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Fairmont Dallas hotel fetches $111 million

Summary by The Business Journals
Xenia CEO Marcel Verbaas said the deal delivered "an excellent outcome" for the company’s investment, especially in light of pandemic-related issues that had a "negative impact on cash flows during 2020 and 2021."

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Fairmont Dallas hotel fetches $111 million

Xenia CEO Marcel Verbaas said the deal delivered "an excellent outcome" for the company’s investment, especially in light of pandemic-related issues that had a "negative impact on cash flows during 2020 and 2021."

·United States
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hoteldive.comhoteldive.com
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Xenia sells Fairmont Dallas for $111M as upcoming challenges loom

The sale comes ahead of the Dallas Convention Center’s redevelopment, which would have brought disruptions, as well as other hurdles, per the REIT’s CEO.

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hoteldive.com broke the news in on Monday, April 14, 2025.
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