Pebblebrook Hotel Trust borrows $643 million under credit facility

By Sara Rosenberg

New York, March 23 – Pebblebrook Hotel Trust drew down $643 million on its $650 million unsecured credit facility to ensure sufficient liquidity and funds to meet ongoing operating needs for a sustained period, according to a news release.

Pebblebrook is a Bethesda, Md.-based real estate investment trust and owner of urban and resort lifestyle hotels.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.