Wednesday, October 17, 2018

Maryland REIT could reap $500M from sale of Boston Westin

Pebblebrook Hotel Trust, a Bethesda, Maryland-based hospitality-focused real estate investment trust, will market the Westin Copley Place for sale through Eastdil Secured, according real-estate capital markets publication Real Estate Alert. The 803-room Westin Copley Place in Boston’s Back Bay is the fourth-largest hotel in Massachusetts, Boston Business Journal research shows. The hotel’s sale price could reach $500 million, or around $623,000 per room, Real Estate Alert said.  Pebblebrook…



from https://www.bizjournals.com/baltimore/news/2018/10/17/maryland-reit-could-reap-500m-from-sale-of-boston.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/179148617857

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