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In connection with the transaction, the buyer assumed the US$60.3 million mortgage collateralized by the hotel. LUXURY 'Xenia Hotels & esorts, Inc. ANDAZ NAPA. JUNE 2018. Residence Inn Boston Cambridge 83 Royal Palms Resort & Spa, The Unbound Collection by Hyatt. 81. Marcel Verbaas - Chairman & Chief Executive Officer. 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. 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 This transaction marks the sale of the only remaining select service asset in the company’s portfolio. 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 net operating income, respectively. William Crow - Raymond James & Associates. 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. “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. 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. 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. 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. 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. 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. 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. Xenia Hotels & Resorts has plans to sell five hotels across the country worth more than $500 million combined, reported Real Estate Alert. 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. Andaz Napa 2 NAPA, CALIFORNIA 141 ROOMS . The sale price represents a 11.6x multiple and a 7.8% capitalization rate on the hotel's 2019 Hotel EBITDA and … Most relevant news about XENIA HOTELS & RESORTS, INC. 10/01: XENIA HOTELS & RESORTS: Sells Residence Inn Boston Cambridge For $107.5 Million 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. XENIA PORTFOLIO. 79 RESIDENCE INN DENVER CITY CENTER Xenia Hotels & Resorts, Inc. Residence Inn Denver City Center 80 DENVER, COLORADO 228 ROOMS 80. 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. Created Date: 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, 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 has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Mass., for $107.5 million. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. 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 of this hotel is the culmination of a highly competitive process, and we … Conference Call Participants. Xenia owns one other property in Massachusetts: the Residence Inn Boston Cambridge in Cambridge. “The sale price represents a 11.6-times multiple and a 7.8% capitalization rate on the hotel’s … 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. (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. 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, … Read full article » David Katz - Jefferies. Xenia Hotels & Resorts has sold its 221-room Residence Inn Boston Cambridge hotel in Cambridge, Massachusetts for $107.5 million. Atish Shah - Executive Vice President, Chief Financial Officer & Treasurer. 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. 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, Inc. is a real estate investment trust company, which engages in the investment in premium services, lifestyle, and urban upscale hotels. Xenia Hotels & Resorts Sells Residence Inn Boston Cambridge for $107.5 Million. 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. 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. 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