Market Overview

Pebblebrook Hotel Trust Buys "W" for $125M

Related PEB
Benzinga's Top Upgrades, Downgrades For August 28, 2017
Pebblebrook (PEB) Sells Parking Garage, Asset Sale Continues

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)

View Comments and Join the Discussion!