Pebblebrook Hotel Trust has plans to acquire the AAA Four Diamond, 119-room Inn on Fifth in Naples, Fla., for $156 million.
Upon completion of the acquisition, Pebblebrook will retain Noble House Hotels & Resorts to manage the independent luxury resort property at the center of historic downtown Naples.
The purchase is expected to be completed by the end of second quarter 2022 and is subject to customary closing conditions. The company offered no assurances that the acquisition will be completed on these terms or at all.
The Inn on Fifth is located in the heart of Old Naples, just five blocks from the Fifth Avenue Beach. The resort property includes 119 guestrooms across two buildings, including 43 spacious suites. The Club Level Building features 32 elegantly appointed suites, a private rooftop with a jacuzzi, and an exclusive private lounge serving breakfast, cocktails, beverages, snacks, and hors d’oeuvres. The Main Building features the remaining 87 gu
