Pebblebrook could sell $1B in assets following merger with LaSalle, including these NYC hotels

Pebblebrook Hotel Trust is planning to sell up to $1 billion worth of its assets once it finishes acquiring LaSalle Hotel Properties in an effort to lower its debt. The company agreed to buy LaSalle for roughly $5.2 billion last week, and it is already under contract to sell three of its properties after the deal closes, according to Bloomberg. These consist of Manhattan’s Park Central New York and WestHouse hotels, along with the Park […]

Source: Real Estate

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