Pebblebrook Hotel Trust (NYSE: PEB) yesterday announced that it closed on the sale of the 132-room Hotel Amarano Burbank in Los Angeles, California for $72.9 million.
Scheduled to open in Q4 2020, the 247-room hotel will be owned by Washington, D.C.-based developer Habte Sequar with Lima Hotels LLC. Urgo Hotels & Resorts will manage the new property.
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