BETHESDA, Maryland—Pebblebrook Hotel Trust announced that it closed on the sale of The Heathman Hotel, a 151-room property in Portland, Oregon, for $45.0 million to a third party. For the trailing twelve months ended December 31, 2022, the hotel’s net operating income was $1.0 million, and its Hotel EBITDA was $1.2 million. Based on the hotel’s operating performance for 2019, the $45.0 million sales price reflects a 10.7x EBITDA multiple and an 8.4 percent net […]

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