Mar
18
Hawaii Hotel Fetches $200M
ByContinuing its portfolio upgrade, Xenia Hotels & Resorts sold the leasehold interest in the 693-key Aston Waikiki Beach Hotel in Honolulu, four years after acquiring the property for $183 million.
As part of its portfolio transformation, Xenia Hotels & Resorts Inc. has let go of the Aston Waikiki Beach Hotel, a premier property in Honolulu on the Hawaiian island of Oahu. The lodging REIT sold the leasehold interest in the 693-key hotel in a $200 million transaction with an unidentified buyer…