Real Estate Rumors: Pebblebrook Hotel, Ofer, Bainbridge

By Andrew McIntyre (November 4, 2016, 5:50 PM EDT) -- Highgate, AB & Sons and Sioni Group are buying the four-star Affinia Manhattan hotel from Pebblebrook Hotel Trust for $217.5 million, The Real Deal reported on Friday, citing sources with knowledge of the matter. The 28-story hotel at 373 Seventh Ave. in the Penn Plaza district has 618 rooms and 470,000 square feet, according to the report. The hotel was built in 1929, The Real Deal said....

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