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Park Central Hotel in New York

BETHESDA, MD–Pebblebrook Hotel Trust laid out ambitious plans for the post-merger company in a joint Pebblebrook-LaSalle Hotel Properties investor call held last week. The REIT plans to sell between $500 million to $1 billion of hotels in the six to 12 months following the merger’s closure, executives said. The company won’t disclose the hotels its plans to sell as it would be disruptive. These hotels, it assumes, will trade at a 5.5% cap rate.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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