DC's K street
WASHINGTON, DC—Pebblebrook Hotel Trust has sold the 343-room,Liaison Capitol Hill in the District for $111.0 million.
The sale price reflects a 16.9x EBITDA multiple and a 4.9% netoperating income capitalization rate (after an assumed annualcapital reserve of 4% of total hotel revenues) based on thetrailing twelve-month operating performance for the period endedDecember 31, 2018.
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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.
