Xenia sells Cambridge Residence Inn for $100m: Orlando, Florida-based real estate investment trust Xenia Hotels & Resorts has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts, for $107.5 million, or approximately $486,500 per key, according to a news release. Xenia Hotels & Resorts has plans to sell five hotels across the country worth more than $500 million combined, reported Real Estate Alert. Xenia Hotels & Resorts, Inc. | October 5, 2020. Read full article » Xenia sells Boston Cambridge for US$107.5M: Orlando, Florida-based Xenia Hotels & Resorts sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts, for US$107.5 million, or approximately US$486,500 per key. Xenia owns one other property in Massachusetts: the Residence Inn Boston Cambridge in Cambridge. In connection with the transaction, the buyer assumed the US$60.3 million mortgage collateralized by the hotel. The hotel will be a welcomed addition to the limited hotel options that currently exist in Watertown, which is a growing destination for Boston/Cambridge leisure travel, … 79 RESIDENCE INN DENVER CITY CENTER Xenia Hotels & Resorts, Inc. Residence Inn Denver City Center 80 DENVER, COLORADO 228 ROOMS 80. In addition to the … “The sale price represents a 11.6-times multiple and a 7.8% capitalization rate on the hotel’s … The 15-story, 221 room hotel was originally constructed in 1998 and is located in the heart of Kendall Square. Xenia Hotels & Resorts, Inc. is a real estate investment trust company, which engages in the investment in premium services, lifestyle, and urban upscale hotels. Xenia Hotels & Resorts has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Mass., for $107.5 million. Conference Call Participants. “The sale of this hotel is the culmination of a highly competitive process, and we … ORLANDO, Fla. , Oct. 1, 2020 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million , or approximately $486,500 per key. Xenia Hotels & Resorts, Inc. has announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5M. Xenia Hotels & Resorts, Inc. (NYSE: XHR) last week announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. This transaction marks the sale of the only remaining select service asset in the company’s portfolio. Xenia Hotels & Resorts Sells Residence Inn Boston Cambridge For $107.5 Million Stockhouse 6 days ago Xenia Hotels & Resorts Announces Timing Of Third Quarter 2020 Earnings Release And Conference Call Xenia: Residence Inn Boston Cambridge Sold For $107.5 Million Xenia Hotels & Resorts, Inc. (NYSE: XHR) last week announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. ORLANDO, Fla., Oct. 5, 2020 -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. The Company applied a portion of net proceeds from its recent sale of Residence Inn Boston Cambridge to partially repay its revolving credit facility and its two term loans maturing in 2022. Including the dispositions of Residence Inn Boston Cambridge and Marriott Napa Valley Hotel & Spa, which were both completed in October, the combined sale prices of … The sale price represents a 11.6x multiple and a 7.8% capitalization rate on the hotel's 2019 Hotel EBITDA and net operating income, respectively. RESIDENCE INN BOSTON CAMBRIDGE Xenia Hotels & Resorts, Inc. Residence Inn Boston Cambridge 78 CAMBRIDGE, MASSACHUSETTS 221 ROOMS 78. Andaz Napa 2 NAPA, CALIFORNIA 141 ROOMS . Hotel Commonwealth opened in 2003. Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced it has completed the previously announced dispositions of the 245-room Hotel Commonwealth in Boston, Massachusetts for $113.0 million, or approximately $461,000 per key, and the 492-room Renaissance Austin Hotel in Austin, Texas for $70.0 million, or approximately $142,000 per key. Marcel Verbaas - Chairman & Chief Executive Officer. The 221-room hotel, located in Cambridge, Mass., sold for $107.5 million. Xenia Hotels & Resorts, Inc. Q3 2020 Earnings Conference Call October 30, 2020 1:00 PM ET. ORLANDO, Fla., Oct. 1, 2020 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. David Katz - Jefferies. XENIA PORTFOLIO. Residence Inn Boston Cambridge 83 Royal Palms Resort & Spa, The Unbound Collection by Hyatt. 