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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