NAPLES, FL – Pebblebrook Hotel Trust has entered into an agreement to acquire the AAA Four Diamond, Inn on Fifth in Naples, FL for $156 million.

The transaction is expected to close at the end of Q2, subject to customary closing conditions.

Located at the center of historic downtown Naples, the independent luxury resort property spans 119 guestrooms, including 43 suites, across two buildings. The Main building features 87 guestrooms and suites, more than 10,000 square feet of recently-renovated indoor and outdoor flexible meeting space, a 3,600-square-foot outdoor pool deck, a day spa and a fitness center. The Club Level building features 32 suites, a private rooftop with a jacuzzi and an exclusive private lounge. Hotel guests additionally have access to 12 tennis courts at the adjacent Cambier Park Arthur Allen Tennis Center.

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Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.