Denihan Hospitality Group plans to accelerate its hotel growth strategy into key U.S. urban markets, utilizing proceeds from an equity partnership with Pebblebrook Hotel Trust. The capital investment gives the REIT a 49 percent stake in six of Denihan’s properties throughout New York City. Denihan will continue to manage the hotels.
In recent years, Denihan has acquired The James Chicago and The James hotel brand. In addition, the hospitality group has announced the opening of The James New York SoHo, as well as the addition of the Royal Palm Miami to its collection.
Pebblebrook, Denihan form Joint Venture
The REIT will have a 49 percent stake in six of Denihan's properties in New York City.
Pebblebrook, Denihan form Joint Venture
The REIT will have a 49 percent stake in six of Denihan's properties in New York City.
