Honigman represents Pebblebrook in second hotel acquisition within the past month
Honigman Miller Schwartz and Cohn LLP recently represented Pebblebrook Hotel Trust in its acquisition of The Tuscan Fisherman’s Wharf, a Best Western Plus Hotel in San Francisco, California. The $122 million purchase includes a 221-room hotel, a 69-space subterranean parking lot and an 84-seat restaurant. This is Pebblebrook’s seventh hotel investment in the San Francisco market and the third in the Fisherman’s Wharf area.
In late May, Honigman led the purchase by Pebblebrook of the $185.5 million LaPlaya Beach Resort & Beach Club, which is a 189-room, luxury, full-service resort on 6 acres of beachfront property located in Naples, Florida and surrounded by the Gulf of Mexico and the Vanderbilt Bay. This year Honigman also assisted Pebblebrook in the execution of a seven-year, $100 million term loan and a five-year, $125 million term loan for renovations, acquisitions and debt payments.
Honigman attorneys J. Adam Rothstein and Karen R. Pifer represent Pebblebrook.
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 37 hotels, including 31 wholly owned hotels with a total of 7,402 guest rooms and a 49% joint venture interest in six hotels with a total of 1,777 guest rooms. The Company owns, or has an ownership interest in, hotels located in 11 states and the District of Columbia, including: San Francisco, California; Los Angeles, California (Beverly Hills, Hollywood, Santa Monica and West Hollywood); Boston, Massachusetts; New York, New York; San Diego, California; Portland, Oregon; Buckhead, Georgia; Naples, Florida; Seattle, Washington; Miami, Florida; Washington, DC; Philadelphia, Pennsylvania; Columbia River Gorge, Washington; Nashville, Tennessee; Bethesda, Maryland and Minneapolis, Minnesota. For more information, please visit us at www.pebblebrookhotels.com and follow us on Twitter at @PebblebrookPEB.