Market Overview

Pebblebrook Hotel Trust Buys "W" for $125M

Share:
Related PEB
Barclays' 'Ratings Reset' On U.S. Lodging Stocks
Benzinga's Top Initiations

Pebblebrook Hotel Trust (PEB) announced that it has acquired the W Los Angeles - Westwood hotel for $125 million.

The 258-room, all-suite, luxury, full-service hotel is located in the Westwood neighborhood of Los Angeles, California.

The property will continue to be managed by Starwood Hotels and Resorts (HOT).

PEB shares are unchanged at $23.19 in late trade.

HOT shares are unchanged at $53.30.

Posted-In: News M&A

 

Related Articles (PEB)

Get Benzinga's Newsletters