BETHESDA, Md., Nov 22, 2010 (BUSINESS WIRE) -- Pebblebrook Hotel Trust /quotes/comstock/13*!peb/quotes/nls/peb (PEB 18.33, 0.00, 0.00%) (the "Company") today announced that it has acquired the boutique-style Sheraton Delfina Santa Monica Hotel for $102.8 million. The 310-room, upper-upscale, full-service hotel features over 10,000 square feet of meeting space, two food and beverage outlets and is located in Santa Monica, California, just minutes from the beach and all of Santa Monica's leisure attractions. The property will continue to be managed by the Viceroy Hotel Group. The transaction was funded by the Company entirely with available cash.
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