BETHESDA, Md. - Pebblebrook Hotel Trust Inc. has added $52.5 million of debt to its books, taking out a secured loan collateralized by the 422-room Intercontinental Buckhead Hotel in Georgia.
The Maryland-based REIT got a five-year, 4.88 percent fixed-rate loan from Goldman Sachs Commercial Mortgage Capital LP. Loan proceeds will be used for future acquisitions and general purposes.
Pebblebrook acquired the Buckhead hotel in July for $105 million.
Pebblebrook is now shouldering $143.6 million of outstanding debt at a weighted average annual interest rate of 3.78 percent. It has no outstanding balance on its $150 million senior secured credit facility.
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