image credit: Hyatt

Xenia acquires new Hyatt Regency for $190M

January 2, 2020

Xenia Hotels & Resorts acquired the newly developed, 600-room Hyatt Regency Portland at the Oregon Convention Center for $190 million. The purchase price included the complete development cost of the hotel, as well as preopening and startup costs, working capital and all supplies to ensure the hotel was fully operational upon opening.

Opened on Dec. 19, 2019, the 14-story hotel includes 39,000 square feet of meeting space, three food-and-beverage outlets and a gym. The hotel is located in downtown Portland near the Oregon Convention Center, Legacy Medical Research Institute, Moda Center, Veterans Memorial Colosseum and Lloyd Center.

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