Pebblebrook Hotel Trust sells Massachusetts hotel for $58.3 million

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Pebblebrook Hotel Trust sold a 112-room hotel in Boston for $58.3 million, the real estate investment trust announced. The sale price for the Onyx Hotel represents a price of more than 15 times EBITDA, and a 5.9 percent net operating income capitalization rate, based on the hotel’s performance in 2018, Pebblebrook said in a news ...

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