Xenia Hotels & Resorts (XHR) will raise its quarterly dividend by 19.6 percent to $0.275 per share in 2016. Last year the lodging REIT initiated a quarterly dividend following its initial public offering.

Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that invests primarily in luxury and upper upscale hotels and resorts, with a focus on the top U.S. lodging markets as well as key leisure destinations in the United States. The company owns hotels across multiple states. Xenia's hotels are primarily in the luxury and upper upscale segments, and operated and/or licensed by industry leaders such as Marriott, Hyatt, Kimpton, Fairmont, Loews, and Hilton, as well as leading independent management companies including The Kessler Collection and Sage Hospitality. Xenia Hotels & Resorts, Inc. had been paying a dividend since 2015 when it became publicly traded.