An East Coast investment trust continues to sell off its Portland hotels.
The latest deal by Pebblebrook Hotel Trust (NYSE: PEB) is the $45 million sale of the Heathman Hotel. The buyer was not disclosed in securities filings, and the transaction is expected to close soon, within the first quarter of 2023.
Once the Heathman sale closes, Pebblebrook will be left with two other downtown hotels, the Nines and Hotel Zags, in its Portland portfolio, according to securities filings. Counting the Heathman, Pebblebrook has offloaded 11 urban hotels and acquired six resort properties since 2020.
The 151-room Heathman is located at 1001 S.W. Broadway, right
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