What Xenia Hotels and Resorts reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
We lease our corporate headquarters located at 200 S. Orange Avenue, Suite 2700, Orlando, Florida 32801.
The rest of Item 2
As of December 31, 2025, we owned a portfolio of 30 hotels and resorts across 14 states. We believe our portfolio of hotels is geographically diverse as our management team has implemented and executed a strategy of acquiring uniquely positioned luxury and upper upscale hotels and resorts primarily in the top 25 lodging markets and key leisure destinations in the United States.
Our Brand Affiliations
Our portfolio of hotels primarily operates under premium brands, with approximately 86.1% of our rooms operating under Marriott or Hyatt brands. The following table sets forth our brand affiliations as of December 31, 2025:
Number of Hotels · Number of Rooms · Percentage of Total Rooms
Marriott
Autograph Collection · 4 · 472 · 5.3
Marriott · 3 · 1,452 · 16.4
Renaissance · 1 · 522 · 5.9
The Ritz-Carlton · 2 · 570 · 6.4
W · 1 · 346 · 3.9
Westin · 2 · 875 · 9.9
Subtotal · 13 · 4,237 · 47.8
Hyatt
Andaz · 3 · 451 · 5.1
Grand Hyatt · 1 · 496 · 5.6
Hyatt Centric · 1 · 120 · 1.4
Hyatt Regency · 3 · 1,884 · 21.2
Park Hyatt · 1 · 327 · 3.7
The Unbound Collection · 1 · 119 · 1.3
Subtotal · 10 · 3,397 · 38.3
Kimpton · 4 · 637 · 7.2
Loews · 1 · 285 · 3.2
Fairmont · 1 · 185 · 2.1
Hilton - Waldorf Astoria · 1 · 127 · 1.4
Total portfolio · 30 · 8,868 · 100.0
Our Hotels
The following table provides a list of our portfolio as of December 31, 2025(1):
Hotel · Rooms · Year Acquired/Opened · State · Brand Affiliation · Hotel Management Company(2) · Chain Scale Segment(3)
Andaz Napa(4) · 141 · 2013 · CA · Hyatt · Hyatt · L
Andaz San Diego · 159 · 2013 · CA · Hyatt · Hyatt · L
Andaz Savannah · 151 · 2013 · GA · Hyatt · Hyatt · L
Bohemian Hotel Savannah Riverfront, Autograph Collection · 75 · 2012 · GA · Marriott · Kessler · UU
Fairmont Pittsburgh · 185 · 2018 · PA · Fairmont · Accor · L
Grand Bohemian Hotel Charleston, Autograph Collection · 50 · 2015 · SC · Marriott · Kessler · UU
Grand Bohemian Hotel Mountain Brook, Autograph Collection · 99 · 2015 · AL · Marriott · Kessler · UU
Grand Bohemian Hotel Orlando, Autograph Collection(4) · 248 · 2012 · FL · Marriott · Kessler · UU
Grand Hyatt Scottsdale Resort · 496 · 2017 · AZ · Hyatt · Hyatt · L
Hyatt Centric Key West Resort & Spa · 120 · 2013 · FL · Hyatt · Hyatt · UU
Hyatt Regency Grand Cypress · 779 · 2017 · FL · Hyatt · Hyatt · UU
Hyatt Regency Portland at the Oregon Convention Center · 600 · 2019 · OR · Hyatt · Hyatt · UU
Hyatt Regency Santa Clara · 505 · 2013 · CA · Hyatt · Hyatt · UU
Kimpton Canary Hotel Santa Barbara · 97 · 2015 · CA · Kimpton · Kimpton · UU
Kimpton Hotel Monaco Salt Lake City · 225 · 2013 · UT · Kimpton · Kimpton · UU
Kimpton Hotel Palomar Philadelphia · 230 · 2015 · PA · Kimpton · Kimpton · UU
Kimpton RiverPlace Hotel · 85 · 2015 · OR · Kimpton · Kimpton · UU
Loews New Orleans Hotel · 285 · 2013 · LA · Loews · Loews · L
Marriott Dallas Downtown · 416 · 2010 · TX · Marriott · Marriott · UU
Marriott San Francisco Airport Waterfront(4) · 688 · 2012 · CA · Marriott · Marriott · UU
Marriott Woodlands Waterway Hotel & Convention Center(5) · 348 · 2007 · TX · Marriott · Marriott · UU
Park Hyatt Aviara Resort, Golf Club & Spa · 327 · 2018 · CA · Hyatt · Hyatt · L
Renaissance Atlanta Waverly Hotel & Convention Center · 522 · 2012 · GA · Marriott · Renaissance · UU
Royal Palms Resort & Spa, The Unbound Collection by Hyatt · 119 · 2017 · AZ · Hyatt · Hyatt · L
The Ritz-Carlton, Denver · 205 · 2018 · CO · Marriott · Marriott · L
The Ritz-Carlton, Pentagon City(5) · 365 · 2017 · VA · Marriott · Marriott · L
W Nashville · 346 · 2022 · TN · Marriott · Marriott · L
Waldorf Astoria Atlanta Buckhead · 127 · 2018 · GA · Hilton · Waldorf Astoria · L
Westin Galleria Houston · 469 · 2013 · TX · Marriott · Westin · UU
Westin Oaks Houston at the Galleria · 406 · 2013 · TX · Marriott · Westin · UU
(1) Includes only the hotels in our portfolio as of December 31, 2025.
(2) "Accor" refers to Accor Management U.S. Inc.; "Hyatt" refers to Hyatt Corporation; "Kessler" refers to Kessler Collection Management, LLC; "Kimpton" refers to Kimpton Hotel & Restaurant Group, LLC; "Loews" refers to Loews New Orleans Hotel Corp.; "Marriott" refers to Marriott Hotel Services, Inc.; "Renaissance" refers to Renaissance Hotel Operating Company; "Waldorf Astoria" refers to Waldorf Astoria Management, LLC; and "Westin" refers to Westin Operator, LLC.
(3) "L" refers to Luxury and "UU" refers to Upper Upscale as defined by STR.
(4) These properties are subject to mortgage debt as of December 31, 2025.
(5) These hotels are subject to a ground lease that covers all or part of the land underlying the hotel. See "Part I-Item 2. Properties - Our Principal Agreements - Ground Leases and Real Estate Agreements" for more information.
Our Principal Agreements
Hotel Management and Franchise Agreements
In order to maintain our qualification as a REIT, we cannot directly or indirectly operate any of our hotels. We lease each of our 30 hotels to TRS lessees, which in turn engage property managers to manage our hotels. Each of our hotels is operated pursuant to a management agreement with an independent third-party hotel management company. Approximately 5% of our portfolio (by room count as of December 31, 2025) are also operated under distinct franchise agreements, which we refer to as "franchised hotels." Approximately 95% of our portfolio (by room count as of December 31, 2025) are operated pursuant to a management agreement, which we refer to as "brand-managed hotels."
Below is a general overview of the management and franchise agreements for our hotels, summarizing the principal terms found in each type of agreement.
Management Agreements for Brand-Managed Hotels