Pebblebrook Hotel Trust completed the sale of the 115-key Chamberlain West Hollywood Hotel to an undisclosed third party for $43.5 million. The buyer provided partial consideration for the hotel in the form of Pebblebrook preferred shares, enabling the REIT to retire the shares at a discount to their liquidation preference.
For the trailing 12 months ended April 30, the hotel generated EBITDA of $3.0 million and NOI of $2.6 million, assuming a capital reserve of 4.0% of total hotel revenues. The $43.5-million sale price equates to a 14.5x EBITDA multiple and a 5.9% NOI capitalization rate.
Including this transaction and two strategic dispositions completed in the fourth quarter of 2025, Pebblebrook has completed approximately $160 million of asset sales at attractive private-market values, representing an aggregate 15.4x EBITDA multiple and 4.6% NOI cap rate. Bethesda, MD-based Pebblebrook has divested $1 billion of properties since 2021.
The post Pebblebrook Divests West Hollywood Hotel for $43M appeared first on Connect CRE.
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