Pebblebrook Hotel Trust acquires Gurney’s Newport for $174M

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GURNEY'S NEWPORT RESORT & MARINA on Goat Island in Newport was recently acquired by Pebblebrook Hotel Trust for $174 million. The company is planning a number of renovations and upgrades and retains the right to purchase the 22-slip marina in 2027. / COURTESY GURNEY’S NEWPORT RESORT & MARINA
NEWPORT – Pebblebrook Hotel Trust has purchased Gurney’s Newport Resort & Marina for $174 million, the company announced June 24. The 10-acre resort on Goat Island features 80,000 feet of indoor and outdoor event space, with 257 guestrooms, including 18 large suites and a 22-slip marina that can accommodate boats up to 240 feet long.…

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