Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PORTLAND, OR-On Thursday, a Bethesda, MD-based realty investment trust, Pebblebrook Hotel Trust, disclosed that it has agreed to acquire a full-service hotel in the metropolitan area of Portland, Oregon. The Maryland trust paid $56 million for the hotel, and the deal will be closed within 60 days.

The Portland hotel will be turned into a corporate sibling to Sir Francis Drake Hotel in San Francisco. The name of the hotel acquired by Pebblebrook was not disclosed. For the full story, go to Portland Business Journal.

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.