Mark Heschmeyer

<html><head></head><body><div class="RichTextArticleBody"><div class="RichTextArticleBody-body"><p>Summit Hotel Properties Inc. (NYSE: INN) agreed to acquire an 812-guestroom, five-hotel portfolio from Xenia Hotels &amp; Resorts Inc. (NYSE: XHR) for $163 million, or approximately $201,000 per room.</p></div></div></body></html>

Finance

Residence Inn Baltimore Downtown Inner Harbor

Summit Hotel Properties Inc. (NYSE: INN) agreed to acquire an 812-guestroom, five-hotel portfolio from Xenia Hotels & Resorts Inc. (NYSE: XHR) for $163 million, or approximately $201,000 per room.

Xenia Shedding Assets to Focus on Luxury and Upper-Upscale Hotels in Top 25 Lodging Markets and Major Leisure Destinations

Summit Strikes Deal to Acquire 5-Hotel Portfolio from Xenia for $163 Million

CoStar

Add a Listing

The <b>CoStar Power Broker Awards</b> are based on transaction data included in CoStar’s commercial real estate database, the largest and most comprehensive database of commercial real estate information. The methodology used for all company and individual categories can be found <c>here</c>. A complete list of winners by market can be found <a>here</a>.

<b>Business Immo</b> is a CoStar Group news service covering commercial real estate in France.

This article was originally published on <a>Homes.com</a>.

<b>CoStar's Impact Awards</b> highlight the commercial real estate transactions and projects that have transformed their markets over the past year. The winners are chosen by independent panels of industry professionals who work in the markets they judge. Learn more about the awards <a>here</a>.

CoStar has introduced a new market-based programme recognising the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organisation in commercial real estate. The selected top deals and the real estate firms and individual agents involved in each transaction will be singled out for recognition each quarter. For the purpose of recognising the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

The CoStar Power Broker Awards recognize the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organization in commercial real estate. The selected top deals and the real estate firms and individual brokers involved in each transaction are singled out for recognition each quarter. For the purpose of recognizing the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

Email article

Share on Facebook

Share on LinkedIn

Print article

Share on Twitter

MORE NEWS ABOUT THIS PROPERTY

{numResults, number} {category} results

In case you didn’t hear, Hotel News Now has joined forces with another award-winning news team, CoStar News. Other than a different look and location, not much is going to change with the HNN team, its coverage philosophy or how your personal data is used. Check out {learnMoreLink} for answers to the questions you may have.

CoStar News - Not Found

This Search is restricted to only companies which have been tagged in articles

OPEN SAVED SEARCHES

Open Saved Searches

ALL RESULTS HAVE BEEN LOADED

In Your Market

In Your Region

LOAD MORE RESULTS

Loading...

My Feed

News For You

NEWS SEARCH

No result found

NO RESULTS

{numResults, number} results

Search All News

Search Results

Top News

Update Your News Preferences

Featured

International News

Video

Get In Touch

Get CoStar's latest information for hotel decisionmakers delivered to your inbox.

Yes, I would like to receive information on behalf of HNN's industry partners

Administrative Assistant

Assistant GM

Managing Director

Marketing Director

Owner

President

Principal

Regional Manager

Sales Associate

Sales Manager

Student

Vice President

Analyst/Consultant

Other

Department Head

Department Manager

Director

District Manager

EVP / SVP

General Manager

Product Training

CoStar Home

CoStar | #1 Commercial Real Estate Information Company

News | {content}

Email alerts for important real estate stories breaking around the country, as needed.

The best of CoStar's market updates and analysis, as needed.

The essential Canadian commercial real estate news, curated for you Mondays & Thursdays.

CoStar Canada Breaking News

CoStar Canada Insights

CoStar Canada News Bulletin

CoStar | Newsletters

The essential UK commercial real estate news, curated for you daily.

A roundup of top UK commercial real estate finance news, Thursdays.

A round-up of the week's best stories, Fridays.

The latest news and commentary on hotel industry trends in Europe, Middle East and Africa, two Thursdays per month.

CoStar UK Daily Bulletin

CoStar UK Breaking News

CoStar UK Finance & International Bulletin

Editor's Picks

CoStar Hotels EMEA

Top US commercial real estate news, curated for you daily.

Email alerts for important real estate news breaking across the nation, as needed.

Deep dives into commercial real estate trends, news and events, as needed.

The best of CoStar's market updates and analysis, Mondays.

A weekly email with news about lenders, investors and owners, Thursdays.

Weekly coverage of the movers and shakers in commercial real estate, Tuesdays & Fridays.

A weekly email with insights on data points and economic policy, Wednesdays.

CoStar Today

CoStar US Breaking News

CoStar US Special Report

CoStar US Insights

CoStar US Money

CoStar People

CoStar US Economy

CoStar Hotels

You can still sign up for CoStar’s weekly bulletins today to sample what CoStar News has to offer you.

Summit Strikes Deal to Acquire 5-Hotel Portfolio from Xenia for $163 Million

RELATED ARTICLES

IN THIS ARTICLE

Get In Touch
888-226-7404

RELATED ARTICLES

Tristan strikes first deal for second debt fund

5.8 billion invested in commercial real estate in France in H1 2025

Colliers appoints CFO for EMEA occupier services

A first half marked by a gradual return to large-scale transactions

French real estate "remains on course for recovery

Summit Strikes Deal to Acquire 5-Hotel Portfolio from Xenia for $163 Million

RELATED ARTICLES

IN THIS ARTICLE

Get In Touch888-226-7404

Get In Touch
888-226-7404