Melody Investment Advisors Expands Rooftop Portfolio via Partnership with Pebblebrook Hotel Trust News provided by Share this article Share this article NEW YORK, Feb. 11, 2021 /PRNewswire/ Melody Investment Advisors LP ( Melody Investment Advisors ), an alternative asset manager focused on communications infrastructure, and Pebblebrook Hotel Trust ( Pebblebrook ), a publicly-traded real estate investment trust ( REIT ) and the largest owner of urban and resort lifestyle hotels in the United States, announced an investment by Melody of cell site installations with regards to 14 rooftop wireless assets at 11 of Pebblebrook s hotels and resorts. In addition to Melody s investment, Melody and Pebblebrook have also established a strategic marketing and revenue sharing agreement covering the same 11 Pebblebrook properties.
News Wire Feed Light Reading 2/11/2021 NEW YORK Melody Investment Advisors LP ( Melody Investment Advisors ), an alternative asset manager focused on communications infrastructure, and Pebblebrook Hotel Trust ( Pebblebrook ), a publicly-traded real estate investment trust ( REIT ) and the largest owner of urban and resort lifestyle hotels in the United States, announced an investment by Melody of cell site installations with regards to 14 rooftop wireless assets at 11 of Pebblebrook s hotels and resorts. In addition to Melody s investment, Melody and Pebblebrook have also established a strategic marketing and revenue sharing agreement covering the same 11 Pebblebrook properties. This arrangement positions us to generate additional revenue growth from a key, but underdeveloped, asset class that we have in our urban and resort lifestyle hotel portfolio: our rooftops, said Max Leinweber and Jen Yager, Vice Presidents of Investments at Pebblebrook, Many of the rooftops within our 53-hotel portfolio are located in high-density metropolitan areas throughout the country. We can now provide the wireless communications industry a seamless and efficient process for anchoring their networks in high-value locations when an expansion is of critical importance to the wireless industry. We believe that Melody is an ideal partner to help realize this potential, especially during the 5G build-out cycle for wireless carriers.