News for the Hospitality Executive
HOLLYWOOD, Calif. - February 25, 2013 --Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced the winners of its first annual Pebby Awards. The Pebby Awards winners were chosen for their outstanding accomplishments in 2012, as determined by the Company.
“We want to acknowledge the hard work, commitment to excellence and overall successes of our hotel management teams in 2012,” noted Jon Bortz, Chairman, President and Chief Executive Officer of Pebblebrook Hotel Trust. “And while so many of our property teams were great performers, these award winners, working closely with our asset managers, stood out for driving particularly exceptional results during the year. We created the ‘Pebby’ awards to recognize some of our star performers for 2012.”
The categories for the awards are Best Picture, Best Directing, Best Visual Effects, Best Adaptation of an Original Screenplay, Best Cinematography, and Best Production.
CRITERIA – For best overall performance by a hotel in 2012, based on operating execution and profitability, taking into consideration the strength of the market in which the hotel is located.
AND THE 2012 WINNER IS – INTERCONTINENTAL BUCKHEAD ATLANTA, MANAGED BY INTERCONTINENTAL HOTELS GROUP!
CRITERIA – For best overall leadership by a management team in 2012, including revenue management, sales, marketing and comprehensive expense management.
AND THE 2012 WINNER IS – THE ARGONAUT HOTEL IN SAN FRANCISCO, CA, MANAGED BY KIMPTON HOTELS & RESTAURANTS GROUP!
Best Visual Effects
CRITERIA – For best overall performance during a major renovation, following the Company’s standard of “Relentless pursuit of continuous improvement,” maintaining a pleasant and professional demeanor while living through disruption, surprises and great inconveniences.
AND THE 2012 WINNER IS – THE WESTIN GASLAMP QUARTER, SAN DIEGO, MANAGED BY STARWOOD HOTELS & RESORTS!
CRITERIA – For best implementation of energy conservation programs and green initiatives in an effort to reduce the hotel’s carbon footprint and energy expenses.
AND THE 2012 WINNER IS – THE HOTEL MONACO WASHINGTON, DC, MANAGED BY KIMPTON HOTELS & RESTAURANTS GROUP!
Best Adaptation of an Original Screen Play
CRITERIA – For best overall forecasting accuracy of actual operating profitability by an individual hotel.
AND THE 2012 WINNER IS – THE SOFITEL PHILADELPHIA HOTEL, MANAGED BY SOFITEL (ACCOR SA)!
CRITERIA – For best overall hotel profitability flow-through in 2012. The management team at this hotel generated the greatest operating profitability improvement over the prior year.
AND THE 2012 WINNER IS – VICEROY MIAMI, MANAGED BY VICEROY HOTEL GROUP!
“We're thrilled by the successes of these properties, and heartily applaud them, along with all of our property teams,” stated Mr. Bortz.
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 26 hotels, including 20 wholly owned hotels with a total of 4,952 guest rooms and a 49% joint venture interest in six hotels with a total of 1,733 guest rooms. The Company owns, or has an ownership interest in, hotels located in ten states and the District of Columbia, including 16 markets: Los Angeles, California; San Diego, California; San Francisco, California; Santa Monica, California; West Hollywood, California; Miami, Florida; Buckhead, Georgia; Bethesda, Maryland; Boston, Massachusetts; Minneapolis, Minnesota; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Columbia River Gorge, Washington; Seattle, Washington; and Washington, DC. For more information, please visit www.pebblebrookhotels.com.
Pebblebrook Hotel Trust
Raymond D. Martz
Chief Financial Officer
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News Being Published on Hotel-Online Inquire Here
Hotel Trust Acquires the 337-suite Embassy Suites San Diego Bay –
Downtown for $112.5 Million; To Be Managed by HEI Hotels and Resorts
/ January 2013
Hotel Trust Acquires the 196-room Hotel Palomar San Francisco for $58.0
million; Property will Continue to be Managed by Kimpton Hotels &
Restaurants / October 2012
Hotel Trust Acquires the 258-room, All- Suite, W Los Angeles from
Starwood Hotels & Resorts for $125 million; Property will Continue
to be Managed by Starwood / August 2012
Hotel Trust Acquires the Hotel Vintage Park Seattle for $32.5 million
and the Hotel Vintage Plaza Portland for $30.5 million; Both Properties
Will Continue to be Managed by Kimpton Hotels & Restaurants /
Hotel Trust Acquires the 108-room Hotel Milano in San Francisco,
California for $30 Million; To be Managed by Viceroy Hotel Group /
Hotel Trust and Denihan Hospitality Group Complete Joint Venture for
Six Manhattan Hotels Valued at $910 Million / August 2011
Hotel Trust and Denihan Hospitality Group Form Equity Partnership
Giving Pebblebrook 49% Ownership for Six of Denihan's New York City
Hotels / June 2011
Hotel Trust Acquires the 235-room W Boston for $89.5 million;
Management to Remain with Starwood Hotels & Resorts / June 2011
Hotel Trust Acquires the 148-room Viceroy Miami Hotel for $36.5
million; Viceroy Hotel Group will Continue as Property Manager /
Hotel Trust Acquires the 450-room Westin Gaslamp Quarter in San Diego,
California for $110 Million with Plans for $23 Million in Property
Enhancements / April 2011
Capital Partners Acquires the Royal Palm Hotel in South Beach, Florida
for $130 million, or Roughly $318,000 per key; Plans Include Complete
Renovation and Rebranding as The James Royal Palm; Denihan Hospitality
to Remain as Property Management Firm / April 2011
Hotel Trust Acquires the 252-room Argonaut Hotel, San Francisco for $84
million / February 2011
Hotel Trust Acquires the 310-room Sheraton Delfina Santa Monica Hotel
for $102.8 million / November 2010
Hotel Trust Acquires 254-room Skamania Lodge in Stevenson, Washington
for $55.8 million; Destination Hotels & Resorts Will Continue as
Management Company / November 2010
Hotel Trust Acquires The Grand Hotel Minneapolis for $33 million;
Appoints Kimpton to Manage the 140-room Hotel / September 2010
|Pebblebrook Extending its Due Diligence on the Grand Hotel Minneapolis an Additional 30 Days to Resolve Significant and Unanticipated Matters before Finalizing Acquisition of Hotel for $36 million / August 2010|