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Examples
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Pebblebrook Hotel Trust is purchasing a 49% share in six Manhattan boutique hotels for $152 million in the latest sign of the rising heat of New York's hotel market.
New York Hotels Fetch Luxury Price Kris Hudson 2011
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Since founding Pebblebrook, Mr. Bortz, 54 years old, said he and his team have spent an average of three days a week on the road examining hotels on the market and managing those they own.
New York Hotels Fetch Luxury Price Kris Hudson 2011
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Pebblebrook owns 14 hotels totaling 3,813 guest rooms in eight states and the District of Columbia.
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Much of its momentum can be traced to investors' confidence in Mr. Bortz, an avid golfer who led LaSalle Hotel Properties as chief executive for 11 years before founding Pebblebrook.
New York Hotels Fetch Luxury Price Kris Hudson 2011
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The W Boston is located at the convergence of Boston's Back Bay, Financial District and Theatre District, Pebblebrook said, and includes 235 luxury rooms.
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Hotel REIT Pebblebrook Hotel Trust said Friday it has acquired the W Boston hotel for $89.5 million.
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"When we get to the final negotiation table, with second- or third-round bids, usually at least two of the bidders are public REITs," said Jon Bortz , chairman, president and chief executive of Pebblebrook.
Hotel REITs Go Upscale Kris Hudson 2011
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These days, nearly any large, high-end U.S. hotel that goes on the market will attract LaSalle, Host Hotels & Resorts Inc., Pebblebrook Hotel Trust , Chesapeake Lodging Trust , Sunstone Hotel Investors Inc. or some combination thereof.
Hotel REITs Go Upscale Kris Hudson 2011
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Other weak stocks included Pebblebrook Hotel Trust, a new REIT formed last December and based in Bethesda, Md.
REITs Draw Rebound Bets A.D. Pruitt 2010
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In the deal set to be announced Wednesday, Pebblebrook—formed in 2009 by industry veteran Jon Bortz to buy hotels—gained stakes in five Affinia properties and the Benjamin hotel, all in Midtown.
New York Hotels Fetch Luxury Price Kris Hudson 2011
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