BETHESDA, Md., Sep 29, 2010 (BUSINESS WIRE) -- Pebblebrook Hotel Trust /quotes/comstock/13*!peb/quotes/nls/peb (PEB 18.20, -0.06, -0.33%) (the "Company") today announced that it has acquired The Grand Hotel Minneapolis for $33.0 million. The 140-room, AAA four-diamond, upper-upscale, full-service hotel, featuring the 58,000-square foot Life Time Athletic Club and Life Spa, is located in the heart of downtown Minneapolis. The hotel will be managed by Kimpton Hotels and Restaurants ("Kimpton"). The transaction was funded entirely with available cash.
Read More:
0 comments:
Post a Comment