pebblebrook hotel trust
Pebblebrook Hotel Trust Acquires Inn on Fifth in Naples, Florida for $156M
Pebblebrook Hotel Trust | May 12, 2022
BETHESDA, Md.-- Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it acquired the AAA Four Diamond 119-room Inn on Fifth in Naples, Florida for $156.0 million on May 11, 2022. As previously announced, the Company retained Noble House Hotels & Resorts (“Noble House”) to manage this unique independent luxury resort property at the center of Downtown Naples. The acquisition of Inn on Fifth brings the total number of properties in the Company’s portfolio to 54, including 12 unique drive-to, independent lifestyle resorts and 6 properties in South Florida. The Company funded the acquisition with approximat...
Pebblebrook Hotel Trust Executes Contract to Acquire Inn on Fifth in Naples, Forida for $156M
Pebblebrook Hotel Trust | April 25, 2022
BETHESDA, Md.--Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it executed a contract to acquire the AAA Four Diamond 119-room Inn on Fifth in Naples, Florida for $156.0 million. Upon completion of the acquisition, Pebblebrook will retain Noble House Hotels & Resorts (“Noble House”) to manage this unique independent luxury resort property at the center of Historic Downtown Naples. The purchase is expected to be completed by the end of the second quarter 2022 and is subject to customary closing conditions. The Company offers no assurances that this acquisition will be completed on these terms or at all. ...
Pebblebrook Opens Hotel Ziggy in the Heart of LA’s Sunset Strip
Dawson Design Associates, Inc. | March 30, 2022
West Hollywood, CA - March 30, 2022 - In a destination where luxury, glamour and celebrity reign, a rebellious new neighbor has taken up residence in the heart of the Sunset Strip. The new Hotel Ziggy embraces differences and challenges conformity as a place that encourages guests and locals to come hang out and "just be who you are." The unpretentious design influenced by grit and rock 'n' roll features a modern counter-culture spin. Located next to Mondrian Los Angeles, Hotel Ziggy is the last standing rebel on the block. Fusing cocktail lounge, pizza joint, music venue and lobby, Hotel Ziggy invites hotel guests to check in at a soc...
Pebblebrook Hotel Trust Announces the 10th Annual Pebby Award Winners
Pebblebrook Hotel Trust | March 28, 2022
HOLLYWOOD, CA - March 28, 2022 - Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced the winners of its Tenth Annual Pebby Awards. The Pebby Award winners were chosen for their outstanding accomplishments in 2021, as determined by the Company. “Despite all the challenges associated with the COVID-19 pandemic, our hotel managers excelled in 2021,” said Jon E. Bortz, Chairman, President and Chief Executive Officer of Pebblebrook Hotel Trust. “Today, a decade after our inaugural Pebby Awards, we continue to recognize and celebrate our property teams, operating companies and asset managers who define success ...
Pebblebrook Hotel Trust Reports 2021 Results
Pebblebrook Hotel Trust | February 23, 2022
HOTEL OPERATING TRENDS Performance improved throughout the year; December 2021 was the strongest month versus 2019 based on RevPAR, Total Revenue, and Hotel EBITDA, led by robust demand at the Company’s resorts and a continuing gradual recovery in business travel Leisure demand remains extremely healthy, with rate premiums expected to continue throughout 2022 Most of the 2022 business groups that canceled in January and February are rebooking in March through June at higher overall average rates Business travel demand is already improving in March and is expected to continue to accelerate its recovery into Q2 Labor shortage...
Pebblebrook Hotel Trust Announces the 10th Annual Pebby Award Nominations
Pebblebrook Hotel Trust | February 9, 2022
HOLLYWOOD, CA - February 9, 2022 - Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced the nominations for its Tenth Annual Pebby Awards. The Pebby Award nominees were chosen for their outstanding accomplishments in 2021, as determined by the Company. This year’s nominees feature veterans at the top of their game and newcomers who are about to catch their big break. Many properties earned several nominations: LaPlaya Beach Resort & Club leads the field with eight while Argonaut Hotel and L’Auberge Del Mar are close behind with six and five, respectively. With such critically acclaimed nominees, this is one of t...
The Nines, A Luxury Collection Hotel Welcomes Dragan Andrejic as General Manager
Pebblebrook Hotel Trust | February 1, 2022
Portland, OR – February 1, 2022 – The Nines, A Luxury Collection, Portland, is pleased to announce Dragan Andrejic as the hotel’s new general manager. In this position, Andrejic is responsible for all aspects of the hotel’s day-to-day operations, long-term success of the hotel in the Portland community and ensuring a superior guest experience. “I am beyond thrilled to welcome a dynamic leader like Dragan to the team at The Nines,” said Dani Stern, vice president of the Premier Collection – West for Sage Hotel Management, a Sage Hospitality Group company, which operates the hotel. “Dragan brings the expertise and dr...
Curator Hotel & Resort Collection Welcomes Six New Members
Curator Hotel & Resort Collection | January 31, 2022
BETHESDA, MD – January 31, 2022 – Curator Hotel & Resort Collection ("Curator") is kicking off the New Year by welcoming six new members to its growing portfolio of independent hotels and resorts. Spanning California, Vermont, Colorado, and Hawaii, these destinations offer unique experiences with nature as a backdrop, allowing guests to align mind, body, and spirit. "We are thrilled to jumpstart the New Year by welcoming these members to our growing portfolio of more than 85 hotels and resorts," said Jennifer Barnwell, President of Curator Hotel & Resort Collection. "The addition of these hotels, along with our first...
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