Pebblebrook Hotel Trust Executes Contract to Sell Sir Francis Drake Hotel for $157.6MM

(EDITOR'S NOTE: According to a statement from the company, the hotel's net operating income at the end of 2019 came in at $11.4 million. It did not detail numbers for 2020. Pebblebrook acquired the asset in 2010 for $90 million. Built in 1928, the hotel features amenities such as a 24-hour fitness center, in-room spa […]