Pebblebrook Hotel Trust announced the successful completion of the sale of the 133-room Montrose at Beverly Hills in West Hollywood, California for $44.25 million to a third party.
The sales price equates to an EBITDA multiple of 16.1x and a NOI capitalization rate of 5.2%.
Proceeds from the sale will be used for general corporate purposes, debt reduction, share repurchases, and other capital allocation priorities.
Sale Details
133-room Montrose at Beverly Hills sold for $44.25 million, with an EBITDA multiple of 16.1x and a NOI capitalization rate of 5.2%.
Use of Proceeds
Sale proceeds to be utilized for general corporate purposes, reducing debt, repurchasing shares, and supporting long-term shareholder value.
Impact on Outlook
Sale not expected to impact fourth-quarter or full-year 2025 Outlook, as previously communicated on November 5, 2025.
- The sale provides Pebblebrook with funds for strategic initiatives, including debt management and shareholder value enhancement.
- Maintaining the Outlook indicates stability and financial well-being despite the asset sale.
The sale of Montrose at Beverly Hills represents a strategic move by Pebblebrook towards optimizing its asset portfolio and strengthening its financial position.