Hyatt at Convention Center Sold

PORTLAND, Ore. — Xenia Hotels & Resorts has acquired the newly developed 600-room Hyatt Regency Portland at the Oregon Convention Center for $190 million.

The purchase price includes the complete development cost of the hotel, as well as pre-opening and startup costs, working capital, and all supplies to ensure the hotel was fully operational upon opening.

“We are thrilled with the acquisition of the newly built Hyatt Regency Portland at the Oregon Convention Center, which is expected to be the focal point of Portland’s growing convention business …,” said Marcel Verbaas, Xenia’s chairman and CEO.

Hyatt Regency Portland at the Oregon Convention Center will be the 10th Hyatt-managed hotel in the Xenia portfolio.