Pebblebrook Hotel Trust Acquires Gurney's Newport Resort and Marina in Rhode Island, USA.
MANews-(C)2009-2022
US-based real estate investment trust Pebblebrook Hotel Trust (NYSE: PEB) has acquired the AAA Four Diamond 257-room Gurney's Newport Resort and Marina in Newport, Rhode Island for USD 174m, the company said.
Gurney's Newport is a ten-acre waterside resort located on highly visible Goat Island in world-famous Newport, Rhode Island.
The independent resort boasts 360-degree unobstructed water views of Narragansett Bay as well as Newport Harbor, and the Newport Bridge.
Gurney's Newport features 257 guestrooms, including 18 spacious suites, and 80,000 square feet of flexible indoor and outdoor event space, surrounded by expansive lawns, sweeping water views, a marina, and a historic lighthouse.
The resort contains a wide variety of waterside eateries, including Showfish Newport and The Pineapple Club, which feature ingredient-driven menus with healthy bites, locally sourced dishes, and seasonal classics.
The resort also contains a 22-slip full-service marina with direct access to Gurney's Newport.
Additional resort amenities include a 3,000-square foot spa with nine treatment rooms, outdoor fireplaces throughout, a lobby bar, a grab-and-go coffee shop, a 3,200-square foot waterside pavilion with fantastic views, a resort-style saltwater outdoor pool with poolside cabanas, an indoor pool, a fitness center, and a seasonal ice-skating rink.
Pebblebrook said potential improvements include fully renovating the guestrooms and guest bathrooms, upgrading the lobby, arrival experience, and landscaping, refurbishing the restaurants and bars, adding a market, relocating/upgrading the spa, reimagining the Grand Ballroom, South Lawn, and outdoor pavilion spaces...
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