News & Videos - PEBBLEBROOK HOTEL TRUST

Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today provided an update on recent operating trends. Please visit https://investor.pebblebrookhotels.com/investor-presentations-1 to view the updated presentation the Company issued on its website with additional details on the current operating trends. About Pebblebrook Hotel Trust Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (“REIT”) and the largest owner of urban and resort lifestyle hotels...

Q2 FINANCIAL HIGHLIGHTS Net income: $46.2 million Same-Property Total RevPAR(1) increased 0.6% vs. 2022, with urban markets up 6.0%, leading the portfolio’s growth Same-Property EBITDA of $110.7 million, in line with our previous Q2 Outlook Adjusted EBITDA re (1) of $116.2 million and Adjusted FFO(1) per diluted share of $0.62, both exceeded our Q2 Outlook Repurchased 3.6 million common shares for $50.0 million during the quarter HOTEL OPERATING TRENDS Business demand, both group and...

Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today provided an update on recent operating trends. Please visit https://investor.pebblebrookhotels.com/investor-presentations-1 to view the updated presentation the Company issued on its website with additional details on the current operating trends. About Pebblebrook Hotel Trust Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (“REIT”) and the largest owner of urban and resort lifestyle hotels...

Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.01 per common share of beneficial interest, to be paid on July 17, 2023 to shareholders of record as of June 30, 2023 (the “Record Date”). The Board of Trustees also authorized, and the Company has declared, regular quarterly cash dividends on the Company’s preferred shares of beneficial interest as follows, each of...

Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it will report its financial and operating results for the quarter ended June 30, 2023 on Thursday, July 27, 2023, after the market closes. The Company will conduct its quarterly conference call on Friday, July 28, 2023, at 9:00 AM ET. To participate in the conference call, please follow the steps listed below: On Friday, July 28, 2023, dial (877) 407-3982 approximately ten minutes before the call begins (8:50 AM ET);...

Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) announced that on May 24, 2023, it closed on the sale of the 125-room Hotel Vintage Seattle in Seattle, WA for $33.7 million to a third party. For the trailing twelve months ended March 31, 2023, the hotel’s net operating income was $0.8 million, and its Hotel EBITDA was $1.1 million, with the $33.7 million sales price reflecting a 31.0x EBITDA multiple and a 2.3% net operating income capitalization rate. Based on the hotel’s operating...

Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today provided an update on recent operating trends. Please visit https://investor.pebblebrookhotels.com/investor-presentations-1 to view the updated presentation the Company issued on its website with additional details on the current operating trends. About Pebblebrook Hotel Trust Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (“REIT”) and the largest owner of urban and resort lifestyle hotels...

Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) announced that on May 9, 2023, it closed on the sale of the 189-room Hotel Monaco Seattle in Seattle, WA for $63.3 million to a third party. For the trailing twelve months ended March 31, 2023, the hotel’s net operating income was $1.6 million, and its Hotel EBITDA was $2.1 million, with the $63.3 million sales price reflecting a 30.7x EBITDA multiple and a 2.5% net operating income capitalization rate. Based on the hotel’s operating...

Pebblebrook Hotel Trust (NYSE: PEB): Q1 FINANCIAL HIGHLIGHTS Net loss: ($22.0) million Same-Property Total RevPAR(1) increased 23.8% vs. 2022 Same-Property EBITDA(1) $59.3 million, 25.4% above 2022 Adjusted EBITDA re (1) $60.8 million, increased 30.8% vs. 2022 Adjusted FFO(1) per diluted share $0.18 vs. $0.11 in 2022 HOTEL OPERATING TRENDS Business demand, both group and transient, continues to recover, benefiting our urban markets as well as our resorts; group revenue pace for Q2-Q4 2023 is up...

Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it will report its financial and operating results for the quarter ended March 31, 2023 on Wednesday, April 26, 2023, after the market closes. The Company will conduct its quarterly conference call on Thursday, April 27, 2023, at 10:00 AM ET. To participate in the conference call, please follow the steps listed below: On Thursday, April 27, 2023, dial (877) 407-3982 approximately ten minutes before the call begins (9:50...

Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that on March 28, 2023, it closed on the sale of the 157-room Hotel Colonnade Coral Gables, Autograph Collection in Coral Gables, FL for $63.0 million to a third party. For the trailing twelve months ended December 31, 2022, the hotel’s net operating income was $4.1 million, and its Hotel EBITDA was $4.8 million. Based on the hotel’s operating performance for 2019, the $63.0 million sales price reflects a 15.4x EBITDA...

Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today provided an update on recent operating trends. Please visit https://investor.pebblebrookhotels.com/investor-presentations-1 to view the updated presentation the Company issued on its website with additional details on the current operating trends. About Pebblebrook Hotel Trust Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (“REIT”) and the largest owner of urban and resort lifestyle hotels...

Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it closed on the sale of 909 North Michigan Avenue, a 5,860 square-foot 3-tenant fully occupied high-street retail parcel, adjacent to the Company’s Westin Michigan Avenue Chicago for $27.3 million to a third party. Based on the retail parcel’s net operating income for the year ended December 31, 2022, the sales price reflected an approximately 7.7% cap rate. Proceeds from the sale will be used for general corporate...

Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.01 per common share of beneficial interest, to be paid on April 17, 2023 to shareholders of record as of March 31, 2023 (the “Record Date”). The Board of Trustees also authorized, and the Company has declared, regular quarterly cash dividends on the Company’s preferred shares of beneficial interest as follows, each...

Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced the winners of its Eleventh Annual Pebby Awards. The Pebby Award winners were chosen for their outstanding accomplishments in 2022, as determined by the Company. “Our hotel managers continued to excel in 2022,” said Jon E. Bortz, Chairman, President and Chief Executive Officer of Pebblebrook Hotel Trust. “Each year, the Pebby Awards recognize and celebrate the hard work of all of our property teams, operating companies...

Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that on February 22, 2023, it closed on the sale of the 151-room The Heathman Hotel in Portland, OR for $45.0 million to a third party. For the trailing twelve months ended December 31, 2022, the hotel’s net operating income was $1.0 million, and its Hotel EBITDA was $1.2 million. Based on the hotel’s operating performance for 2019, the $45.0 million sales price reflects a 10.7x EBITDA multiple and an 8.4% net operating...

Pebblebrook Hotel Trust (NYSE: PEB): 2022 FINANCIAL RESULTS Net loss of ($85.0) million Same-Property Total RevPAR (1) increased 65.1% vs. 2021 and 93.0% recovered to 2019 Same-Property EBITDA (1) $391.0 million, 123.0% above 2021 and 84.5% recovered to 2019 Adjusted EBITDA re (1) $356.7 million, vs. $99.8 million in 2021 Adjusted FFO (1) per diluted share $1.69 vs. ($0.23) in 2021 Q4 FINANCIAL HIGHLIGHTS Net loss: ($39.9) million Same-Property Total RevPAR (1) up 27.9% vs. 2021 and 93.9%...

Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced the nominations for its Eleventh Annual Pebby Awards. The Pebby Award nominees were chosen for their outstanding accomplishments in 2022, as determined by the Company. This year’s nominees feature a diverse mix of urban hotels and resorts. Numerous properties have earned several nominations, including Margaritaville Hollywood Beach Resort, The W Boston, The Westin Copley Place, Boston, and The Westin San Diego Gaslamp...

Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced the following tax treatment of the 2022 distributions to holders of the Company’s common and preferred shares. Record Date Payable Date Total Distribution Per Share Ordinary Dividend Total Capital Gain Distribution Unrecap Sec. 1250 Gain Nondividend Distribution Section 199A Dividend 897 Gain Security Description/CUSIP: 70509V100 Ticker Symbol: PEB 12/31/2021 1/18/2022 $0.010000 $0.010000 $0.000000 $0.000000 $0.000000...

Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today provided an update on recent operating trends and information. Please visit https://investor.pebblebrookhotels.com/investor-presentations-1 to view the updated presentation the Company issued on its website. Additionally, based upon an initial review of preliminary operating and financial results, the Company has provided preliminary fourth quarter and full year 2022 results as follows: Preliminary Q4 2022 Results (1) (As of...