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Pebblebrook Hotel Trust Buys "W" for $125M

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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


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