public_filing
Margaritaville Hollywood Beach Resort — Pebblebrook acquisition
$270,000,000 · $731,707/key
Pebblebrook acquired the 369-room Margaritaville Hollywood Beach Resort on September 23, 2021 for a $270 million purchase price. Harbor PPK is $270 million ÷ 369 and is not a fee-simple South Beach rooms deed. The same 8-K names a first-lien mortgage on the ground lease with the City of Hollywood, expiring July 2112. Use the $270 million table price, not the $108.5 million cash and not the $161.5 million assumed loan — those are funding, not a second hotel price. Seller unnamed. Not a South Beach palace PPK. Jekyll Island Club Resort $94.0 million / 200 is its own tape. The Kimpton Sir Francis Drake $157.6 million net-proceeds line stays off. Older than the 2025–26 blotter cut.
Pebblebrook Hotel Trust Form 8-K, September 23, 2021 (closed September 23)