IPO News Archive

REIT Pebblebrook Hotel Trust files for a $403 million IPO

10/9/09


Pebblebrook Hotel Trust, a newly organized REIT that intends to invest in hotel properties located in large US cities, filed on Friday with the SEC to raise up to $403 million in an initial public offering. The Bethesda, MD-based company is led by Jon Bortz, the former CEO of NYSE-listed hotel REIT LaSalle Hotel Properties. BofA Merrill Lynch and Raymond James are the lead underwriters on the deal. No pricing terms were disclosed.

View IPO Profile: PEB         
Related Links: Recently Filed IPOs
Source: www.RenaissanceCapital.com
Latest User Comments
Attribution Policy: The information contained herein is proprietary and copyrighted. The media is welcome to use our information and ideas, provided that the following sourcing is included: Renaissance Capital, Greenwich, CT (www.renaissancecapital.com).
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital and/or the IPO Plus Fund (symbol: IPOSX) may have investments in securities of companies mentioned.
Invest in the IPO Plus Fund
About Fund Prospectus Invest