Tuesday, November 9, 2010

Hotel Monaco Bought

This may be old news, but it escaped us - Hotel Monaco has been bought by Pebblebrook Hotel Trust, a Real Estate Investment Trust that specializes in hotels.  The hotel will continue to be managed by Kimpton, however.

Pebblebrook reportedly bought the hotel for for $74 Million.  They also own the Doubletree in Bethesda and three other hotels in California, Georgia, and Minnesota.
Posted by Insider Media at 3:18 PM

2 comments:

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