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Xenia Hotels & Resorts is the Orlando-based〔http://xeniareit.com/〕 lodging arm for Inland American Real Estate Investment Trust,〔SEC filing Inland American Real Estate Trust form 8K August 14, 2014〕 a non-traded REIT. It owns 46 full service hotels in 19 states and the District of Columbia.〔(“Inland American Announces Intent to Spin Off Its Lodging Subsidiary” Inland American public release, August 11th 2014 )〕 On August 11, 2014, Inland American announced its intention to spin-off Xenia through a public listing.〔SEC filing Inland American Real Estate Trust form 8K August 14, 2014〕 Xenia began trading on NYSE under the ticker XHR on February 4, 2015.〔(Inland American Press Release 2/4/15 )〕 Marcel Verbaas, the former President and Chief Executive Officer of Inland American Lodging Advisor, heads Xenia.〔SEC filing Xenia Hotels and Resorts form 10-12B/A October 9, 2014, p152〕 Inland American was formed in 2004.〔SEC filing Inland American Real Estate Trust form 10Q November 7, 2014, p7〕 It has marketed the proposed spin-off as a liquidity event〔SEC filing Inland American Real Estate Trust form 8K August 14, 2014, Exhibit 99.1〕 for its 183,000 investors.〔SEC filing Inland Real Estate Income Trust form 424B3 July 2, 2014, p8〕 As of the company’s latest share valuation, long-time investors have seen their shares plummet 30% 〔SEC filing Inland American Real Estate Trust form DEFA 14A January 13, 2014〕 from their original, buy-in price. As part of the proposed transaction, Inland American investors will receive Xenia stock as a taxable distribution.〔SEC filing Xenia Hotels and Resorts form 10-12B August 11, 2014〕 Pent up demand to sell, low trading volumes and higher trading price volatility are key risk factors identified in Xenia’s registration statement.〔SEC filing Xenia Hotels and Resorts form 10-12B/A October 9, 2014, p59〕 ==Hotel Portfolio== Xenia owns 46 full service hotels spread across 19 states and the District of Columbia.〔(Inland American to spin off lodging arm ''SNL Real Estate Daily (North American Edition)'', August 12 2014 )〕 The properties are managed by brands including Hyatt, Hilton, Loews, Marriott, and Starwood.〔(www.xeniareit.com )〕 Xenia has said it will focus on the top 25 U.S. hotel markets.〔SEC filing Xenia Hotels and Resorts form 10-12B August 11, 2014, p1〕 An analyst at MLV & Co has called Xenia’s portfolio “mediocre,” and raised concerns about the strategy of focusing on a wider range of markets than is typical of publicly traded REITs.〔(Inland American hotel spinoff targets secondary markets, raising skepticism ''SNL Real Estate Daily (North American Edition)'', August 14 2014 )〕 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Xenia Hotels & Resorts」の詳細全文を読む スポンサード リンク
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