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Pebblebrook Completes $331 Million Hotel Deal Amid Withdrawal of 2020 Financial Outlook

Brookfield Hospitality Acquires InterContinental Buckhead Atlanta and Sofitel Washington D.C. Lafayette Square
Pebblebrook sold the Sofitel Washington D.C. Lafayette Square as part of a two-property package. (CoStar)
Pebblebrook sold the Sofitel Washington D.C. Lafayette Square as part of a two-property package. (CoStar)
By Madison Cromwell
CoStar Research
March 12, 2020 | 12:35 P.M.

Pebblebrook Hotel Trust closed on its previously announced sale of two luxury hotels just days before withdrawing its financial performance outlook for 2020 as the coronavirus pandemic takes its toll on the hospitality industry.

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