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Xenia Hotels & Resorts pays $190M for Hyatt Regency Portland

Xenia Hotels & Resorts Inc. paid $190 million to acquire the newly constructed 14-story, 600-room Hyatt Regency Portland at the Oregon Convention Center.

The hotel and resort real estate investment trust funded the purchase of the Hyatt-managed hotel with cash available on its balance sheet and its senior unsecured credit facility.

Separately, the REIT sold the 409-room Marriott Griffin Gate Resort & Spa in Lexington, Ky., for $51.5 million and the 113-room Marriott Chicago for $10.0 million.