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Xenia Sells Fairmont Dallas for $111M Amid Redevelopment

4/19/2025

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Summary

Story summary

Xenia Hotels & Resorts has made a significant move by selling the 545-key Fairmont Dallas for $111 million, translating to approximately $203,670 per key. CEO Marcel Verbaas highlighted the hotel's pressing capital requirements and the expected market shifts due to the impending redevelopment of the Dallas Convention Center, signaling a transformative phase for the area.

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Story summary

Xenia Hotels & Resorts has made a significant move by selling the 545-key Fairmont Dallas for $111 million, translating to approximately $203,670 per key. CEO Marcel Verbaas highlighted the hotel's pressing capital requirements and the expected market shifts due to the impending redevelopment of the Dallas Convention Center, signaling a transformative phase for the area.