Xenia Hotels & Resorts Completes $163 Million 5-Hotel Portfolio Sale to Summit Hotel Properties

Xenia Hotels & Resorts, Inc. (NYSE: XHR) today announced the completion of the 5-hotel, 812-guestroom portfolio sale to an affiliate of Summit Hotel Properties (NYSE: INN) for a total purchase price of $163 million, or approximately $201,000 per key.
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