Keyword: Pebblebrook Hotel Trust
These three properties consist of a 191-room Holiday Inn, a 99-room Kimpton hotel and a 118-key Staybridge Suites.
RLH Corp. and Pebblebrook continued their disposition plans, TJM Properties sold a closed 500-room hotel and two properties in the South were traded.
Como Hotels and Resorts, 21c Museum Hotels and five hotels are welcoming new sales and marketing employees.
Pebblebrook Hotel Trust will convert the Paradise Point Resort & Spa to the Margaritaville Island Resort San Diego after a $35 million renovation.
Pebblebrook Hotel Trust plans on selling the 137-room Kimpton Rouge Hotel in Washington, D.C. in the third quarter of 2019.
Pebblebrook Hotel Trust has agreed to sell the 132-room Hotel Amarano Burbank, while two Washington, D.C., hotels will undergo renovations.
Paramount Hotel Group, Aqua-Aston Hospitality, Access Hotels & Resorts and Benchmark Resorts & Hotels all have picked up new properties.
The 174-room boutique hotel, managed by Sage Hospitality, is a member of Pebblebrook Hotel Trust’s Unofficial Z Collection.
A 130-percent spike in portfolio acquisitions helped to drive hotel deal volume to $34 billion last year, according to JLL.
2018 saw some major deals totaling $18.3 billion and approximately 51,100 hotel rooms with an average sale price per room of $357,000, according to LWHA.