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Pebblebrook acquire historic Revere Hotel in Boston

Pebblebrook Hotel Trust acquired the Revere Hotel Boston Common for US$260.4 million. In addition to the acquisition of the hotel, Pebblebrook purchased an adjacent 3,181 square foot (970 square meter) vacant land parcel for potential development opportunity.

The acquisition of the Revere Hotel brings the total number in Pebblebrook’s portfolio to 35 and marks its second investment in Boston.

“Situated at the convergence of Boston’s Back Bay, Financial District and Theatre District, the Revere Hotel is proximate to the city’s most notable attractions,” said Jon Bortz, chairman and CEO of Pebblebrook. “The hotel is ideally located near high-quality demand generators including Class A office space, some of Boston’s finest dining, upscale destination retail, theatre venues, and medical and educational institutions.”

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