Pebblebrook Hotel Trust Acquires the InterContinental Buckhead Hotel in Atlanta, Georgia

BETHESDA, Md., Jul 01, 2010 (BUSINESS WIRE) -- Pebblebrook Hotel Trust /quotes/comstock/13*!peb/quotes/nls/peb (PEB 18.93, +0.08, +0.42%) (the "Company") today announced that it has acquired the InterContinental Buckhead Atlanta hotel for $105.0 million. The 422-room, AAA five-diamond, luxury, full-service hotel is located in the heart of Buckhead, an affluent community in Atlanta, Georgia. The hotel will continue to be managed by IHG ("InterContinental Hotels Group PLC").

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