pebblebrook

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pebblebrook

Pebblebrook Hotel Trust Completes Sale of the Liaison Capitol Hill

Pebblebrook Hotel Trust | February 15, 2019

BETHESDA, Md.--February 15, 2019--Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today announced that it has closed on the sale of the 343-room, Liaison Capitol Hill in Washington, D.C. for $111.0 million. The sale price of $111.0 million reflects a 16.9x EBITDA multiple and a 4.9% net operating income capitalization rate (after an assumed annual capital reserve of 4.0% of total hotel revenues) based on the trailing twelve-month operating performance for the period ended December 31, 2018. Proceeds from the sale of the Liaison Capitol Hill will be utilized for general business purposes which may include reducing the Company's outst...

Pebblebrook Hotel Trust Reveals the 7th Annual Pebby Award Nominations

Pebblebrook Hotel Trust | January 22, 2019

HOLLYWOOD, Calif.--January 22, 2019-- Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today announced the nominations for its Seventh Annual Pebby Awards. The Pebby Award nominees were chosen for their outstanding accomplishments in 2018, as determined by the Company. The Academy's nominations are notably diverse and naturally more competitive given the large increase in candidates. Nonetheless, several hotels earned multiple nominations; Hotel Zeppelin San Francisco and Hotel Zelos San Francisco both earned six nominations, Hotel Zetta San Francisco earned five, and Union Station Hotel Nashville, Autograph Collection and LaPlaya Na...

LaSalle Hotel Properties Board of Trustees Confirms Unanimous Rejection of Unsolicited Proposal from Pebblebrook Hotel Trust

LaSalle Hotel Properties | March 28, 2018

Grossly Inadequate Proposal Significantly Undervalues LaSalle and is Not in the Best Interests of Shareholders LaSalle Reiterates Confidence in its Ability to Deliver Exceptional Value to Shareholders Emphasizes Commitment to Previously Announced Share Repurchase Program Announces Dividend Policy for 2018 BETHESDA, Md. - March 28, 2018 - LaSalle Hotel Properties (NYSE: LHO) ("LaSalle" or the "Company") today confirmed that its Board of Trustees (the "Board") unanimously rejected an unsolicited proposal received on March 6, 2018 from Pebblebrook Hotel Trust (NYSE: PEB) ("Pebblebrook") to acquire all outstanding shares of LaSalle in...

Pebblebrook Hotel Trust Releases Letters to LaSalle Hotel Properties Proposing Merger

Pebblebrook Hotel Trust | March 28, 2018

BETHESDA, Md. - March 28, 2018 - Pebblebrook Hotel Trust (NYSE: PEB) ("Pebblebrook") today released two letters, dated March 6, 2018 and March 20, 2018, to LaSalle Hotel Properties (NYSE: LHO) ("LaSalle") in which Pebblebrook proposed a share-for-share merger. The proposal represented an implied merger price of $30.001 per LaSalle common share, representing a premium of 18.0% to LaSalle's trailing 10-day VWAP as of March 5, 2018, based on the proposed fixed exchange ratio of 0.8655 Pebblebrook common shares for each LaSalle common share. As of the close on March 27, 2018, the implied merger price was $29.952 per LaSalle common share...

Pebblebrook Hotel Trust Introduces 6th Annual Pebby Award Winners

Pebblebrook Hotel Trust | March 5, 2018

HOLLYWOOD, Calif.--Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today announced the winners of its sixth annual Pebby Awards. The Pebby Award winners were chosen for their outstanding accomplishments in 2017, as determined by the Company. "Our Pebby awards seek to honor the tremendous achievement and extraordinary leadership by our hotel management teams in 2017," noted Jon Bortz, Chairman, President and Chief Executive Officer of Pebblebrook Hotel Trust. "Although many of our properties turned in exceptional performances this year, these award winners stood a head above the rest in accomplishing the sustained operational excelle...

Pebblebrook Hotel Trust and Noble House Complete $6 Million Renovation of LaPlaya Beach & Golf Resort

LaPlaya Beach & Golf Resort | December 8, 2016

NAPLES, Fla. (December 8, 2016) – LaPlaya Beach & Golf Resort, a Noble House Resort located on the idyllic Naples beachfront, is pleased to announce the completion of a $6 million renovation, which includes luxurious new Beach House guest rooms, property-wide beautification updates, new sustainability initiatives, and the introduction of a gourmet coffee bar. Located on a stunning, private six-acre white sand beach alongside the Gulf of Mexico, LaPlaya Beach & Golf Resort offers a quintessential Naples experience with an award-winning beachside restaurant, luxurious spa, exclusive golf club, and stunning waterfront views f...

Pebblebrook Hotel Trust Enters Agreement to Sell the Manhattan NYC in New York, New York for $217.5 Million

Pebblebrook Hotel Trust | November 7, 2016

BETHESDA, Md.--November 7, 2016-- Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today announced that it has executed a purchase and sale agreement to sell the 618-room, upper upscale, full-service Manhattan NYC in New York, New York for $217.5 million to a third party. The sale of the Manhattan NYC is subject to normal closing conditions, and the Company offers no assurances that this sale will be completed. The Company is targeting to complete the sale in the next 90 days. Proceeds from the sale of Manhattan NYC will be utilized for general business purposes which may include reducing the Company's outstanding debt or repurchasin...


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