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...