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Pebblebrook Begins Paring Down its Luxury Hotel Portfolio To Raise $1.25 Billion

Maryland-Based REIT Plans to Reduce Debt From $5.2 Billion Deal For LaSalle Properties
By Jennifer Waters
CoStar News
November 7, 2018 | 11:14 AM

Pebblebrook Hotel Trust, only weeks before completing its $5.2 billion acquisition of LaSalle Properties to become the largest U.S. owner of independent luxury hotels, said it will sell as much as $1.25 billion of those sites to repurchase shares and reduce its debt from the deal.

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