Pebblebrook Hotel Trust Acquires Gurney's Newport Resort & Marina

June 23, 2022

Pebblebrook Hotel Trust (NYSE: PEB) acquired the 257-room Gurney's Newport Resort & Marina in Newport, Rhode Island for $174.0 million on June 23, 2022. Pebblebrook plans to reposition and renovate the resort, integrate it into its Curator Hotel & Resort Collection, and evaluate operating and physical enhancements to drive cash flow and higher positioning in the Newport market.

Buyers
Pebblebrook Hotel Trust
Targets
Gurney's Newport Resort & Marina
Industry
Real Estate
Location
Rhode Island, United States
Transaction Type
Buyout

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