Xenia Hotels & Resorts completed the acquisition of W Nashville for $329m.

Xenia Hotels & Resorts, a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts, completed the acquisition of W Nashville, a newly developed 346-key luxury lifestyle hotel, for $329m. "We are thrilled to have reached an agreement to acquire W Nashville, an outstanding newly constructed luxury lifestyle hotel located in the desirable Gulch neighborhood in the heart of Nashville. The addition of W Nashville will mark the 14th property acquired since our listing on the NYSE in 2015 and aligns perfectly with our strategy of owning a portfolio of uniquely positioned premium hotels and resorts located in Top 25 markets and key leisure destinations that we expect to drive superior earnings growth. W Nashville is extremely well-designed and perfectly situated to attract year-round leisure, corporate and group demand," Marcel Verbaas, Xenia Chairman and CEO.