Pebblebrook buys Georgia coast icon; sells in SF

Pebblebrook Hotel Trust has acquired the 200-room Jekyll Island Club Resort for US$94 million. Established in 1888, the resort is listed in the National Register of Historic Places and is located in the heart of Jekyll Island, one of the Golden Isles off the coast of Georgia. Pebblebrook retained Noble House Hotels & Resorts, which now manages six of its properties, to operate the resort. Pebblebrook also reported it is further reducing its exposure in San Francisco by selling the Villa Florence San Francisco on Union Square for US$87.5 million (US$462,963/key) to an unaffiliated third party. Pebblebrook expects the sale…
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