Core Insights - Xenia Hotels & Resorts, Inc. has sold the Fairmont Dallas for $111 million, equating to approximately $203,670 per room, reflecting an 8.6x multiple and a 10.0% capitalization rate based on the property's Hotel EBITDA and Net Operating Income for the twelve months ending February 28, 2025 [1][2] - The sale is part of the company's strategy to enhance portfolio quality and manage capital allocation effectively, especially in light of the property's significant near-term capital needs and the anticipated market impact from the redevelopment of the Dallas Convention Center [2] Financial Metrics - The transaction price metrics exclude an estimated $80 million in near-term capital expenditures [1] - The company expected Fairmont Dallas to generate approximately $8 million in Hotel EBITDA for the remainder of 2025 [1] - The unlevered Internal Rate of Return (IRR) during the company's ownership of the property was 11.3% [2] Company Overview - Xenia Hotels & Resorts, Inc. is a self-advised and self-administered Real Estate Investment Trust (REIT) focused on luxury and upper upscale hotels and resorts in the top 25 lodging markets and key leisure destinations in the U.S. [3] - The company owns 30 hotels with a total of 8,868 rooms across 14 states, operating under well-known brands such as Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, and The Kessler Collection [3]