Deal Snapshot
PEBBLEBROOK HOTEL TRUST CLOSES USD 30M SALE OF THE GRAND HOTEL MINNEAPOLIS
Thursday 06 December 2018

US-based lodging REIT Pebblebrook Hotel Trust (NYSE: PEB) has closed on the sale of the 140-room, Grand Hotel Minneapolis in Minneapolis, Minnesota for USD 30m, the company said.
The sale price of USD30m includes the 140-room hotel and the 57,000 square foot fitness center which is fully leased to a third-party tenant until June 2019.


TKUqg0 http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com
Details
Date Published: 06/12/2018
Target: Grand Hotel Minneapolis in Minneapolis, Minnesota
Country: USA
Deal Size: 30m (USD)
Sector: Hotels/Restaurants/Casinos/Catering
Type: Divestment
Financing: Cash
Status: Closed
Vendor: Pebblebrook Hotel Trust
Buyer:
Comment:
Terms of the deal were not disclosed

Options