Pebblebrook Hotel Trust Completes $31.0 Million
There was original loan in several times in the ebblebrook Hotel Trust for today announced that it has successfully secured a new $ 31.0 million loan with UBS Real Estate Securities Inc., which is expected to fund 25 January 2011 carried. The loan has a fixed annual interest rate of 5.44 percent and a maturity of five years. The loan is collateralized by a first mortgage on the 256-room Skamania Lodge in Stevenson, Washington, and the proceeds of the loan will be used to finance future acquisitions and for general corporate purposes.
in this fact that let guess the entire result for conclusion only, with the completion of this financing, the company has $ 174,600,000 of the outstanding debt at a weighted average annual interest rate of 4.07 percent. The Company has no outstanding balance of $ 150.0 million senior secured credit facility. The capability company said regulation traffic value makes it so easy to finish up loans.
Pebble Brook Hotel Trust is a publicly traded real estate investment trust organized to opportunistically acquire and invest primarily in Upper luxury, full-service hotels located in major urban and resort markets with an emphasis on the major coastal cities. The company owns eight hotels, with a total of 2,300 rooms.