Pebblebrook Hotel Trust Acquires LaPlaya Beach Resort & LaPlaya Beach Club in Naples, FL for $185.5M

Noble House Hotels & Resorts | May 22, 2015

BETHESDA, Md.--Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced that it has acquired LaPlaya Beach Resort, a 189-room, waterfront, luxury resort and LaPlaya Beach Club, a private members club located at the resort, (together, "LaPlaya") for a combined purchase price of $185.5 million. "We're thrilled with the opportunity to expand our portfolio into the thriving market of Naples, Florida with the acquisition of LaPlaya," said Jon Bortz, Chairman and Chief Executive Officer of Pebblebrook Hotel Trust. "The resort is uniquely located on the beach and within one of the most affluent coastal resort communities in the count...