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The sale comes ahead of the Dallas Convention Center’s redevelopment, which would have brought disruptions, as well as other ...
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Hotel Management Network on MSNXenia Hotels & Resorts sells Fairmont Dallas hotel for $111mReal estate investment trust Xenia Hotels & Resorts has completed the sale of the Fairmont Dallas hotel in the US for $111m. The sale price of the 545-room hotel is based on an 8.6× multiple and a 10% ...
Xenia Hotels & Resorts sold the 545-room property at 1717 North Akard Street to an undisclosed buyer, citing low revenue.
Located within walking distance of the Meyerson Symphony Center ... may not be Fairmont's best, but it is certainly a key player and competes with the best second-tier hotels in Dallas.
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