Pebblebrook Acquires Philadelphia Sofitel

PHILADELPHIA, PA–Pebblebrook Hotel Trust has purchased the 306-room Sofitel here for $87 million.

The seller of the 10-year-old property was South 17th Street Ownerco.

The hotel, which is located in the center of the citys financial district, is the eighth property acquired by the REIT since it was formed a year ago.