(Mark Your Calendars: RealShare HOTELS 2011, September 15 in New York City)

NEW YORK CITY-Having already scooped up the Viceroy Miami and the W Boston earlier this month, Pebblebrook Hotel Trust is continuing its acquisition streak. The Bethesda, MD-based lodging REIT and locally based Denihan Hospitality Group on Wednesday announced a joint venture on six upper upscale properties, all in Manhattan. In a joint release from both companies, the portfolio is valued at $910 million, or approximately $526,000 per room.

Under terms of the JV announced Wednesday, Pebblebrook will make an equity investment of approximately $152 million in exchange for its 49% interest, while Denihan affiliates will maintain control of the remaining 51% interest. The Wall Street Journal, which first reported the deal Wednesday morning, said the REIT is also assuming $294 million of the $600 million in existing first mortgage and mezzanine debt on the hotels.

Pebblebrook and Denihan will share joint control of the JV, the release states. The six hotels—including the Affinia Manhattan, Affinia Shelburne, Affinia Dumont, Affinia 50, Affinia Gardens and the Benjamin—currently comprise 1,640 keys; a renovation to the Affinia Manhattan will increase the total to 1,730 guestrooms.

Formed in 2009, Pebblebrook now claims a 20-property portfolio with the announcement of the Denihan JV. Pebblebrook says it expects the transaction to close within the next 90 days.