Pebblebrook Hotel Trust Acquires Gurney’s Newport Resort & Marina in Newport, RI
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Friday, June 24, 2022
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Pebblebrook Hotel Trust (NYSE: PEB) (the Company) today announced that on June 23, 2022, it acquired the AAA Four Diamond 257-room Gurneys Newport Resort & Marina (Gurneys Newport) in Newport, Rhode Island for $174.0 million.
Key Points:
- Pebblebrook Hotel Trust (NYSE: PEB) (the Company) today announced that on June 23, 2022, it acquired the AAA Four Diamond 257-room Gurneys Newport Resort & Marina (Gurneys Newport) in Newport, Rhode Island for $174.0 million.
- Gurneys Newport is an irreplaceable ten-acre waterside resort located on highly visible Goat Island in world-famous Newport, Rhode Island.
- The resort also contains a 22-slip full-service marina with direct access to Gurneys Newport.
- We are very excited to acquire this extremely unique premier resort within the vibrant, high barrier to entry Newport market, said Jon E. Bortz, Chairman, President, and Chief Executive Officer of Pebblebrook Hotel Trust (Pebblebrook).