xenia hotels resorts inc
Hilton Garden Inn Washington D.C. Downtown Completes Multi-Million Renovation Led by General Manager Brian Reymann
Hilton Garden Inn Washington D.C. Downtown | May 29, 2018
WASHINGTON, D.C. – May 29, 2018 – Hilton Garden Inn Washington D.C. Downtown has unveiled the results of a $7.5-million project encompassing the top-to-bottom renovation of all 300 guest rooms and suites, bathroom upgrades that include the conversion of tubs to showers in all king rooms, as well as a refresh of guest room corridors. The redesign brings elements from the surrounding city inside, creating an original aesthetic not found in other hotels in the capital. "Our hotel has always been a leader within the city and the Hilton Garden Inn brand. The location in the center of our nation's capital is ideal for both busines...
Xenia Hotels & Resorts Acquires The Ritz-Carlton Pentagon City For $105 Million
Xenia Hotels & Resorts, Inc. | October 5, 2017
ORLANDO, Fla., Oct. 5, 2017 -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced its acquisition of The Ritz-Carlton Pentagon City, a 365-room luxury hotel located in Arlington, Virginia, for a purchase price of $105 million, or approximately $287,670 per key. The acquisition was funded with cash available on the Company's balance sheet and its senior unsecured credit facility. The purchase price represents an estimated 11.3x multiple on 2017 forecasted Hotel EBITDA. The Company currently forecasts that the hotel will generate approximately $2 millionof Hotel EBITDA for the r...
Xenia Hotels & Resorts Acquires Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch and Royal Palms Resort & Spa for $305 Million
Xenia Hotels & Resorts, Inc. | October 5, 2017
ORLANDO, Fla., Oct. 5, 2017 -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced its acquisition of Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch, a 493-room upper upscale resort located in Scottsdale, Arizona, and Royal Palms Resort & Spa, a 119-room luxury resort located in Phoenix, Arizona that is part of The Unbound Collection by Hyatt. The Company acquired the two hotels from affiliates of Hyatt Hotels Corporation for a combined purchase price of $305 million, or approximately $498,350 per key. The purchase price represents an estimated 12.6x multiple on 2017...
Xenia Hotels & Resorts Acquires Hyatt Regency Grand Cypress in Orlando for $205.5 Million
Xenia Hotels & Resorts, Inc. | May 30, 2017
ORLANDO, Fla., May 30, 2017-- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced its acquisition of the 815-key Hyatt Regency Grand Cypress in Orlando, Floridafrom an affiliate of Hyatt Hotels Corporation for a purchase price of $205.5 million, or approximately $252,000per key. The acquisition was funded with cash available on the Company's balance sheet and its senior unsecured credit facility. Additional details on the transaction can be found in the presentation posted on the Company's website, www.xeniareit.com. "The acquisition of Hyatt Regency Grand Cypress repr...
