June 26, 2011 at 12:42 PM EDT
(HST) Pebblebrook Hotel Trust Invests in Manhattan
Pebblebrook Hotel Trust (PEB) recently invested $152.0 million for a 49.0% stake in a joint venture that owns six luxury hotels in Manhattan with affiliates of the Denihan Hospitality Group. The deal values the six hotels for approximately $910 million. The hotels are currently subject to approximately $600 million in existing first mortgage and mezzanine [...] (HST) Pebblebrook Hotel Trust Invests in Manhattan
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