ATM Program

On August 5, 2026, Xenia Hotels & Resorts, Inc. (the "Company") and XHR LP (the "Operating Partnership") entered into an equity distribution agreement (the "equity distribution agreement") with Jefferies LLC, Robert W. Baird & Co. Incorporated, BofA Securities, Inc., Credit Agricole Securities (USA) Inc., Fifth Third Securities, Inc., Goldman Sachs & Co. LLC, KeyBanc Capital Markets Inc., Regions Securities LLC and Truist Securities, Inc., as sales agents, principals and/or (except in the case of Fifth Third Securities, Inc.) forward sellers (in any such capacity, each a "Manager" and, collectively, the "Managers") and certain of their affiliates as forward purchasers (in such capacity, each a "Forward Purchaser" and, collectively, the "Forward Purchasers"), providing for the offer and sale of shares of the Company’s common stock, par value $0.01 per share ("common stock"), having an aggregate gross sales price of up to $200 million through the Managers, as the Company’s sales agents or, if applicable, as forward sellers, or directly to the Managers, as principals. Prior to entry into the equity distribution agreement, the Company terminated its prior at-the-market offering program pursuant to the equity distribution agreement, dated March 2, 2018 (as amended, the "prior equity distribution agreement"), entered into with the agents named therein. At the time of the termination of the prior equity distribution agreement, an aggregate gross sales price of $200 million of common stock remained unsold under the prior equity distribution agreement.