public_filing
Hotel Colonnade Coral Gables — Pebblebrook disposition
$63,000,000 · $401,274/key
Pebblebrook closed the 157-room Hotel Colonnade Coral Gables, Autograph Collection on March 28, 2023 for $63.0 million to a third party. Harbor PPK is $63.0 million ÷ 157. Pebblebrook’s 15.4x / 5.5% 2019 lines are Pebblebrook’s narrative, not a second hotel price. Buyer unnamed. Not Host’s 2022 YVE $50 million downtown tape and not a South Beach luxury PPK. The Westin Michigan Avenue retail parcel stays off this tape. Older than the 2025–26 blotter cut.
Pebblebrook Hotel Trust Form 8-K, March 28, 2023 (press dated March 29)