Pebblebrook Hotel Trust and Denihan Hospitality Group Complete $50.0 Million, 3.14 Percent, Secured Debt Financing

Pebblebrook Hotel Trust and Denihan Hospitality Group Complete $50.0 Million, 3.14 Percent, Secured Debt Financing


Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that the joint venture between Pebblebrook Hotel Trust and Denihan Hospitality Group, which owns six upper upscale hotels (the “Manhattan Collection”) in New York, New York, has successfully executed a new $50.0 million non-recourse, secured loan with PNC Bank, N.A. at a fixed annual interest rate of 3.14 percent. The interest-only loan has a term of five years and is secured by a first mortgage on the upper upscale, 242-room Affinia Dumont. Proceeds from the loan will be used for general business purposes.

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