Keyword: Pebblebrook Hotel Trust
If LaSalle ends up accepting Pebblebrook's revised proposal, it may come down to one CEO conceding to the other. But is private equity in play?
Pebblebrook claimed that the two companies combined would form the second-largest REIT in the country.
By the time the game kicks off on Feb. 4, Airbnb will have increased its host supply in the Minneapolis/St. Paul area from 1,000 rooms to 5,500 in one year.
Pebblebrook Hotel Trust owns the luxury boutique hotel, which is operated by Noble House Hotels & Resorts.
The new owner will also manage the full-service hotel as a DoubleTree, and plans to execute a repositioning of the property.
The 157-guestroom property, the newest addition to the Tribute Portfolio, has newly imagined spaces with a Latin vibe.
REITs are on the buying sidelines and not acquiring hotels at a time when the delta between new supply and demand is shrinking.
The landmark hotel combines the property’s historic architecture with contemporary Nashville influences.
With stock prices falling, REITs turn to selling properties, buying back stock. How long will it last?