Source: The Business Journals: Washington, D.C.

Pebblebrook: Pebblebrook completes sale of Kimpton Rouge Hotel for $42M

In its ongoing effort to cut back its D.C. portfolio, Pebblebrook Hotel Trust (NYSE: PEB) has sold the Kimpton Rouge Hotel to Memphis, Tennessee-based Kemmons Wilson Hospitality Partners and Atlanta-based Valor Hospitality for $42 million. Hotel management company Valor is co-investing with KWHP and will oversee a complete rebrand and renovation of the 137-room hotel that will include a name change, upgraded interior, a new restaurant and rooftop bar, and the hiring of a new general manager. The...

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Jon E. Bortz's photo - Chairman & CEO of Pebblebrook

Chairman & CEO

Jon E. Bortz

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Pebblebrook operates as a real estate investment trust, acquires and invests primarily in hotel properties.

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