Xenia Hotels & Resorts, Inc. (NYSE: XHR) yesterday announced it has completed the disposition of the 107-room Lorien Hotel & Spa in Alexandria, VA, for $30 million, or approximately $280,000 per key.
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A summary of European hotel transactions provided by HVS
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This latest public consultation follows an earlier consultation in the spring which introduced WhitbreadÕs plans to comprehensively redevelop the site of the Norwich Nelson hotel, the Nelson Table Table restaurant, several commercial units, car parking spaces and surrounding land.
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The sale of the site once occupied by the Premier Inn Manchester Deansgate hotel was part of two site acquisitions with planning permission for purpose-built student accommodation (PBSA) by Student Roost.
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The JW Marriott at Reston Station is a 28-story glass and concrete high-rise adjacent to the Wiehle-Reston East station on Metro’s Silver Line.
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Opening Scheduled for Q2 of 2025
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Protea Hotels by Marriott announced the opening of its first property in Angola while further strengthening its portfolio in South Africa with a new property in Pretoria.
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Bob W has exchanged contracts to launch a 67-unit serviced apartment building in Vienna, marking its first opening in Austria.
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A new Four Seasons Private Residences development is under construction at the Golden Oak community at Walt Disney World Resort.
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The Company also announced that it has entered into a new 10-year franchise agreement with Hilton Worldwide to relicense the Hotel as a soft-branded DoubleTree by Hilton under the name Hotel Bellamy.
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