REIT eyes IPOs to cash in on hotel woes | businessweek.com

A real estate investor hopes to raise $350 million in an initial public offering this week, eyeing acquisitions in the nation's downtrodden hotel market. Pebblebrook Hotel Trust plans to use cash from its IPO to purchase upscale hotels it believes will be available at deep discounts because of ongoing turmoil in real estate markets and in the hospitality industry.