The Chamberlain West Hollywood Hotel quietly changed hands on May 27, 2026, as Pebblebrook Hotel Trust moved the 115-room boutique off its books for $43.5 million. The property, tucked along Westmount Drive near the Sunset Strip and known for its on-site spot The Fitting Room and a rooftop pool and bar, is now in the hands of an undisclosed private buyer.
Company release lays out the numbers
Pebblebrook confirmed the sale in a company release that lays out the financials for would-be deal watchers. The Chamberlain generated about $3.0 million in EBITDA and roughly $2.6 million in NOI over the trailing 12 months that ended April 30, 2026. The $43.5 million price works out to a 14.5-times EBITDA multiple and a 5.9% capitalization rate, according to a Business Wire release republished on Fidelity.
That same Business Wire filing notes that Pebblebrook accepted preferred shares with an aggregate $33.7 million liquidation preference as partial consideration, at an agreed value near $26.1 million. Initial coverage of the transaction appeared in The Business Journals.
Why Pebblebrook says it sold
Pebblebrook told investors it plans to aim the net proceeds primarily at cleaning up the balance sheet. That includes reducing outstanding net debt, retiring preferred equity and, when it makes sense, repurchasing common shares. The company also updated its 2026 outlook to remove the Chamberlain from same-property metrics for the rest of the year.
In its first-quarter update, Pebblebrook framed the sale as one more step in an ongoing portfolio-optimization push that has brought in more than $160 million of dispositions since late 2025.
How the price stacks up in WeHo
On a per-room basis, the Chamberlain fetched roughly $378,000 per key. That lands in line with recent boutique hotel trades in West Hollywood, where repositioned full-service properties continue to draw investor attention even as financing stays tight.
Pebblebrook’s last major exit in the neighborhood, the Montrose at Beverly Hills, closed for about $44.25 million in November 2025, a deal reported by the Los Angeles Times.
What guests and neighbors should expect
For now, Pebblebrook is keeping the buyer firmly in the background, describing the new owner only as a “third party” and declining to outline any rebranding plans or management changes at the time of the sale. The hotel’s official site still lists the Chamberlain at 1000 Westmount Drive and continues to promote The Fitting Room along with the rooftop pool, which suggests day-to-day operations remain steady while the new owner decides what to do with the asset.
For additional details straight from the source, see Pebblebrook and the Chamberlain West Hollywood.
