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Pebblebrook Hotel Trust - PEB STOCK NEWS

Welcome to our dedicated page for Pebblebrook Hotel Trust news (Ticker: PEB), a resource for investors and traders seeking the latest updates and insights on Pebblebrook Hotel Trust stock.

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (REIT) specializing in the strategic acquisition and investment in upper-upscale, full-service hotels in prominent urban centers and gateway cities across the United States. Established to capitalize on prime hotel properties, Pebblebrook's portfolio comprises 46 hotels totaling approximately 11,924 guest rooms. The company emphasizes properties in major markets such as San Francisco, Los Angeles, Boston, New York, Miami, and Washington, DC, among others.

Pebblebrook Hotel Trust's properties are diverse, including both independent and branded luxury hotels managed under reputable names like Marriott, Starwood, InterContinental, Hilton, and Hyatt. This strategic diversification ensures a robust market presence and caters to a wide range of high-end travelers.

In December 2018, Pebblebrook notably acquired LaSalle Hotel Properties, which added 41 hotels with 10,451 rooms to its portfolio. Since then, the company has been active in refining and optimizing its portfolio through selective sales and acquisitions, focusing on enhancing the overall quality and performance of its investments.

The company recently unveiled a significant $25 million renovation at the Jekyll Island Club Resort and the Jekyll Ocean Club. This transformation highlights Pebblebrook's commitment to preserving historic assets while modernizing guest experiences. These efforts include updates to guest rooms, public spaces, and dining areas, all designed to maintain the resort's historical integrity and natural charm.

Pebblebrook Hotel Trust's strategic initiatives also extend to partnerships and collaborations aimed at boosting its market position and delivering superior guest experiences. Their focus on high-demand urban and resort markets ensures sustained growth and resilience against market fluctuations.

Financially, Pebblebrook continues to demonstrate robust performance, underpinned by strong revenue streams from its premium hotel properties. Their approach to maintaining a diverse yet coherent portfolio positions them well within the competitive landscape of luxury hospitality.

For more information about Pebblebrook Hotel Trust, including the latest updates and developments, visit their official website at www.pebblebrookhotels.com.

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Pebblebrook Hotel Trust (NYSE: PEB) announced that four of its high-quality hotels and resorts have been recognized in Travel + Leisure's 2024 World's Best Awards, winning a total of five awards. The honored properties include:

1. Hotel Zephyr Fisherman's Wharf - #1 in San Francisco
2. Viceroy Santa Monica Hotel - #6 in Los Angeles
3. Viceroy Washington DC - #15 in Continental U.S. and #2 in Washington DC
4. Hotel Zena Washington DC - #5 in Washington DC

CEO Jon E. Bortz expressed pride in the recognition, highlighting the success of recent renovations and redevelopments in elevating the portfolio and enhancing offerings for both business and leisure travelers.

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Pebblebrook Hotel Trust (NYSE: PEB) recently provided an update on its operating trends. The Company, a leading REIT and the largest owner of urban and resort lifestyle hotels in the U.S., has detailed these trends in a presentation available on their website. Pebblebrook owns 46 hotels and resorts, representing approximately 12,000 guest rooms across 13 markets. Investors and stakeholders can find more information and view presentations by visiting their investor relations page or contacting Raymond D. Martz, Co-President and CFO.

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Pebblebrook Hotel Trust (NYSE: PEB) has announced a quarterly cash dividend of $0.01 per common share, payable on July 15, 2024, to shareholders of record as of June 28, 2024. Additionally, the company declared regular quarterly cash dividends on its preferred shares: $0.39844 for Series E, $0.39375 for Series F, $0.39844 for Series G, and $0.35625 for Series H, all payable on the same date. Pebblebrook owns 46 hotels with approximately 12,000 rooms across 13 markets in the U.S.

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Pebblebrook Hotel Trust (NYSE: PEB) provided an update on operating trends. The company, a leading REIT, owns 46 hotels and resorts in the U.S., totaling around 12,000 rooms. Pebblebrook's properties span 13 urban and resort markets. For more details, visit their investor presentations page or contact Co-President and CFO Raymond D. Martz.

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Pebblebrook Hotel Trust (NYSE: PEB) announced it will release financial and operating results for Q2 2024 on July 24, 2024, after market close. The company will hold a conference call on July 25, 2024, at 9:30 AM ET to discuss the results. To join the call, dial (877) 407-3982 at 9:20 AM ET and provide your full name and company affiliation. A live webcast will be available on the company's website, with a replay accessible in the Investor Relations section.

