Pebblebrook Trust Buys Buckhead InterContinental
From International Business Times:
IHG’s Strategy: Build, Showcase, Sell, Manage
InterContinental Hotels Group Plc (IHG) on Friday said it agreed to sell its 422-room InterContinental Buckhead Atlanta to Maryland-based Pebblebrook Hotel Trust for $105 million in cash to help grow its management and franchise businesses and reduce capital intensity. Click here for the full story.
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