Pebblebrook Hotel Trust Sells Chamberlain West Hollywood Hotel For $46.5 Million

The Chamberlain West Hollywood Hotel is a 115-room hotel located at 1000 Westmount Drive in West Hollywood, CA. The property has been sold for $46,500,000, resulting in a price per key of $404,348. The asset is valued at about 14.5 times EBITDA with a 5.9% NOI cap rate.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $46,500,000
• Address: 1000 Westmount Drive, West Hollywood, CA
• Seller: Jon Bortz - Pebblebrook Hotel Trust
• Keys: 115
• Price Per Key: $404,348

Pebblebrook Hotel Trust has executed this sale as part of a portfolio monetization strategy, having disposed of over $1 billion in hotel assets since 2021. The proceeds from the sale will be utilized to reduce debt, retire preferred equity, and fund share repurchases.