public_filing
Sofitel Philadelphia at Rittenhouse Square — Pebblebrook disposition
$80,000,000 · $261,438/key
Pebblebrook closed the 306-room Sofitel Philadelphia at Rittenhouse Square on August 2, 2022 for $80.0 million to a third party. Harbor PPK is $80.0 million ÷ 306. Pebblebrook’s 10.0x / 8.6% 2019 lines are Pebblebrook’s narrative, not a second hotel price. Buyer unnamed. Harbor will not invent a split of Pebblebrook’s $183.9 million Q3 2022 proceeds line — each house already has its own named price. The $260.9 million 2022 year total stays combined. Older than the 2025–26 blotter cut.
Pebblebrook Hotel Trust Form 8-K, August 2, 2022 (press dated August 3)