Pebblebrook Hotel Trust has sold the 422-room InterContinental Buckhead Atlanta in Atlanta and the 237-room Sofitel Washington DC Lafayette Square in Washington, D.C., for $331.0 million to a third party.
The sale of InterContinental Buckhead Atlanta and Sofitel Washington DC Lafayette Square is subject to normal closing conditions, and the company offers no assurances that this sale will be completed on these terms, or at all. The company is targeting to complete the sale in the first quarter of 2020 and continues to be encouraged with pricing levels and overall buyer interest in the investment markets.
