The W Hotel in Boston has traded to the Pebblebrook Hotel Trust for $89.5 million. The owner, Sawyer Enterprises, filed for Chapter 11 bankruptcy protection last year but had not been looking to sell the 235-key hotel. However, the price was too good to pass up, the company said. Starwood Hotels and Resorts Worldwide will continue to operate the hotel and its affiliated condominiums.
Published in Brief: