Crescent Real Estate acquires Colonnade in Coral Gables, Florida, from Pebblebrook.
The big deal of the past week had Pebblebrook Hotel Trust selling for just over $63 million the Hotel Colonnade Coral Cables (Autograph Collection) in Coral Gables, Florida, reportedly to a partnership between Dallas-based Crescent Real Estate and PE firm Sage Street Equity Partners. Pebblebrook acquired the property, then a Westin, in 2014 for about $43.1 million.
Download our file with all the deals of the past week by clicking here.