M&A Deal Summary

Pebblebrook Hotel Acquires LaSalle Hotel Properties

On September 6, 2018, Pebblebrook Hotel acquired real estate company LaSalle Hotel Properties for 5.2B USD

Acquisition Highlights
  • This is Pebblebrook Hotel’s 1st transaction in the Real Estate sector.
  • This is Pebblebrook Hotel’s largest (disclosed) transaction.
  • This is Pebblebrook Hotel’s 3rd transaction in the United States.
  • This is Pebblebrook Hotel’s 1st transaction in Maryland.

M&A Deal Summary
Date 2018-09-06
Target LaSalle Hotel Properties
Sector Real Estate
Buyer(s) Pebblebrook Hotel
Deal Type Merger
Deal Value 5.2B USD
Advisor(s) Citigroup Investment Banking
Goldman Sachs (Financial)
Goodwin Procter
DLA Piper (Legal)

Target

LaSalle Hotel Properties

Bethesda, Maryland, United States
LaSalle Hotel Properties is a multi-operator real estate investment trust. The Company owns 44 hotels. The properties are upscale, full-service hotels, totaling more than 11,100 guest rooms in 13 markets in 9 states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale, full-service hotels located in urban, resort and convention markets.

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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 3 of 5
Sector (Real Estate) 1 of 1
Type (Merger) 1 of 1
State (Maryland) 1 of 1
Country (United States) 3 of 5
Year (2018) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-23 W Los Angeles - Westwood Hotel

Los Angeles, California, United States

W Los Angeles is a full-service, luxury property with 258 modern, spacious suites a SWEAT state-of-the-art fitness center, a 7,000 square foot Bliss Spa. The Backyard restaurant and WET, a heated outdoor pool and the acclaimed NineThirty restaurant.

Buy $125M
FOLLOWING 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
Mergr

Product

Company

Legal