Pebblebrook Hotel Trust Closes the Sale of Hotel Spero
BETHESDA, Maryland—Pebblebrook Hotel Trust announced it closed on the sale of the 236-room Hotel Spero in San Francisco, California, for $71.0 million to a third party. For the trailing twelve months ended June 30, 2022, the hotel’s net operating loss was ($1.6) million, and its Hotel EBITDA was ($1.4) million. Based on the hotel’s operating performance for 2019, the $71.0 million sales price reflects a 9.1 times EBITDA multiple and a 9.8 percent net operating […]
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