Welcome to our dedicated page for Pebblebrok Hotel news (Ticker: PEB), a resource for investors and traders seeking the latest updates and insights on Pebblebrok Hotel stock.
Pebblebrook Hotel Trust (NYSE: PEB) is a U.S. lodging real estate investment trust (REIT) that describes itself as the largest owner of urban and resort lifestyle hotels in the United States. The news flow around Pebblebrook frequently covers hotel operating performance, portfolio changes, capital markets activity, and dividend decisions, giving investors and observers insight into both the company and broader lodging trends.
Company news often highlights quarterly and annual results, including net income or loss, Same-Property RevPAR and Total RevPAR, hotel EBITDA, Adjusted EBITDAre, Adjusted FFO, and related outlook ranges. Pebblebrook regularly issues releases detailing its expectations for upcoming quarters and full-year performance, along with commentary on demand patterns across its urban and resort markets.
Another recurring theme in Pebblebrook’s news is portfolio recycling and capital allocation. Press releases describe hotel sales, such as the disposition of specific properties, and explain how sale proceeds are expected to be used for general corporate purposes, including reducing outstanding debt and preferred equity and repurchasing common or preferred shares. These announcements are often accompanied by updated outlooks and reconciliations of non-GAAP financial measures.
News items also address balance sheet and financing actions, including offerings of convertible senior notes, repurchases of existing notes, and related capped call transactions. In addition, the company reports on Board-authorized share repurchase programs and quarterly common and preferred dividend declarations.
For readers tracking PEB, this news stream provides ongoing detail on hotel-level performance, capital structure decisions, and REIT-specific measures that the company uses to evaluate its business. Regular updates on earnings, transactions, and dividends help contextualize the company’s strategy and operating environment over time.
Pebblebrook Hotel Trust (NYSE: PEB) announced a quarterly cash dividend of $0.01 per common share, payable on January 17, 2023, to shareholders on record as of December 30, 2022.
The Board declared quarterly cash dividends for preferred shares as follows: $0.39844 (Series E), $0.39375 (Series F), $0.39844 (Series G), and $0.35625 (Series H), all payable on January 17, 2023.
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Pebblebrook Hotel Trust (NYSE: PEB) reported Q3 financial highlights with a net income of $26.3 million, showing a remarkable recovery. Same-Property RevPAR surged by 45.9% versus 2021, and 1.3% compared to 2019. Total revenues reached $403.9 million, exceeding 2021 by 44.2% and 2019 by 2.5%. Despite Hurricane Ian causing an estimated $2 million revenue loss, urban markets saw strong demand, especially in cities like San Francisco and Chicago. The company completed sales of three properties for $183.9 million and refinanced $2 billion, enhancing liquidity. Adjusted FFO per diluted share rose to $0.66.
Pebblebrook Hotel Trust (NYSE: PEB) has released an update on its recent operating trends, confirming its position as the largest owner of urban and resort lifestyle hotels in the United States. The Company owns 51 hotels and resorts, totaling approximately 12,800 guest rooms across 15 markets. For detailed information on the current operating trends, stakeholders can access the updated presentation on its official website.
Pebblebrook Hotel Trust (NYSE: PEB) announced on October 13, 2022, the successful refinancing of $2.0 billion in credit facilities and term loans. The new structure includes a $650.0 million senior unsecured revolving credit facility and three term loans totaling $1.4 billion. This refinancing extends debt maturities, enhances balance sheet flexibility, and ensures no significant debt maturity until October 2024. Approximately 79% of PEB's debt is fixed at an average of 2.7%, indicating a stable interest expense moving forward.
Curator Hotel & Resort Collection announces the addition of three luxury hotels: Newport Harbor Island Resort in Rhode Island, The Source Hotel in Denver, and Hotel Per La in Los Angeles. These destinations aim to enhance the guest experience with diverse amenities, including luxury spa services and unique dining options. President Jennifer Barnwell emphasized the importance of expanding their collection in top travel markets.
Curator's mission is to elevate independent hotels through enhanced performance and flexibility while retaining their unique identities.
Pebblebrook Hotel Trust has partnered with Davidson Hospitality Group to manage the Newport Harbor Island Resort, formerly Gurney's Newport Resort & Marina. This ten-acre property features 257 guestrooms and extensive event space. Davidson will lead a comprehensive renovation and rebranding aimed at enhancing guest experiences. Pebblebrook emphasizes the importance of selecting an operator with expertise in repositioning resorts to increase cash flow and create value.
Pebblebrook Hotel Trust (NYSE: PEB) reported minimal financial impact from Hurricane Ian affecting its resorts. The LaPlaya Beach Resort & Club is closed for assessment since September 27, 2022, while the Inn on Fifth reopened on October 1, 2022, with minor damage. Five other properties in Florida and Georgia remain operational. The company expects insurance to cover repair costs and lost income. CEO Jon Bortz expressed gratitude for the team's efforts during the storm and noted that a complete assessment is pending as power is restored.
The Curator Hotel & Resort Collection highlights a recent Travel + Leisure survey indicating that 80% of travelers prefer domestic trips this year. With nearly 90 hotels across the U.S., Curator offers diverse opportunities for autumn experiences in top travel destinations like Honolulu, Maui, and Key West. Jennifer Barnwell, President of Curator, emphasizes the collection's ability to cater to various traveler preferences, from city escapes to relaxing beachfront getaways. The press release lists six Curator hotels perfect for fall adventures, showcasing their unique offerings and activities.
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