soon as circumstances allow.

The Company’s corporate office located in Orlando did not sustain any significant damage and is fully operational.
As it relates to Hurricane Harvey, further inspections of the Company’s Houston and Austin hotels confirmed that none of the hotels experienced significant property damage, and all four hotels in these markets are open and operating.

Xenia maintains property and business interruption insurance at its hotels, including those affected by the storms. 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.

“Our thoughts continue to be with the people in all locations impacted by these two destructive storms,” commented Marcel Verbaas, President and Chief Executive Officer of Xenia. “We are very proud of the efforts the hotels have put forth to cater to the needs of guests and associates, as well as to the communities in which they are located.”