Wednesday, February 13, 2013

Pebblebrook Hotel Trust Pays $112.5M for Embassy Suites San Diego Bay




National Commercial Real Estate News From CoStar Group





Pebblebrook Hotel Trust Pays $112.5M for Embassy Suites San Diego Bay



Cornerstone Real Estate Advisors, Inc. sold the 13-story Embassy Suites San Diego Bay hotel at 601 Pacific Hwy in San Diego, CA to the Bethesda, MD-based Pebblebrook Hotel Trust REIT for $112 million, or about $334,000 per door.

The 337-suite, high-rise hotel is located on the San Diego Bayfront at Pacific Highway. It was built in 1988 and fully renovated in 2006, with nearly $3.5 million in upgrades completed in 2012. The hotel features a dramatic...






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