Simpson Thacher represented J.P. Morgan Securities LLC and the other initial purchasers in connection with a Rule 144A/Regulation S offering by XHR LP, a wholly owned subsidiary of Xenia Hotels & Resorts, Inc. (“Xenia”), of $400 million aggregate principal amount of 6.625% Senior Notes due 2030 (the “Notes”).
Xenia is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. Xenia owns 31 hotels and resorts, comprising 9,408 rooms across 14 states. Xenia's hotels are primarily operated and/or licensed by industry leaders such as Marriott, Hyatt, Fairmont, Kimpton, Loews, Hilton and The Kessler Collection.
The Simpson Thacher team for the transaction included John C. Ericson and Benjamin Pittenger (Capital Markets); Timothy Gallagher (Real Estate); Jonathan Cantor and Benjamin Bressler (Tax); Christine Song and Alysha Sekhon (Intellectual Property); Pasco J. Struhs (Executive Compensation and Employee Benefits); and Jennie Getsin (Blue Sky).