Current page

< back to search results

2019-11-26  13:21

CIJ USA

more results


Attachments:

Pebblebrook sells Topaz Hotel for $33m

/uploads/posts/78220b8c849577d755bb1d283916a8da95107132/images/Topaz Hotel D.C..jpg

Pebblebrook Hotel Trust has closed on the $33.1m disposition of Topaz Hotel in Washington, DC. The 99-room property changed hands for just over $334,340 per room key. Based on the trailing 12-month period that ended Sept. 30, the contracted sales price reflects a 17.9x EBITDA multiple and a 4.9-percent net operating income capitalization rate. Pebblebrook has completed a total of $482.1m of asset sales this year. Its goal is $600m. The company will use proceeds from the sale for general business purposes, including reducing its outstanding debt.

pdfdownload PDF Statisticsbookmark

Basic Statistics

124- Companies publishing
40361- Daily updates
30- Countries

Start publishing today!