Xenia Hotels & Resorts, which has three properties in Houston and one in Austin, performed preliminary physical inspections on the properties after Hurricane Harvey rolled through. Currently the properties remain open without significant damage.
ORLANDO, Florida, Aug. 28, 2017 -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced that preliminary physical inspections of its hotels directly impacted by Hurricane Harvey have indicated no significant property damage. This includes its three hotels located in the Houston, Texas area and one hotel located in Austin, Texas. These hotels currently remain open and operating, though the Company recognizes that the storm remains an on-going threat and conditions may change at any time. Xenia is currently evaluating the financial impact from the storm and its ability to recover any lost income through insurance policies in place at the hotels.
"Our thoughts go out to the people and communities impacted by Hurricane Harvey," commented Marcel Verbaas, President and Chief Executive Officer of Xenia. "We continue to monitor the storm, but are confident in our hotel management teams' abilities to take care of their employees and guests. We are assessing the financial impact to our business, but for now are focused on supporting the operating teams at our properties as they cope with this natural disaster."
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