Lorien Hotel & Spa
Xenia Hotels & Resorts Completes Disposition of Lorien Hotel & Spa
Xenia Hotels & Resorts | July 10, 2024
ORLANDO, Fla., July 10, 2024-- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced it has completed the disposition of the 107-room Lorien Hotel & Spa in Alexandria, VA, for $30 million, or approximately $280,000 per key. The sale price represents a 21.3x multiple and a 3.1% capitalization rate on Hotel EBITDA and Net Operating Income for the trailing twelve months ended May 31, 2024, respectively. Proceeds will be utilized for general corporate purposes, which may include share repurchases, debt repayment, capital expenditures and acquisitions consistent with the Company's long-term strategy....
Davidson Hospitality Group Selected to Operate Lorien Hotel & Spa in Old Town Alexandria, Virginia
Davidson Hospitality Group | February 8, 2022
ATLANTA, GA – February 8, 2022 – Davidson Hospitality Group announces the addition of Lorien Hotel & Spa to its management portfolio, the third Washington D.C.-area hotel to be managed under the company’s Pivot lifestyle operating vertical. Located in the heart of Virginia’s historic Old Town Alexandria, the 107-room boutique hotel is just minutes from the metropolitan bustle of the nation’s capital and within easy access of the neighboring Virginia countryside. Lorien Hotel & Spa is an oasis for rejuvenation that embodies a West Coast vibe of casual elegance and laid-back luxury, nestled among the charming Old Town bric...
