Pebblebrook Hotel Trust (NYSE:PEB) acquired Gurney's Newport Resort & Marina from George Filopoulos of Metrovest and BLDG Management for approximately $170 million on June 23, 2022. The company funded this transaction with available cash on hand and proceeds from its senior unsecured revolving credit facility. The resort will become part of Curator Hotel & Resort Collection. In addition, the company has the right to purchase the marina in 2027.

Pebblebrook Hotel Trust (NYSE:PEB) completed the acquisition of Gurney's Newport Resort & Marina from George Filopoulos of Metrovest and BLDG Management on June 23, 2022.