trending Market Intelligence /marketintelligence/en/news-insights/trending/kTfGF5o2TevqBNWP4HoWvQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Xenia Hotels & Resorts sells Denver property for $92M

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Xenia Hotels & Resorts sells Denver property for $92M

Orlando-based Xenia Hotels & Resorts Inc. sold a 228-room hotel in Denver for $92 million, or approximately $404,000 per room.

The hotel real estate investment trust registered a 10.4% unlevered internal rate of return on the sale of Residence Inn Denver City Center, which was acquired for $80 million in 2013.

The sale price reflects a 12.8x multiple and a 7.1% capitalization rate on the hotel's trailing 12-month Hotel EBITDA and net operating income as of Nov. 30, respectively.

Xenia will use proceeds from the divestment for general corporate purposes that may include debt repayments, potential acquisitions under its long-term strategy and share repurchases.

Post sale, the REIT's portfolio comprises 40 wholly owned hotels or resorts, including 12 luxury and 27 upper upscale hotels or resorts, as well as one upscale extended-stay hotel.