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Fairmont Dallas — Xenia disposition
$111,000,000 · $203,670/key
Xenia sold the 545-room Fairmont Dallas in April 2025 for $111.0 million, or approximately $203,670 per key as Xenia rounded it. Harbor uses the first of April rather than inventing a closing day. Harbor PPK is $111.0 million ÷ 545. Use the $111.0 million sale price, not the $101.4 million net cash after costs. Xenia’s 8.6x / 10.0% TTM lines and the estimated $80 million near-term capex are Xenia’s narrative, not a second hotel price. The $39.3 million gain is Xenia’s accounting. Buyer unnamed. Not a Plano Hyatt Place tape and not RLJ’s Dallas Love Field + Houston Galleria $49.5 million pair.
Xenia Hotels & Resorts Exhibit 99.1, fourth quarter and year ended December 31, 2025 (April close; day unnamed)