Keyword: Pebblebrook Hotel Trust
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?