IPA: /ˌsɛs.kwɪ.sɛnˈtɛn.ər.i/
KK: /sɛskwɪsɛnˈtɛnəri/
A celebration or event marking the 150th anniversary of something.
The town held a grand festival for its sesquicentenary, celebrating 150 years since its founding.
Sesquicentenary → It is formed from "sesqui-" (meaning one and a half) and "centenary" (from Latin "centenarius", meaning a hundred). The word refers to a celebration or event marking one hundred and fifty years.
Think of 'one and a half' ('sesqui-') of a century ('centenary') to remember that 'sesquicentenary' means a period of one hundred and fifty years.