Xenia Hotels & Resorts Inc Q1 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: William Andrew Crow - Raymond James & Associates, Inc., Research Division - Analyst : Two questions. Barry, maybe for you first. I think the labor issue has been discussed in just about all of these calls, and I want to ask it from a slightly different point of view, which is any indication in the guest reviews that they're starting to get frustrated by some of the staffing shortages.

Question: William Andrew Crow - Raymond James & Associates, Inc., Research Division - Analyst : Yes, okay. Something to keep an eye on, I guess. Marcel, there's a really strong bid out there for assets these days. And I'm just wondering whether that prompts you to think about continuing to refine your portfolio by selling maybe some noncore assets or maybe that aren't quite as high quality as the ones that you've acquired more recently.

Question: Aryeh Klein - BMO Capital Markets Equity Research - Analyst : Marcel, you noted some of the potential ROI opportunities you have in the portfolio. Can you maybe elaborate on some of those? And then given demand, how demand is returning, is there any opportunity to pull some of those forward into this year?

Question: Aryeh Klein - BMO Capital Markets Equity Research - Analyst : And then just on the labor front, how should we think about those expenses kind of flowing back in as you try to be a little more aggressive here to hire some more people to keep up with the pace of demand?