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Lorien Hotel & Spa — Xenia disposition
$30,000,000 · $280,374/key
Xenia closed the 107-room Lorien Hotel & Spa in Alexandria on July 9, 2024 for a sale price of $30.0 million. Harbor PPK is $30.0 million ÷ 107. Use the $30.0 million sale price, not the $29.1 million net cash after costs. Xenia’s estimated $1.8 million gain is Xenia’s accounting, not a second hotel price. Buyer unnamed. Not DiamondRock’s Westin Washington D.C. City Center $92.0 million tape and not a Georgetown palace. Older than the 2025–26 blotter cut.
Xenia Hotels & Resorts Form 10-Q, quarter ended June 30, 2024 (closed July 9)