Articles from Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced the following tax treatment of the 2024 distributions to holders of the Company’s common and preferred shares.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company” or “Pebblebrook”) today announced its nominations for the Thirteenth Annual Pebby Awards. The Pebby Award nominees were chosen for their outstanding accomplishments in 2024, as determined by Pebblebrook’s selection committee.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that it will report its financial and operating results for the quarter ended December 31, 2024 on Wednesday, February 26, 2025, after the market closes. The Company will conduct its quarterly conference call on Thursday, February 27, 2025, at 9:00 AM ET.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.01 per common share of beneficial interest, to be paid on January 15, 2025, to shareholders of record as of December 31, 2024 (the “Record Date”).

Pebblebrook Hotel Trust (NYSEPEB):

Pebblebrook Hotel Trust (NYSEPEB) (the “Company” or “Pebblebrook”) today announced the successful extension of $787 million in debt maturities, significantly bolstering its financial flexibility and liquidity position.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company” or “Pebblebrook”) today provided an update regarding the impact of Hurricane Milton and other recent named storms on its properties, including the expected net financial impact. Except for LaPlaya Beach Resort & Club (“LaPlaya”), all of the Company’s southeast resorts are fully operational.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that its operating partnership, Pebblebrook Hotel, L.P. (the “Operating Partnership”), and a wholly owned subsidiary of the Operating Partnership, PEB Finance Corp. (together with the Operating Partnership, the “Issuers”), closed on the private placement (the “Private Placement”) of $400 million aggregate principal amount of their 6.375% Senior Notes due 2029 (the “Notes”). The Notes are senior unsecured obligations of the Issuers and are initially fully and unconditionally guaranteed by the Company and the Operating Partnership’s subsidiaries that guarantee the existing credit facilities of the Operating Partnership.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company” or “Pebblebrook”) today announced the release of its sixth annual Corporate Sustainability Report, highlighting the Company’s 2023 performance and efforts toward sustainable business practices and responsibility to employees and stakeholders.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that several of its resorts were impacted by Hurricane Helene and that repair and remediation costs net of insurance payments are expected not to be material.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that on September 23, 2024, its operating partnership, Pebblebrook Hotel, L.P. (the “Operating Partnership”) and a wholly owned subsidiary of the Operating Partnership, PEB Finance Corp. (together with the Operating Partnership, the “Issuers”), priced the private placement of $400 million aggregate principal amount of 6.375% senior notes due 2029 (the “Notes”). The Notes will be senior unsecured obligations of the Issuers and will initially be fully and unconditionally guaranteed by the Company and the Operating Partnership’s subsidiaries that guarantee the existing credit facilities of the Operating Partnership. Subject to customary closing conditions, the Issuers expect the private placement of the Notes to close on October 3, 2024. The Operating Partnership intends to use the net proceeds from the offering as follows: (i) with at least $253.0 million, to pay down in whole or in part one or more of the Operating Partnership’s unsecured term loans and (ii) with the balance, which may be up to $137.4 million, to pay down part of one or more of the Operating Partnership’s other unsecured term loans and/or repurchase a portion of the convertible senior notes of the Company.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that its operating partnership, Pebblebrook Hotel, L.P. (the “Operating Partnership”), and a wholly owned subsidiary of the Operating Partnership, PEB Finance Corp.(together with the Operating Partnership, the “Issuers”), intend to offer, in a private placement, subject to market conditions and other factors, $350 million aggregate principal amount of senior notes due 2029 (the “Notes”). The Notes will be senior unsecured obligations of the Issuers and will initially be fully and unconditionally guaranteed by the Company and the Operating Partnership’s subsidiaries that guarantee the existing credit facilities of the Operating Partnership. The Operating Partnership intends to use the net proceeds from the offering as follows: (i) with at least $253.0 million, to pay down in whole or in part one or more of the Operating Partnership’s unsecured term loans and (ii) with the balance, which may be up to $87.4 million, to pay down part of one or more of the Operating Partnership’s other unsecured term loans and/or repurchase a portion of the convertible senior notes of the Company.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today provided an update on recent operating trends.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.01 per common share of beneficial interest, to be paid on October 15, 2024 to shareholders of record as of September 30, 2024 (the “Record Date”).

