Pebblebrook Hotel Trust has paid $174 million, or $677,043/room, for the 257-room Gurney’s Newport Resort & Marina in Newport, R.I. The Bethesda, Md., REIT bought the property, constructed in 1969 on 10 acres on Goat Island, from New Jersey developer, George Filopoulos, president of Metrovest Equities, who owns a similarly branded resort in the Long […]

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