The hotel industry transactions environment came back with a vengeance during the third quarter after an extended gridlock induced by the COVID-19 pandemic and an associated bid-ask gap.
A wave of deals were announced in conjunction with third quarter earnings, the highlights of which include:
- Pebblebrook Hotel Trust bought the Jekyll Island Club Resort for $94 million and the Margaritaville Hollywood Beach Resort for $270 million and sold the Villa Florence San Francisco for $87.5 million.
