InterContinental Hotel Sells for $105 million

July 19, 2010  |  

(Atlanta Journal-Constitution) — Pebblebrook Hotel Trust has purchased the InterContinental Buckhead from InterContinental Hotel Group for $105 million, according to a news release.  The sale is the the third largest single-asset hotel transaction in the country this year, eclipsed only by the Hilton Minneapolis, which sold for $155 million, and the Hyatt Regency Boston, that went for $112 million, according to Jones Lang LaSalle Hotels, who arranged the Atlanta deal.

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