Pebblebrook Hotel Trust buys Boston's W Hotel for $89.5 million

03/29/2011 | American City Business Journals

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.

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