Hotel

Katara Hospitality acquired 100 percent of the property from its majority owner, Sahara India Pariwar.

United Capital Real Estate is suing Subrata Roy, chairman of Sahara India Pariwar, as well as its U.S. entity, alleging that they breached an agreement by seeking a separate deal.

The Bethesda, Maryland-based real estate investment trust has interviewed advisers regarding the portfolio sale.

The company made a fresh offer in writing that reflects its share gains since its bid last month, according to a Pebblebrook statement Monday.

Hotels appear to be a particularly good fit for retail centers, which tend to have ample parking, prime locations and shopping, restaurants and entertainment options readily available for travelers.

Investors like Blackstone are drawn to the strong, long-term demand they see for hotel properties.