Pebblebrook Hotel Trust Completes $52.5M Debt Financing

Posted by Orb Staff on December 14, 2010 No Comments
Categories : Commercial Mortgage

Pebblebrook Hotel Trust has executed a new $52.5 million secured loan with Goldman Sachs Commercial Mortgage Capital LP at a fixed annualized interest rate of 4.88%.

The loan has a term of five years and is collateralized by the 422-room InterContinental Buckhead Hotel in Buckhead, Ga. Proceeds from the loan will be used to fund future acquisitions and for general business purposes.

SOURCE: Pebblebrook Hotel Trust

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