Sage Hospitality Expands Portland Hotel Portfolio with Hotel Modera

Top Hotel Management Company Adds Fourth Hotel in the Pacific Northwest

DENVER, Jan. 9, 2018 /PRNewswire-iReach/ -- Sage Hospitality, one of the nation's leading hotel management, investment and development companies, is excited to announce that the company was awarded the management contract for the independent Hotel Modera in Portland, Ore. on Jan. 1, 2018. Hotel Modera is owned by Pebblebrook Hotel Trust (NYSE: PEB), and this is the third hotel that Sage has been hired to manage for the real estate investment trust company.

"We are excited to continue our relationship with Pebblebrook and expand our reach in Portland," said Michael Everett, Chief Investment Officer for Sage Hospitality. "We began in Portland with the Nines, a Luxury Collection Hotel, and now we manage four hotels in the downtown area. We have enjoyed building our relationships within the quickly-growing Portland community and look forward to years of success at Hotel Modera."

Hotel Modera is a upscale, full-service boutique hotel featuring 174 guest rooms and 2,500 square feet of meeting space, including The Colosseum, a 1,600-square foot game room and flexible event space. Surrounded by fine restaurants, art galleries, museums and entertaining nightlife, the independent hotel offers a laid back and warm feel. The hotel features a 500-piece local and regional art collection, including Portland's original "Living Green Wall," a fully sustainable living work of art, located within Modera's intimate garden courtyard that features outdoor seating and fire pits for guests to enjoy. Award winning modern Italian restaurant Nel Centro, which is operated by an outside restaurateur, adds to Modera's vibrancy, serving classic dishes from Northern Italy and Southeast France. Located in Portland's Central Business District, Hotel Modera is within a short distance of many of the city's main attractions like the Portland Art Museum, Oregon Zoo, Pioneer Square and much more. Under Sage's management the hotel will continue to deliver high service standards while offering up exciting lifestyle-hotel programming, cultivating a fun atmosphere for locals and guests alike.

"We're thrilled to introduce Sage Hospitality as the manager for Hotel Modera," noted Jon E. Bortz, Chairman, President and Chief Executive Officer of Pebblebrook Hotel Trust. Sage has delivered tremendous performance managing one of our two additional downtown Portland hotels, The Nines, a Luxury Collection Hotel, and we're confident that Sage's local exposure and expertise with our hotel and others in the market will lead to great success with Hotel Modera."

To learn more about Sage Hospitality and their growing portfolio of owned and managed hotels, visit www.sagehospitality.com

About Sage Hospitality                                                                                             
Denver-based Sage Hospitality was founded in 1984 and since continues to lead the hospitality industry in hotel and restaurant management as well as real estate investment. Sage is known for outstanding relationships with hotel brands and creating places that people want to go to, not through, including 10 unique restaurant concepts by Sage Restaurant Group and independent luxury properties by Sage Hotels. To learn more about Sage, visit www.sagehospitality.com

About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust is a publicly traded real estate investment trust ("REIT") organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities.   The Company owns 28 hotels, with a total of 6,972 guest rooms.   The Company owns hotels located in 9 states and the District of Columbia, including: Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Washington, DC; Coral Gables, Florida; Naples, Florida; Buckhead, Georgia; Boston, Massachusetts; Minneapolis, Minnesota; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.   For more information, please visit us at www.pebblebrookhotels.com and follow us on Twitter at @PebblebrookPEB.

Media Contact: Kate Davis, Sage Hospitality, 720-514-1287, kate.davis@sagehospitality.com

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SOURCE Sage Hospitality



2018

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Health & Living


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Hotels and Resorts, Travel Industry



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