pebblebrook hotel trust
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 Union Station Hotel Nashville, Autograph Collection
Pebblebrook Hotel Trust | July 30, 2020
BETHESDA, Md. - Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it closed on the sale of the 125-room Union Station Hotel Nashville, Autograph Collection in Nashville, TN for $56.0 million to a third party on July 29, 2020. Proceeds from the sale of Union Station Hotel Nashville, Autograph Collection will be utilized for general business purposes which may include reducing the Company’s outstanding debt....
LaPlaya Beach & Golf Resort Appoints Tim Herman as New General Manager
LaPlaya Beach & Golf Resort | June 2, 2020
NAPLES, Fla. (June 2, 2020) - LaPlaya Beach & Golf Resort, a Noble House Resort, located in Naples along Florida’s pristine Gulf Coast on a stunning, private, six-acre white sand beach proudly announces the appointment of Tim Herman as General Manager. In his new role, Tim will be responsible for managing the hotel’s day-to-day success, overseeing all operational aspects of the 189-room property and private club, including everything from sales and marketing, to food and beverage, while maximizing company revenue. “Tim is a highly dedicated professional and we are thrilled to have him join the Noble House Hotels & Resorts fam...
Pebblebrook Hotel Trust Executes Contract to Sell Union Station Hotel Nashville, Autograph Collection
Pebblebrook Hotel Trust | May 27, 2020
BETHESDA, Md.-- Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it executed a contract to sell the 125-room Union Station Hotel Nashville, Autograph Collection in Nashville, TN for $56.0 million to a third party. The sale of Union Station Hotel Nashville, Autograph Collection is subject to normal closing conditions, and the Company offers no assurances that this sale will be completed on these terms, or at all. The Company is targeting to complete the sale in the third quarter of 2020. This press release contains certain “forward-looking statements” made pursuant to the safe harbor provisions of the Priv...
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...
1
Industry Happenings
2
All Things Independent
3
Market Reports
4
Technology
5
Operations
Today's News
Q2 2020 Major US Hotel Sales Survey
Tourism Tidbits: Travel Rage in a Time of Pandemics
Hospitality Financial Leadership: 7 Daily Revenue Audit Must Dos
Hotel Development: Are Better Feasibility Studies Actually Feasible?
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.