ORLANDO, Fla.,
March 15, 2022
/PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR)
("Xenia" or the "Company") today announced the appointment of Ms.
Arlene Isaacs-Lowe to its Board of
Directors, effective March 14, 2022.
Ms. Isaacs-Lowe was also appointed as a member of the Nominating
and Corporate Governance Committee effective March 14, 2022. With the appointment, the
Company's Board of Directors increased to ten members, nine of whom
are independent, including Ms. Isaacs-Lowe. Ms. Isaacs-Lowe will
stand for election as a Board-recommended nominee at the 2022
Annual Meeting of Shareholders.
"On behalf of Xenia's Board of Directors and management team, I
am pleased to welcome Arlene to our Board," commented Marcel Verbaas, Chairman and Chief Executive
Officer of Xenia. "Arlene brings a wealth of relevant experience to
the Board, and we look forward to her insights that we expect to
contribute greatly to the continued success of the Company. Her
expertise in ESG initiatives, risk management, credit markets and
commercial real estate, coupled with her financial acumen and
executive leadership experience, will be of significant value to
the Board as it sets and directs the Company's strategy in the
years ahead."
Ms. Isaacs-Lowe currently serves as Special Advisor to the
executive leadership team of Moody's Corporation (NYSE:
MCO)("Moody's"), an American business and financial services
company and provider of financial analysis software and services.
She expects to continue in this role until her planned retirement
from Moody's in June 2022. Prior to
her role as Special Advisor, from April
2017 to June 2021, Ms.
Isaacs-Lowe served as the Global Head of Corporate Social
Responsibility (CSR) for Moody's and President of Moody's
Foundation. In that role, she championed the integration of
environmental, social and governance (ESG) considerations across
Moody's to align with stakeholder capitalism and as drivers of
long-term value. During her tenure with Moody's, Ms. Isaacs-Lowe
also served as the leader of Moody's Investor Service Commercial
Group's relationship management team responsible for business
development and account management efforts in Europe, the Middle
East, and Africa. Prior to
joining the Commercial Group in 2010, Ms. Isaacs-Lowe was a lead
credit analyst in Moody's Financial Institutions Group for 12
years. Prior to joining Moody's, Ms. Isaacs-Lowe held positions
with Equinox Realty Advisors, LLC, MetLife, and West World Holding,
Inc.
Ms. Isaacs-Lowe currently serves as a non-executive director on
the board of Compass PLC, a FTSE100 company and a leading provider
of food and support services globally. Ms. Isaacs-Lowe received a
degree in accounting from Howard
University and holds an MBA, summa cum laude, from
Fordham University. She is a member of
the New York State Society of
CPAs, the New York State Society
of Security Analysts, and the CFA Institute.
About Xenia Hotels & Resorts, Inc.
Xenia Hotels & Resorts, Inc. is a self-advised and
self-administered REIT that invests in uniquely positioned luxury
and upper upscale hotels and resorts with a focus on the top 25
lodging markets as well as key leisure destinations in the United States. The Company owns 33 hotels
and resorts comprising 9,468 rooms across 13 states. Xenia's hotels
are in the luxury and upper upscale segments, and are operated
and/or licensed by industry leaders such as Marriott, Hyatt,
Kimpton, Fairmont, Loews, Hilton, and The Kessler Collection. For
more information on Xenia's business, refer to the Company website
at www.xeniareit.com.
This press release contains statements as to the Company's
beliefs and expectations of the outcome of future events that are
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995 and within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. You can identify these
statements by the fact that they do not relate strictly to
historical or current facts. These forward-looking statements are
subject to risks and uncertainties that could cause actual results
to differ materially from the statements made. These risks and
uncertainties include, but are not limited to, the effects of the
COVID-19 pandemic, including on the demand for travel, transient
and group business (including, but not limited to,
government-imposed travel or meeting restrictions), and levels of
consumer confidence in the safety of travel as a result of the
pandemic; the length of the COVID-19 pandemic and severity of such
pandemic in the United States; the
pace of economic recovery and the recovering of consumer confidence
following the COVID-19 pandemic; our ability to implement
cost-containment strategies; the adverse effects of the COVID-19
pandemic on our business or the market price of our common stock;
and our ability to service, restructure or refinance our debt; our
ability to be in compliance with our debt covenants; our ability to
access capital on acceptable terms or at all and uncertainty in
both the debt and equity capital markets; and the outcome of legal
proceedings or other disputes. Other factors that could cause
results to differ are described in the filings made from time to
time by the Company with the U.S. Securities and Exchange
Commission and include the risk factors and other risks and
uncertainties described in the Company's Annual Report on Form 10-K
for the year ended December 31, 2021,
as updated in its Quarterly Reports on Form 10-Q and its Current
Reports on Form 8-K. Except as required by law, the Company does
not undertake, and hereby disclaims, any obligation to release
publicly any revisions to forward-looking statements made by it to
reflect events or circumstances occurring after the date hereof or
the occurrence of unanticipated events.
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