Deal Details
Preferred Stock Offering
Summary
Baird served as a co-manager in this offering.
About
Pebblebrook Hotel Trust (NYSE: PEB) (“Pebblebrook” or the “Company”) recently completed a 5,000,000 share offering of its 7.875% series A cumulative redeemable preferred shares at $25.00 per share, generating gross proceeds of $125.0 million. Pebblebrook intends to use the net proceeds from the offering to invest in hotel properties and for general business purposes.Pebblebrook is a real estate investment trust organized to opportunistically acquire and invest primarily in upper-upscale full-service hotels located in large urban and resort markets with an emphasis on the major coastal cities. The Company currently owns nine hotels with a total of 2,552 guest rooms in six states and the District of Columbia.
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- Date
- March 2011
- Company
- Pebblebrook Hotel Trust
- Transaction
- M&A
- Sectors
- Real Estate
- Target Geography
- North America
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