Pebblebrook Sells Chamberlain West Hollywood Hotel Near Los Angeles for $43.5M

Pebblebrook Divests West Hollywood Hotel for $43M

Pebblebrook Hotel Trust completed the sale of the 115-key Chamberlain West Hollywood Hotel to an undisclosed third party for $43.5 million. The buyer provided partial consideration for the hotel in the form of Pebblebrook preferred shares, enabling the REIT to retire the shares at a discount to their liquidation preference. For the trailing 12 months ended April 30, the hotel generated EBITDA of $3.0 million and NOI of $2.6 million, assuming a c…

Pebblebrook Sells Chamberlain West Hollywood Hotel Near Los Angeles for $43.5M

WEST HOLLYWOOD, CALIF. — Pebblebrook Hotel Trust has completed the disposition of Chamberlain West Hollywood Hotel in West Hollywood. An undisclosed buyer acquired the asset for $43.5 million. Located at 1000 Westmount Drive, Chamberlain West Hollywood Hotel features 115 guest rooms. The post Pebblebrook Sells Chamberlain West Hollywood Hotel Near Los Angeles for $43.5M appeared first on REBusinessOnline.