Pebblebrook has secured a $36m loan from Goldman Sachs Commercial Mortgage Capital at a fixed annualised interest rate of 5.28% for five years.

The proceeds from the loan will be used to fund future acquisitions and for general business purposes.

With the completion of this financing, the US-based hotel group has $282m cash on its balance sheet and $210m of outstanding debt.

Pebblebrook said the capital generated from recently completed debt transactions, combined with the available capacity from its credit facility, will help its acquisition of properties.