American City Business Journals
Two Orlando-based publicly traded hospitality firms — Xenia Hotels & Resorts Inc. (NYSE: XHR) and Ruth’s Hospitality Group (Nasdaq: Ruth) — are having a good start to 2022. The market capitalization for the two firms — the total dollar market value of a company’s outstanding stock that helps determine what a company is worth — has each gone up as of May 1, compared to Jan. 1, said Business Journals data. Here’s a look at each company: Xenia Hotels, the Orlando-based hotel real estate investment trust, saw a 7% increase in market cap from $2.06 billion on Jan. 1 to $2.2 billion as of May. Xenia stock price on May 1 was $19.29, a 7% increase from $18.09 recorded on the first day of the year.