Pebblebrook Hotel Trust Completes $52.5M Debt Financing

Pebblebrook Hotel Trust has executed a new $52.5 million secured loan with Goldman Sachs Commercial Mortgage Capital LP at a fixed annualized interest rate of 4.88%.

The loan has a term of five years and is collateralized by the 422-room InterContinental Buckhead Hotel in Buckhead, Ga. Proceeds from the loan will be used to fund future acquisitions and for general business purposes.

SOURCE: Pebblebrook Hotel Trust

LEAVE A REPLY

Please enter your comment!
Please enter your name here