M&A Deal Summary

Pebblebrook Hotel Acquires Estancia

On December 1, 2021, Pebblebrook Hotel acquired leisure company Estancia for 108M USD

Acquisition Highlights
  • This is Pebblebrook Hotel’s 2nd transaction in the Leisure sector.
  • This is Pebblebrook Hotel’s 5th largest (disclosed) transaction.
  • This is Pebblebrook Hotel’s 5th transaction in the United States.
  • This is Pebblebrook Hotel’s 3rd transaction in California.

M&A Deal Summary
Date 2021-12-01
Target Estancia
Sector Leisure
Buyer(s) Pebblebrook Hotel
Deal Type Add-on Acquisition
Deal Value 108M USD

Target

Estancia

La Jolla, California, United States
Estancia is located in the heart of the affluent coastal La Jolla market. The resort is a short walk from Black’s Beach, next door to the world-renowned Salk Institute for Biological Studies, and adjacent to the University of California, San Diego. This attractive resort contains 210 spacious guestrooms and suites and over 50,000 square feet of indoor and outdoor meeting and event space (originally built as a conference center) surrounded by charming courtyards and verdant gardens perfect for leisure travelers, weddings, and corporate groups.

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Buyer(S) 1

Buyer

Pebblebrook Hotel

Bethesda, Maryland, United States
Category Company
Founded 2009
Sector Real Estate
Employees60
Revenue 1.4B USD (2023)
DESCRIPTION

Pebblebrook Hotel is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and invest primarily in upper upscale, full service hotels located in urban markets in major gateway cities. The Company owns 24 hotels, comprised of 18 wholly owned hotels, with a total of 4,420 guest rooms and a 49 percent joint venture interest in six hotels with 1,733 guest rooms. Pebblebrook Hotel was founded in 2009 and is based in Bethesda, Maryland.

DEAL STATS #
Overall 5 of 5
Sector (Leisure) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (California) 3 of 3
Country (United States) 5 of 5
Year (2021) 2 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-23 Margaritaville Hollywood Beach Resort

Hollywood, Florida, United States

Margaritaville Hollywood Beach Resort is the flagship property to an internationally recognized brand synonymous with a casual-luxe lifestyle, is located on 6.2 oceanfront acres, along 450 linear feet of direct beach frontage, and is the focal point of the famous Hollywood Beach Broadwalk. Margaritaville Hollywood Beach Resort was founded in 2015 and is based in Hollywood, Florida.

Buy $270M
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