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that it will report its financial and operating results for the quarter ended September 30, 2024 on Thursday, November 7, 2024, after the market closes. The Company will conduct its quarterly conference call on Friday, November 8, 2024, at 10:00 AM ET.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today provided an update on recent operating trends.

Pebblebrook Hotel Trust (NYSEPEB):

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that four of its high quality, upper-upscale and luxury hotels and resorts, were featured in Travel + Leisure’s 2024 World’s Best Awards, winning five awards in total.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today provided an update on recent operating trends.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.01 per common share of beneficial interest, to be paid on July 15, 2024 to shareholders of record as of June 28, 2024 (the “Record Date”).

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today provided an update on recent operating trends.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that it will report its financial and operating results for the quarter ended June 30, 2024 on Wednesday, July 24, 2024, after the market closes. The Company will conduct its quarterly conference call on Thursday, July 25, 2024, at 9:30 AM ET.

Pebblebrook Hotel Trust (NYSEPEB):

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today provided an update on recent operating trends.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that it will report its financial and operating results for the quarter ended March 31, 2024 on Tuesday, April 23, 2024, after the market closes. The Company will conduct its quarterly conference call on Wednesday, April 24, 2024, at 8:00 AM ET.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.01 per common share of beneficial interest, to be paid on April 15, 2024 to shareholders of record as of March 29, 2024 (the “Record Date”).

Pebblebrook Hotel Trust (NYSEPEB) (the “Company” or “Pebblebrook”) today announced the winners of its Twelfth Annual Pebby Awards. The Pebby Award winners were chosen for their outstanding accomplishments in 2023, as determined by Pebblebrook’s selection committee.

Pebblebrook Hotel Trust (NYSEPEB):

Pebblebrook Hotel Trust (NYSEPEB) (the “Company” or “Pebblebrook”) today announced that it published its fifth annual Environmental Sustainability and Social Responsibility Report covering the Company’s Environmental, Social, and Governance (“ESG”) performance in 2022 and its commitment to environmentally sustainable business practices and social responsibility to its employees and other stakeholders.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced the nominations for its Twelfth Annual Pebby Awards. The Pebby Award nominees were chosen for their outstanding accomplishments in 2023, as determined by Pebblebrook’s selection committee.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced the following tax treatment of the 2023 distributions to holders of the Company’s common and preferred shares.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today provided an update on recent operating trends.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company” or “Pebblebrook”) today announced the successful extension of approximately $357 million of its $460 million October 2024 maturity term loan to 2028. The Company paid down approximately $157.6 million of existing term loans and unsecured private placement notes. As a result of the refinancing, Pebblebrook has no meaningful debt maturities until October 2025. The Company utilized cash on its balance sheet for the debt paydowns, which was generated from over $330 million of property sales throughout 2023, all in accordance with its stated strategic capital allocation objectives.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) announced today that on December 21, 2023, it successfully completed the sale of the Marina City retail space and two parking facilities adjacent to its Hotel Chicago Downtown, Autograph Collection, for $30.0 million to a third party.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today provided an update on recent operating trends.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that it will report its financial and operating results for the quarter ended December 31, 2023 on Wednesday, February 21, 2024, after the market closes. The Company will conduct its quarterly conference call on Thursday, February 22, 2024, at 11:00 AM ET.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.01 per common share of beneficial interest, to be paid on January 16, 2024 to shareholders of record as of December 29, 2023 (the “Record Date”).

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today provided an update on recent operating trends.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) announced today that on November 14, 2023, it closed on the sale of the 221-room Hotel Zoe Fisherman’s Wharf in San Francisco, California for $68.5 million to a third party.

Pebblebrook Hotel Trust (NYSEPEB):

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) announced today that it executed a contract to sell the 221-room Hotel Zoe Fisherman’s Wharf in San Francisco, California for $68.5 million to a third party. The property sale is subject to normal closing conditions. The Company offers no assurances that the sale will be completed on these terms or at all. The sale is targeted to be completed later in the fourth quarter of 2023.

On October 3, 2023, luxury and lifestyle travel magazine Condé Nast Traveler announced its 2023 Readers’ Choice Awards, with 14 Pebblebrook Hotel Trust (NYSEPEB) properties recognized among the top hotels and resorts in the world.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today provided an update on recent operating trends.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.01 per common share of beneficial interest, to be paid on October 16, 2023 to shareholders of record as of September 29, 2023 (the “Record Date”).

