Pebblebrook Completes $157.6MM Sale of Sir Francis Drake Hotel in San Francisco

BETHESDA, Md.--Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it closed on the sale of the 416-room Kimpton Sir Francis Drake Hotel in San Francisco, CA to a third party on April 1, 2021, generating $157.6 million of net proceeds after customary closing costs. Based on the hotel’s operating performance for 2019, the […]