Jon Bortz Of Pebblebrook Hotel Trust Sells Montrose At Beverly Hills Hotel For $44.25M

The Montrose at Beverly Hills is a 133-room hotel located at 900 Hammond Street in the West Hollywood market. The property was sold for $44,250,000, which represents a price per key of $332,707. The transaction reflects a 16.1x EBITDA multiple and a 5.2% NOI cap rate.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $44,250,000
• Address: 900 Hammond Street - Montrose at Beverly Hills
• Market: West Hollywood
• Seller: Jon Bortz - Pebblebrook Hotel Trust
• Keys: 133
• PPK: $332,707
• EBITDA Multiple: 16.1x
• NOI Cap Rate: 5.2%

Pebblebrook Hotel Trust, represented by Jon Bortz, plans to utilize the proceeds from the sale for corporate purposes, including debt reduction and share repurchases, without altering its outlook for 2025.