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InterContinental Sells Atlanta Hotel for $105M

Pebblebrook Buys 422-Room Property in Buckhead
By Laurie Forbes
July 6, 2010 | 7:10 P.M.

InterContinental Hotels Group sold its 422-room InterContinental Buckhead Atlanta property to Pebblebrook Hotel Trust for $105 million, or approximately $248,815 per room. Pebblebrook, a Bethesda, MD-based hotel REIT, funded the purchase with cash from its December initial public offering.

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