Among
the noteworthy deals of the past week was Xenia Hotels & Resorts’ sale of
the 545-key Fairmont Dallas to an undisclosed buyer for $111 million.
DALLAS —
Orlando, Florida-based REIT Xenia Hotels & Resorts has completed the sale
of the 545-key Fairmont Dallas to an undisclosed buyer for $111 million, or
approximately $203,670 per key.
Xenia CEO
Marcel Verbaas said the property had “significant and disruptive near-term
capital needs” as well as the expected impact on the market from the upcoming
redevelopment of the Dallas Convention Center.
For more on
this deal, click here.
To download
our list of deals from the past week in Excel format, click here.