Pebblebrook Pays $132M For San Francisco Hotel

Law360, New York (December 10, 2013, 2:02 PM EST) -- Pebblebrook Hotel Trust has nabbed the Radisson Hotel Fisherman’s Wharf and its 44,000 square feet of retail space in San Francisco for $132 million, adding a key tourist destination to the real estate investment trust’s portfolio, according to a Tuesday statement.

Under the terms of the deal, the company will own a leasehold interest in the property through a ground lease, which has 48 years remaining and will expire in 2062, the trust said.

The 355-room California hotel sits on an entire block in Fisherman’s Wharf,...
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