Xenia Hotels acquires three boutique hotels for $245M

Xenia Hotels & Resorts acquired three boutique hotels for a combined purchase price of $245 million.

These hotels include:

  • The RiverPlace Hotel Portland next to Tom McCall Waterfront Park in Portland, Ore.
  • The 97-room Canary Hotel in downtown Santa Barbara, Calif.
  • The 230-room Hotel Palomar in Philadelphia's Center City District near Rittenhouse Square.

All three lifestyle hotels will continue to be managed by Kimpton Hotels & Restaurants.

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.


The three hotels have exhibited consistently strong operating results, as illustrated by the portfolio's average RevPAR of $224.59, comprised of average occupancy of 85.4 percent and an average daily rate of $262.93 during the 12 months ending June 30, 2015. Additionally, the portfolio generated RevPAR growth of 10.1 percent year to date through June 30, 2015.

The RiverPlace Hotel in Portland, Ore., has 84 guestrooms including 36 suites and 10 riverfront one and two bedroom condominiums. Recently renovated, the RiverPlace has the Three Degrees Waterfront Bar & Grill.