Pebblebrook Hotel Trust Sells 174-Room The Hotel Zags in Downtown Portland for $10MM

Pebblebrook Hotel Trust has sold a money-losing boutique hotel in downtown Portland for about $57,500 per room. The deal shows how far downtown hotel values have fallen while the market's recovery from the pandemic remains incomplete. Pebblebrook Hotel Trust completed the sale of The Hotel Zags, a 174-room hotel in downtown Portland, on October 8 […]