Pebblebrook Hotel Trust is a REIT owning 46 urban and resort lifestyle hotels across 13 markets in the U.S., totaling approximately 12,000 guest rooms.

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National Storage Affiliates Trust (NYSE: NSA) announced that Michael Schall has been elected to the Board of Trustees, effective May 13, 2024. Schall, with extensive experience in executive leadership and REITs, will join the Audit and Finance Committees. He previously served as President and CEO of Essex Property Trust and currently sits on the Board of Trustees for Pebblebrook Hotel Trust. The announcement emphasized shareholders' strong support for Schall's appointment, expected to enhance NSA's strategic initiatives. NSA will participate in the Nareit REITweek: 2024 Investor Conference from June 4-6, 2024.

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Pebblebrook Hotel Trust (PEB) reports Q1 2024 results with a net loss of ($27.5) million. Same-Property RevPAR increased by 1.7%, Urban RevPAR improved by 4.9%, and Resort RevPAR declined by 4.4%. Same-Property EBITDA was $59.8 million, Adjusted EBITDAre was $60.8 million, and Adjusted FFO per diluted share was $0.21. Business and leisure demands showed recovery trends. Portfolio updates include successful redevelopments of key properties. Q2 2024 outlook projects positive net income, RevPAR growth, and financial measures.
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Pebblebrook Hotel Trust (PEB) offers an update on recent operating trends, providing detailed information on its website. The company aims to keep investors informed about its current performance.
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Jekyll Island Club Resort and Jekyll Ocean Club undergo a $25 million transformation, honoring the island's history and opulence of the early 20th century. The renovation includes guest room configurations, pool areas, dining spaces, and outdoor verandahs. The resort maintains its authenticity and architectural integrity, reflecting the rich tapestry of Jekyll Island's flora and fauna. Future enhancements include meeting spaces, restaurants, and a new oceanfront sky terrace.
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Pebblebrook Hotel Trust (NYSE: PEB) will report its financial and operating results for the quarter ended March 31, 2024, on April 23, 2024, after the market closes. The quarterly conference call will be held on April 24, 2024, at 8:00 AM ET. Participants can join the call by dialing (877) 407-3982 and accessing the live webcast on the Company's website.
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FAQ

What is Pebblebrook Hotel Trust?

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (REIT) focusing on upper-upscale, full-service hotels in major urban and gateway cities across the U.S.

How many hotels does Pebblebrook own?

Pebblebrook Hotel Trust owns 46 hotels with a total of approximately 11,924 guest rooms.

Which hotel brands are included in Pebblebrook's portfolio?

Pebblebrook's portfolio includes independent hotels as well as properties managed under brands like Marriott, Starwood, InterContinental, Hilton, and Hyatt.

What was the significance of the LaSalle Hotel Properties acquisition?

The acquisition of LaSalle Hotel Properties in December 2018 added 41 hotels with 10,451 rooms to Pebblebrook's portfolio, significantly expanding its presence in the upscale hospitality market.

What are some recent projects by Pebblebrook Hotel Trust?

Pebblebrook recently completed a $25 million renovation at the Jekyll Island Club Resort and Jekyll Ocean Club, showcasing their commitment to modernizing and preserving historic hotel properties.

Where are Pebblebrook's hotels located?

Pebblebrook's hotels are located in key urban markets including San Francisco, Los Angeles, Boston, New York, Miami, and Washington, DC, among others.

What is the business strategy of Pebblebrook Hotel Trust?

Pebblebrook's strategy focuses on acquiring and investing in high-quality, full-service hotels in prime urban and gateway markets, optimizing their portfolio through selective acquisitions and sales.

How does Pebblebrook maintain its market position?

Pebblebrook maintains its market position through strategic diversification, partnerships, and continuous improvement of its hotel properties to enhance guest experiences and financial performance.

What are the financial highlights of Pebblebrook?

Pebblebrook demonstrates strong financial performance with robust revenue streams from its high-end hotel properties, supported by strategic acquisitions and property optimization.

Where can I find more information about Pebblebrook Hotel Trust?

More information about Pebblebrook Hotel Trust can be found on their official website at www.pebblebrookhotels.com.

Pebblebrook Hotel Trust

NYSE:PEB

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1.71B
120.50M
1.81%
124.25%
15.23%
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