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Hyatt Regency Portland

Xenia Hotels & Resorts Acquires Hyatt Regency Portland At The Oregon Convention Center

Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced it has acquired the newly developed 600-room Hyatt Regency Portland at the Oregon Convention Center located in Portland, Oregon for a purchase price of $190 million, or approximately $317,000 per key. The purchase price includes the complete development cost of the hotel, as well as pre-opening and startup costs, working capital, and all supplies to ensure the hotel was fully operational upon opening. The acquisition was funded with cash available on the Company's balance sheet and its senior unsecured credit facility. The Company does not anticipate the hotel to materially impact the Company's EBITDA during the remainder of 2019.

Hyatt and Xenia Hotels & Resorts, Inc.
Portland, Oregon, United States

Opening its doors to guests on December 19, 2019, the 14-story upper upscale hotel features 600 rooms, 39,000 square feet of meeting space, three food and beverage outlets, a Regency Club, and a Hyatt StayFit Gym. The hotel is ideally located in Downtown Portland's Lloyd neighborhood in close proximity to the Oregon Convention Center, Legacy Medical Research Institute, Moda Center, Veterans Memorial Colosseum, Lloyd Center, and the eastside entertainment, dining and shopping attractions.

Hotel Website
USA & Canada United States Oregon Portland
Hyatt Regency
Hotel Brand

The Hyatt Regency brand prides itself on making travel free from stress and filled with success. More than 195 conveniently located Hyatt Regency urban and resort locations in more than 30 countries around the world serve as the go-to gathering space for every occasion – from efficient personalized, high-touch business meetings to energizing family vacations.

Hyatt
Management CompanyFranchise OrganizationBrand OwnerHotel Group

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of June 30, 2024, the Company’s portfolio included more than 1,350 hotels and all-inclusive properties in 78 countries across six continents. The Company's offering includes brands in the Timeless Collection, including Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Hyatt...

Xenia Hotels & Resorts, Inc.
Management Company

Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that invests primarily in premium full service, lifestyle and urban upscale hotels, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. As of September 30, 2014, we owned 46 hotels, comprising 12,636 rooms, across 19 states and the District of Columbia, and had a majority interest in two hotels under development.