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that on September 7, 2023, it successfully refinanced its mortgage loan on the 369-room Margaritaville Hollywood Beach Resort (“Margaritaville Hollywood”) in Hollywood, Florida.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that it will report its financial and operating results for the quarter ended September 30, 2023 on Thursday, October 26, 2023, after the market closes. The Company will conduct its quarterly conference call on Friday, October 27, 2023, at 9:00 AM ET.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today provided an update on recent operating trends.

“Adjusted EBITDAre and Adjusted FFO exceeded our Outlook in the second quarter. The sustained recovery in demand within our urban markets was predominantly driven by recovering business travel, both group and transient, along with recovering leisure travelers returning to the cities for concerts, events and other activities. This largely offset moderating leisure room rates and premium room and suite purchases by the leisure customer at our resorts. In addition, displaced business from our repositioning projects during the quarter reduced hotel EBITDA by $6.5 million, or $1.0 million more than expected.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today provided an update on recent operating trends.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.01 per common share of beneficial interest, to be paid on July 17, 2023 to shareholders of record as of June 30, 2023 (the “Record Date”).

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that it will report its financial and operating results for the quarter ended June 30, 2023 on Thursday, July 27, 2023, after the market closes. The Company will conduct its quarterly conference call on Friday, July 28, 2023, at 9:00 AM ET.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) announced that on May 24, 2023, it closed on the sale of the 125-room Hotel Vintage Seattle in Seattle, WA for $33.7 million to a third party.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today provided an update on recent operating trends.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) announced that on May 9, 2023, it closed on the sale of the 189-room Hotel Monaco Seattle in Seattle, WA for $63.3 million to a third party.

Pebblebrook Hotel Trust (NYSEPEB):

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that it will report its financial and operating results for the quarter ended March 31, 2023 on Wednesday, April 26, 2023, after the market closes. The Company will conduct its quarterly conference call on Thursday, April 27, 2023, at 10:00 AM ET.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that on March 28, 2023, it closed on the sale of the 157-room Hotel Colonnade Coral Gables, Autograph Collection in Coral Gables, FL for $63.0 million to a third party.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today provided an update on recent operating trends.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that it closed on the sale of 909 North Michigan Avenue, a 5,860 square-foot 3-tenant fully occupied high-street retail parcel, adjacent to the Company’s Westin Michigan Avenue Chicago for $27.3 million to a third party.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.01 per common share of beneficial interest, to be paid on April 17, 2023 to shareholders of record as of March 31, 2023 (the “Record Date”).

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced the winners of its Eleventh Annual Pebby Awards. The Pebby Award winners were chosen for their outstanding accomplishments in 2022, as determined by the Company.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that on February 22, 2023, it closed on the sale of the 151-room The Heathman Hotel in Portland, OR for $45.0 million to a third party.

Pebblebrook Hotel Trust (NYSEPEB):

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced the nominations for its Eleventh Annual Pebby Awards. The Pebby Award nominees were chosen for their outstanding accomplishments in 2022, as determined by the Company.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced the following tax treatment of the 2022 distributions to holders of the Company’s common and preferred shares.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today provided an update on recent operating trends and information.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that it will report its financial and operating results for the quarter ended December 31, 2022 on Tuesday, February 21, 2023, after the market closes. The Company will conduct its quarterly conference call on Wednesday, February 22, 2023, at 9:00 AM ET.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today provided an update on recent operating trends.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.01 per common share of beneficial interest, to be paid on January 17, 2023 to shareholders of record as of December 30, 2022 (the “Record Date”).

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today provided an update on recent operating trends.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that it published its fourth annual Environmental Sustainability and Social Responsibility Report covering the Company’s Environmental, Social, and Governance (“ESG”) performance in 2021 and its commitment to environmentally sustainable business practices and social responsibility to its employees and other stakeholders.

Pebblebrook Hotel Trust (NYSEPEB):

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today provided an update on recent operating trends.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that on October 13, 2022, it successfully refinanced $2.0 billion of credit facilities and term loans, resulting in a $650.0 million senior unsecured revolving credit facility (“Credit Facility”) and three term loans totaling $1.4 billion.

Pebblebrook Hotel Trust (NYSEPEB) (the “Company”) today announced that several of the Company’s resorts were impacted by Hurricane Ian. However, the Company does not expect the costs to repair and remediate damage from the storm to be material.