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Wizards reveal four DMV locations for fans to claim free, limited-edition NFT


More information:
Fans can join the fun of the scavenger hunt by following the Wizards Twitter account (@WashWizards) for clues beginning on Sunday, July 11. Once clues are announced, fans can find the various locations around D.C. to take a selfie and post tag @WashWizards on Twitter, including their crypto wallet address and the hashtag #WizNFTContest. The first 500 fans to do so will receive a free NFT that will then be airdropped into their wallet at a later date. Restrictions apply. For Official Rules and Digital Collectible Terms and Conditions, fans can visit http://info.washingtonwizards.com/6thmannftrules and http://info.monumentalsports.com/nftterms. ....

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Xenia Hotels & Resorts acquires The Ritz-Carlton Pentagon City for $105 million


Xenia Hotels & Resorts, Inc. today announced its acquisition of The Ritz-Carlton Pentagon City, a 365-room luxury hotel located in Arlington, Virginia, for a purchase price of $105 million, or approximately $287,670 per key. The acquisition was funded with cash available on the Company’s balance sheet and its senior unsecured credit facility. The purchase price represents an estimated 11.3x multiple on 2017 forecasted Hotel EBITDA. The Company currently forecasts that the hotel will generate approximately $2 million of Hotel EBITDA for the remainder of 2017.
“We are pleased to add The Ritz-Carlton Pentagon City to our portfolio of high-quality hotels and resorts as we continue to increase our concentration in the luxury and upper upscale segments through the acquisition of our first Ritz-Carlton,” said Marcel Verbaas, President and Chief Executive Officer of Xenia. “The hotel’s excellent location and exposure to a diverse set of demand generators in the Arlingto ....

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