public_filing
The Heathman Hotel — Pebblebrook disposition
$45,000,000 · $298,013/key
Pebblebrook sold The Heathman Hotel in Portland on February 22, 2023 for $45.0 million. Harbor PPK is $45.0 million ÷ 151 from Pebblebrook’s close IR — the sale 10-Q names the dollar and the day, not keys. Pebblebrook’s 10.7x / 8.4% 2019 lines are Pebblebrook’s narrative, not a second hotel price. Buyer unnamed. Not Kimpton RiverPlace and not a waterfront palace. The Westin Michigan Avenue retail parcel stays off this tape. Older than the 2025–26 blotter cut.
Pebblebrook Hotel Trust Form 10-Q, quarter ended September 30, 2023 (closed February 22; keys: Pebblebrook IR 151-room)