Pebblebrook Hotel Trust Acquires The Tuscan Fisherman's Wharf in San Francisco, California

Pebblebrook Hotel Trust PEB (the "Company") today announced that it has acquired The Tuscan Fisherman's Wharf, a Best Western Plus Hotel ("The Tuscan") for $122.0 million. The 221-room hotel is located in the heart of Fisherman's Wharf in San Francisco, California. The property will continue to be managed by Kimpton Hotels & Restaurants ("Kimpton"). "We're excited about our acquisition of The Tuscan, which marks our seventh hotel investment in the highly desirable San Francisco market and our third in the dynamic Fisherman's Wharf submarket," said Jon Bortz, Chairman and Chief Executive Officer of Pebblebrook Hotel Trust. "The hotel's location is central to many popular area attractions including Pier 39, Ghirardelli Square, and many dining and retail See full press release