Xenia Hotels & Resorts Acquires Hyatt Regency Portland at The Oregon Convention Center for $190 Million

Xenia Hotels & Resorts, Inc. | December 19, 2019

ORLANDO, Fla., Dec. 19, 2019 -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced it has acquired the newly developed 600-room Hyatt Regency Portland at the Oregon Convention Center located in Portland, Oregon for a purchase price of $190 million, or approximately $317,000 per key.  The purchase price includes the complete development cost of the hotel, as well as pre-opening and startup costs, working capital, and all supplies to ensure the hotel was fully operational upon opening.  The acquisition was funded with cash available on the Company's balance sheet and its senior unsecured credit facility. Â...