In two separate deals, Xenia Hotels & Resorts has acquired three hotels for a total sales price of $409 million.
Xenia Hotels & Resorts paid $305 million for Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch in Scottsdale, Ariz., and Royal Palms Resort & Spa in Phoenix. The sellers were affiliates of Hyatt Hotels Corp.
The 493-key Hyatt Regency features 70,000 square feet of meeting space, a 2.5-acre resort pool, eight food and beverage outlets, four tennis courts, Spa Avania and access to 27 holes of golf. The 119-key Royal Palms, part of the Unbound Collection by Hyatt, offers guests 20,000 square feet of meeting space, Mediterranean restaurant T. Cook’s, The Mix Up Bar and the Alvadora Spa.
Both hotels will continue to be managed by Hyatt. Hyatt is is now managing eight properties for Xenia.
And the third hotel was the 365-key hotel The Ritz-Carlton Pentagon City, a luxury hotel in Arlington, Va. The purchase price was $105 milli
