PEBBLEBROOK HOTEL TRUST (NYSE:PEB) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Disclosure.
On December 5, 2018, Pebblebrook Hotel Trust (the "Company") issued a press release announcing that it has completed the sale of The Grand Hotel Minneapolis ("The Grand").
A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference herein.
Item 8.01. Other Events.
On December 4, 2018, subsidiaries of the Company completed the sale of The Grand to MHF Properties VI LLC, an unaffiliated third party, for a sale price of $30.0 million. Net proceeds from the sale of The Grand will be utilized for general business purposes, which may include reducing the Company’s outstanding debt.
Item 9.01. Financial Statements and Exhibits.
Press release, issued December 5, 2018, regarding the sale of The Grand Hotel Minneapolis.
Pebblebrook Hotel Trust ExhibitEX-99.1 2 peb8-k12618ex991.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 7315 Wisconsin Avenue,…To view the full exhibit click
About PEBBLEBROOK HOTEL TRUST (NYSE:PEB)
Pebblebrook Hotel Trust is a hotel investment company. The Company operates as a real estate investment trust (REIT). The Company is organized to acquire and invest in hotel properties located primarily in cities of the United States. The Company has interests in approximately 40 hotels, including over 30 owned hotels with a total of approximately 7,410 guest rooms, and approximately 49% joint venture interest in over six hotels with a total of approximately 1,790 guest rooms. The hotels are located in markets, including Atlanta (Buckhead), Georgia; Bethesda, Maryland; Boston, Massachusetts; Hollywood, California; Los Angeles, California; Miami, Florida; Naples, Florida; Portland, Oregon; San Diego, California; San Francisco, California; Santa Monica, California; Seattle, Washington; Stevenson, Washington, and West Hollywood, California. The Company’s assets are held by, and all of the operations are conducted through, Pebblebrook Hotel, L.P. (the Operating Partnership).