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Pebblebrook Acquires Radisson Hotel Fisherman's Wharf

355-Room Hotel Sells for $132 Million in San Francisco
By Stephanie Ageno
December 11, 2013 | 3:08 P.M.

Pebblebrook Hotel Trust (NYSE:PEB) acquired the Radisson Hotel Fisherman’s Wharf at 2555 Powell St. in San Francisco for $132 million, or about $370,000 per room. Pebblebrook purchased the property in a leasehold interest through a ground lease from New York City-based Square Mile Capital Management. The lease is set to expire in 2062.

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