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An Intimate Rooftop Wedding Featuring a Peach and Orange Color Scheme at the Spy Museum

An Intimate Rooftop Wedding Featuring a Peach and Orange Color Scheme at the Spy Museum
washingtonian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonian.com Daily Mail and Mail on Sunday newspapers.

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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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Xenia Hotels and Resorts (XHR) Q1 2021 Earnings Call Transcript

Operator
Good day, and welcome to the Xenia Hotels & Resorts first-quarter 2021 results conference call. [Operator instructions] Please note, this event is being recorded. I would now like to turn the conference over to Cameron Frosch, senior analyst, finance. Please go ahead.
Cameron Frosch
Senior Analyst, Finance
Thank you, Andrew. Good afternoon, and welcome to Xenia Hotels & Resorts first-quarter 2021 earnings call and webcast. I m here with Marcel Verbaas, our chairman and chief executive officer; Barry Bloom, our president and chief operating officer; and Atish Shah, our executive vice president and chief financial officer. Marcel will begin with a discussion of our quarterly performance. ....

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Xenia Hotels and Resorts (XHR) Q4 2020 Earnings Call Transcript

Operator
Good day, and welcome to the Xenia Hotels and Resorts fourth quarter and full-year 2020 results conference call. [Operator instructions] Please note, this event is being recorded. I would now like to turn the conference over to Cameron Frosch, senior analyst, finance. Please go ahead.
Cameron Frosch
Senior Analyst, Finance
Thank you, Andrew. Good afternoon and welcome to Xenia Hotels and Resorts fourth quarter and full-year 2020 earnings call and webcast. I m here with Marcel Verbaas, our chairman, and chief executive officer; Barry Bloom, our president, and chief operating officer; and Atish Shah, our executive vice president, and chief financial officer. Marcel will begin with the discussion of our operating results and our 2020 achievements. ....

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These Luxury DC Hotels Are Offering Over-the-Top Inauguration Packages

These Luxury DC Hotels Are Offering Over-the-Top Inauguration Packages
The priciest one is $60,000. Never mind that most inauguration festivities will be virtual.
The Riggs Suite. Photo by Jennifer Hughes for Riggs Washington DC.
Joe Biden’s inauguration is shaping up to be anything but normal for the first time since the 19th century, it seems the outgoing President will not attend, and the pandemic has sidelined the usual onslaught of balls and parties. In fact, 80 percent of the festivities will be virtual. And yet, some luxury DC hotels are still offering the usual over-the-top packages for revelers. Here are a few of the most opulent offerings. ....

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