Real Estate Acquisitions in Rhode Island
Showing 1 transactions.
-
- Buyer
- Pebblebrook Hotel Trust
- Target
- Gurney's Newport Resort & Marina
- Industry
- Real Estate
- Location
- Rhode Island, United States
- Type
- Buyout
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.
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