Xenia acquires two hotels from Hyatt
Phoenix/Scottsdale, Arizona – 5 October 2017 –
Xenia Hotels & Resorts acquires 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 US$305 million, or approximately US$498,350 per key.
“The acquisition … Read More