>Pebblebrook to purchase Hotel Monaco

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>Pebblebrook Hotel Trust plans to acquire D.C.’s Hotel Monaco and conduct a $350 million public stock offering, according to documents filed Tuesday with the U.S. Securities and Exchange Commission.

The Bethesda-based real estate investment trust is under contract to purchase the 183-room hotel for $74 million, according to the filing. It is one of two hotels the company plans to acquire soon, the other being The Grand Hotel in Minneapolis.

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