An iconic hotel located on Goat Island in Newport, RI, has been sold in a recent transaction. The property, known as the AAA Four Diamond hotel, has been acquired by Pebblebrook Hotel Trust, represented by Jon E. Bortz. The sale price for this esteemed hotel was $174,000,000, making it a significant transaction in the hospitality industry.

Summary of transation details

• Property Type: Hotel
• Transaction Amount: $174,000,000
• Buyer: Pebblebrook Hotel Trust - Jon E. Bortz
• Seller: AAA Four Diamond

This high-profile deal was facilitated by Jon E. Bortz, a prominent figure in the hotel industry. As the buyer's representative, Bortz played a crucial role in ensuring the successful acquisition of the AAA Four Diamond hotel. With this transaction, Pebblebrook Hotel Trust expands its impressive portfolio in the hospitality sector, solidifying its position as a key player in the market.