Hotels

The deal for the 127-room luxury hotel calculated out to approximately $421,000 per key. The transaction marks Xenia's fourth luxury hotel property acquisition in 2018 and is the company's 41st hotel property in its portfolio.

The Live! Casino is projected to generate $200 million in annual economic impact and create approximately 1,460 new jobs for the region

Pebblebrook says the sale price includes the 140-room hotel and the 57,000 square foot fitness center which is fully leased to a third-party tenant until June 2019.

There is robust capital for quality hotel construction projects on the West Coast, thanks to solid demand for hospitality and strong economic outlook.

Xenia Hotels & Resorts sold the 300-room hotel for $427,000 per key.

It's Pearl's second hotel in the heart of Center City Philadelphia and underscores the developer's continued commitment to the transformation of the City's Parkway corridor.

The Langhorne, PA, hotel embraces the Sesame Street theme with characters and activities familiar to fans of the famous TV show and theme park.

The hotels sold are Park Central San Francisco and Park Central New York/WestHouse New York, Gild Hall, New York and the Embassy Suites Philadelphia Center City.