Xenia Hotels & Resorts (NYSE: XHR) has sold the 545-room Fairmont Dallas hotel for $111 million. The sales price equates to approximately $204,000 per room and represents a cap rate of 10 percent. The ...

Xenia Hotels & Resorts sold the 545-room property at 1717 North Akard Street to an undisclosed buyer, citing low revenue.

The sale comes ahead of the Dallas Convention Center’s redevelopment, which would have brought disruptions, as well as other ...