81. JUNE 2018. Created Date: Xenia Hotels & Resorts Sells Residence Inn Boston Cambridge for $107.5 Million. William Crow - Raymond James & Associates. Xenia Hotels Resorts, Inc. (NYSE: XHR ) ("Xenia" or the "Company") today announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million , or approximately $486,500 per key. CAMBRIDGE, MA — Xenia Hotels & Resorts, Inc. announced it has sold the 221-room Residence Inn Cambridge in Cambridge, MA for a price of $107.5 million, or approximately $486,500 per key. Subsequent to quarter end, and as previously announced, in October the Company completed the sale of Residence Inn Boston Cambridge for a price of $107.5 million, or approximately $486,500 per key. “We are pleased to have completed the sale of Residence Inn Boston Cambridge, the only remaining select service asset in our portfolio,” said Marcel Verbaas, Xenia’s chairman and CEO. LUXURY 'Xenia Hotels & esorts, Inc. ANDAZ NAPA. Xenia Hotels & Resorts, Inc. (NYSE: XHR) today announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key.The sale price represents a 11.6x multiple and a 7.8% capitalization rate on the hotel's 2019 Hotel EBITDA and net operating income, respectively. ANDAZ SAN DIEGO 3 Xenia Hotels & Resorts, Inc. ... Xenia Hotels & Resorts, Inc. Xenia Hotels & Resorts has sold the Residence Inn Boston Cambridge hotel in Cambridge, Massachusetts, for $107.5 million in a transaction that marks … Xenia Hotels & Resorts announced it has sold to an unnamed buyer the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts, for $107.5 million. Atish Shah - Executive Vice President, Chief Financial Officer & Treasurer. Xenia has approximately US$600 million of liquidity, including cash and cash equivalents and availability under its revolving credit facility; In October, Xenia completed the sale of Residence Inn Boston Cambridge for US$107.5 million and Marriott Napa Valley Hotel & Spa for US$100.1 million. By Eric Convey Most relevant news about XENIA HOTELS & RESORTS, INC. 10/01: XENIA HOTELS & RESORTS: Sells Residence Inn Boston Cambridge For $107.5 Million The sale price represents a 11.6x multiple and a 7.8% capitalization rate on the hotel's 2019 Hotel EBITDA and net operating income, respectively. CBRE is marketing two Boston-area properties: the 245-room Hotel Commonwealth, valued at $135 million, and the 221-room Residence Inn Boston Cambridge, valued at $121.5 million. Including the dispositions of Residence Inn Boston Cambridge and Marriott Napa Valley Hotel & Spa, which were both completed in October, the combined sale prices of … Xenia Hotels & Resorts Sells Residence Inn Boston Cambridge For $107.5 Million Oct 1, 2020 Xenia Hotels & Resorts Announces Timing Of Third Quarter 2020 Earnings Release And Conference Call Xenia Hotels sells Residence Inn Boston Cambridge for $107.5M Xenia Hotels & Resorts has exited the select-service asset class with the sale of the Residence Inn Boston Cambridge. Subsequent to quarter end, and as previously announced, in October the Company completed the sale of Residence Inn Boston Cambridge for a price of $107.5 million, or approximately $486,500 per key. Xenia Hotels & Resorts has sold its 221-room Residence Inn Boston Cambridge hotel in Cambridge, Massachusetts for $107.5 million. Subsequent to quarter end, and as previously announced, in October the Company completed the sale of Residence Inn Boston Cambridge for a price of $107.5 million, or approximately $486,500 per key. Watertown, MA – Boylston Properties and Stonebridge Companies announced that the Hampton Inn & Suites by Hilton™ Watertown Boston is scheduled to open at the end of December 2020 in the heart of Arsenal Yards.. The sale price represents a 11.6x multiple and a 7.8% capitalization rate on the hotel's 2019 Hotel EBITDA and …
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