Pebblebrook Hotel Trust has acquired the Monaco Washington DC hotel in the US for $74m.

The 183-room, AAA Four Diamond, luxury hotel will continue to be managed by Kimpton Hotels & Restaurants.

The landmark property features 7,000ft² of meeting space, a fitness centre, 24-hour room service and a business centre.

Pebblebrook Hotel Trust is a real estate investment trust in US while Kimpton Hotels & Restaurants is a collection of boutique hotels.