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Provider: Stock Traders Daily
Provider: Thomson Reuters Stock Report
Provider: New Constructs, LLC
Provider: MacroRisk Analytics/EconomicInvestor

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Pebblebrook Hotel Trust Acquires the Hotel Modera in Portland, OR

Wednesday, 28 Aug 2013 04:10pm EDT 

Pebblebrook Hotel Trust announced that it has acquired the Hotel Modera for $47.5 million. The 174-room, urban, boutique, upper upscale, full service hotel is located in downtown Portland, Oregon. The property will be managed by OLS Hotels and Resorts (OLS). As a part of this transaction, the Company is assuming a $23.7 million secured, non-recourse loan, with the balance of the purchase price being funded by the Company with available cash. 

Company Quote

1.28 +3.30%
21 Oct 2014