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Pebblebrook Hotel Trust buys two hotels in Key West, Fla.
Transactions - OCTOBER 21, 2021

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Pebblebrook Hotel Trust buys two hotels in Key West, Fla.

by Released

Pebblebrook Hotel Trust has acquired the 19-room Avalon Bed & Breakfast and 12-room Duval Gardens, both in Key West, Fla., for $20 million.

The two well-maintained properties will be consolidated and operated as part of the company’s Southernmost Beach Resort and managed by Highgate, which currently manages the company’s two Key West resorts, Southernmost and The Marker Key West Harbor Resort.

Avalon and Duval have highly desirable locations along the vibrant Duval Street, which showcases Key West’s most visited attractions, restaurants and bars. Avalon is physically surrounded by Southernmost on three sides, allowing for a seamless incorporation into Southernmost’s operations. Avalon contains 19 guestrooms, and the property features an outdoor plunge pool. Duval, located just a few blocks north of Southernmost, features 12 guestrooms and an outdoor swimming pool.

“We are very excited to acquire these two well-maintained and historically charming p

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