PEB - Mergers and acquisitions

Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced that on June 23, 2022, it acquired the AAA Four Diamond 257-room Gurney's Newport Resort & Marina ("Gurney's Newport") in Newport, Rhode Island for $174.0 million. Gurney's Newport is an irreplaceable ten-acre waterside resort located on highly visible Goat Island in world-famous Newport, Rhode Island. The independent resort boasts 360-degree unobstructed water views of Narragansett Bay as well as Newport Harbor, and the iconic Newport Bridge, creating the quintessential coastal New England experience. Gurney's Newport features 257 guestrooms, including 18 spacious suites, and 80,000 square feet of flexible indoor and outdo

Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced that it acquired the AAA Four Diamond 119-room Inn on Fifth in Naples, Florida for $156.0 million on May 11, 2022. As previously announced, the Company retained Noble House Hotels & Resorts ("Noble House") to manage this unique independent luxury resort property at the center of Downtown Naples. The acquisition of Inn on Fifth brings the total number of properties in the Company's portfolio to 54, including 12 unique drive-to, independent lifestyle resorts and 6 properties in South Florida. The Company funded the acquisition with approximately $78.0 million of cash and approximately $77.6 million of perpetual preferred ope

Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced that it acquired the AAA Four Diamond 210-room Estancia La Jolla Hotel & Spa ("Estancia") in La Jolla, California for $108 million. The Company retained Noble House Hotels & Resorts ("Noble House") to manage this unique and impressive hacienda-style resort. Estancia, spanning ten acres, is located in the heart of the affluent coastal La Jolla market. The resort is a short walk from Black's Beach, next door to the world-renowned Salk Institute for Biological Studies, and adjacent to the University of California, San Diego. This attractive resort contains 210 spacious guestrooms and suites and over 50,000 square feet of indoo

Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced that it acquired the 19-room Avalon Bed & Breakfast ("Avalon") and 12-room Duval Gardens ("Duval"), both in Key West, Florida, for $20.0 million. The two well-maintained properties will be consolidated and operated as part of the Company's Southernmost Beach Resort ("Southernmost") and managed by Highgate, which currently manages the Company's two Key West resorts, Southernmost and The Marker Key West Harbor Resort. Avalon and Duval have highly desirable locations along the vibrant Duval Street, which showcases Key West's most visited attractions, restaurants and bars. Avalon is physically surrounded by Southernmost on thre

Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced that it acquired the 369-room oceanfront Margaritaville Hollywood Beach Resort in Hollywood, Florida for $270 million from an affiliate of KSL Capital Partners, LLC. The lifestyle resort will continue to be managed by Davidson Hospitality Group ("Davidson"). Margaritaville Hollywood Beach Resort, the flagship property to an internationally recognized brand synonymous with a casual-luxe lifestyle, is located on 6.2 oceanfront acres, along 450 linear feet of direct beach frontage, and is the focal point of the famous Hollywood Beach Broadwalk. The resort was built in 2015 and features 369 guestrooms, including 43 well-appoint

Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced that it acquired the Jekyll Island Club Resort for $94.0 million. The 200-room resort is listed in the National Register of Historic Places and is located in the heart of Jekyll Island, one of the renowned Golden Isles off the coast of Georgia. The Company retained Noble House Hotels & Resorts ("Noble House") to manage the resort. Jekyll Island Club Resort includes the Jekyll Island Club, located on the East River, which features 159 guest rooms and suites inspired by late 19th-century charm and décor across four landmarked buildings, each with a custom design and layout including three unique Victorian-style private mansio

NEW YORK, Feb. 11, 2021 /PRNewswire/ -- Melody Investment Advisors LP ("Melody Investment Advisors"), an alternative asset manager focused on communications infrastructure, and Pebblebrook Hotel Trust ("Pebblebrook"), a publicly-traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels in the United States, announced an investment by Melody of cell site installations with regards to 14 rooftop wireless assets at 11 of Pebblebrook's hotels and resorts. In addition to Melody's investment, Melody and Pebblebrook have also established a strategic marketing and revenue sharing agreement covering the same 11 Pebblebrook properties. "This arrangement