XENIA HOTELS & RESORTS COMPLETES DISPOSITION OF KIMPTON HOTEL MONACO DENVER

PR Newswire

ORLANDO, Fla. , Dec. 8, 2022 /PRNewswire/ -- December 8, 2022 – Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced it has completed the previously announced disposition of the 189-room Kimpton Hotel Monaco Denver for $69.75 million , or approximately $369,000 per key. The sale price represented a 14.9x multiple on 2019 Hotel EBITDA and a 20.6x multiple on Hotel EBITDA for the twelve months ended September 30, 2022 .

Proceeds will be utilized for general corporate purposes, which may include share repurchases, debt repayment, capital expenditures and acquisitions consistent with the Company's long-term strategy.

About Xenia Hotels & Resorts, Inc.
Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 lodging markets as well as key leisure destinations in the United States . The Company owns 32 hotels comprising 9,508 rooms across 14 states. Xenia's hotels are in the luxury and upper upscale segments and operated and/or licensed by industry leaders such as Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, The Kessler Collection, and Davidson. For more information on Xenia's business, refer to the Company website at www.xeniareit.com .

For additional information or to receive press releases via email, please visit our website at www.xeniareit.com

SOURCE Xenia Hotels & Resorts, Inc.