pebblebrook
Introducing Curator Hotel & Resort Collection From Pebblebrook Hotel Trust and Six Industry-Leading Hotel Operators
Curator Hotel & Resort Collection | November 17, 2020
BETHESDA, Md.--November 17, 2020-- Pebblebrook Hotel Trust (NYSE: PEB) and six industry-leading hotel operators today jointly announced the launch of Curator Hotel & Resort Collection, a hand-selected collection of small brands and independent lifestyle hotels and resorts worldwide. Curator's distinct owner-centric platform offers an alternative for independent lifestyle hotels looking to strengthen their performance, providing them with best-in-class agreements, services, and technology, while allowing them to retain their unique identity. Created by owners and operators, Curator gives its members the power to compete together on their o...
Pebblebrook Hotel Trust Reports Third Quarter 2020 Results
Pebblebrook Hotel Trust | November 2, 2020
BETHESDA, Md.--Pebblebrook Hotel Trust (NYSE:PEB): REOPENING OF HOTELS AND RESORTS 39 hotels and resorts currently open, which is approximately three-fourths of the Company’s portfolio; these 39 properties accounted for 76% of Pebblebrook’s 2019 Hotel EBITDA Demand in the third quarter continued to increase from the second quarter’s all-time low, with healthy leisure business throughout the quarter and a modest post-Labor Day improvement in business travel In October, the Company reopened Hotel Vintage Portland, Hotel Zena Washington DC, The Heathman in Portland, and Hotel Vintage Seattle AVERAGE MONTHLY CASH ...
Pebblebrook Hotel Trust Reports Second Quarter 2020 Results
Pebblebrook Hotel Trust | July 31, 2020
BETHESDA, Md.-- Pebblebrook Hotel Trust (NYSE:PEB): REOPENING & REDEVELOPMENT OF HOTELS AND RESORTS 24 hotels and resorts currently open, approximately half of the Company’s portfolio, and expecting to reopen an additional 5 hotels by mid-August, for a total of 29 open hotels and resorts All 8 resorts are experiencing a healthy recovery in occupancy and EBITDA and in total, they are achieving average rates at a premium to 2019 Completed 8 redevelopment projects; 40 of 53 hotels and resorts have undergone transformational redevelopments or comprehensive renovations in the last 5 years AVERAGE MONTHLY CASH BURN ...
Pebblebrook Hotel Trust Completes Sale of InterContinental Buckhead Atlanta and Sofitel Washington DC Lafayette Square
Pebblebrook Hotel Trust | March 9, 2020
BETHESDA, Md. -- March 9, 2020 -- Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it closed on the sale of the 422-room InterContinental Buckhead Atlanta in Atlanta, Georgia and the 237-room Sofitel Washington DC Lafayette Square in Washington, D.C. for $331.0 million to a third party on March 6, 2020. For InterContinental Buckhead Atlanta, the contracted sale price reflects a 13.7x EBITDA multiple and a 6.4% net operating income capitalization rate based on the hotel’s operating performance for 2018. Based on the hotel’s operating performance for 2019, the contracted sales price reflects a 13.0x EBITDA mul...
Pebblebrook and SH Hotels Plan 2021 Opening of 1 Hotel San Francisco
1 Hotels | February 19, 2020
Currently operating as Hotel Vitale, the property will undergo a full $25 million renovation and conversion BETHESDA, Md.--(BUSINESS WIRE)-- Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) and SH Hotels and Resorts today announced the planned transformation of Hotel Vitale to the sustainability-focused, mission-driven and luxury experiential 1 Hotel San Francisco, which is expected to open in 2021 following a full renovation and conversion into a flourishing urban retreat. Located on the Embarcadero waterfront overlooking the Bay Bridge, and steps from the historic Ferry Building, the property has a great location and is current...
Pebblebrook Hotel Trust and Margaritaville Enterprises Bringing Margaritaville Hotel to San Diego’s Gaslamp Quarter
Margaritaville | February 13, 2020
BETHESDA, Md.--February 13, 2020-- Today, Pebblebrook Hotel Trust (NYSE: PEB, “Pebblebrook” or “the Company”) and Margaritaville Enterprises LLC announced the global lifestyle brand’s second west coast resort, The Margaritaville Hotel San Diego Gaslamp Quarter. The property is expected to open in 2021 in downtown San Diego, California. Located in the heart of the Gaslamp Quarter, just blocks from Petco Park and the San Diego Convention Center, the hotel will feature 235 guest rooms as well as signature Margaritaville food and beverage concepts. Travelers can immerse themselves in the excitement of the city while staying in a trul...
Pebblebrook to Sell InterContinental Buckhead Atlanta and Sofitel Washington DC Lafayette Square for $331 Million
Pebblebrook Hotel Trust | January 28, 2020
BETHESDA, Md.- Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it executed a contract to sell the 422-room InterContinental Buckhead Atlanta in Atlanta, Georgia and the 237-room Sofitel Washington DC Lafayette Square in Washington, D.C. for $331.0 million to a third party. For InterContinental Buckhead Atlanta, the contracted sale price reflects a 13.7x EBITDA multiple and a 6.4% net operating income capitalization rate based on the hotel’s operating performance for 2018. Based on the hotel’s estimated 2019 operating performance, the contracted sales price reflects a 13.0x EBITDA multiple and a 6.8% net ope...
Pebblebrook Hotel Trust Announces the 8th Annual Pebby Award Nominations
Pebblebrook Hotel Trust | January 14, 2020
HOLLYWOOD, Calif.--January 14, 2020-- Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced the nominations for its Eighth Annual Pebby Awards. The Pebby Award nominees were chosen for their outstanding accomplishments in 2019, as determined by the Company. The Academy’s nominations face stiff competition as the candidates are incredibly strong this year. Nevertheless, several hotels earned multiple nominations; Hotel Zelos San Francisco earned six while Argonaut Hotel, Harbor Court Hotel San Francisco, Hotel Chicago Downtown, Autograph Collection, Paradise Point Resort & Spa, The Nines, a Luxury Collection Hotel, P...
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