Pebblebrok Hotel Stock Price, News & Analysis

Pebblebrook Hotel Trust (NYSE: PEB) has successfully closed the sale of The Marker San Francisco for $77.0 million. The hotel reported a net operating loss of $2.0 million for the year ending May 2022 and an EBITDA loss of $1.8 million. The sales price reflects a 10.0x EBITDA multiple based on 2019 performance, with an 8.8% cap rate. The proceeds will be utilized for general corporate purposes and to reduce outstanding debt linked to recent acquisitions, aligning with the Company’s investment strategy.

Pebblebrook Hotel Trust (NYSE: PEB) announced the acquisition of the AAA Four Diamond Gurney’s Newport Resort & Marina in Rhode Island for $174 million on June 23, 2022. This 257-room resort features extensive amenities, including event space, dining options, and a marina, positioned on Goat Island with scenic water views. The acquisition expands Pebblebrook's portfolio to 55 properties. The company aims to enhance the guest experience and improve cash flow through property renovations and operational upgrades, leveraging the resort's prime location in a high-demand market.

Pebblebrook Hotel Trust (NYSE: PEB) has provided an update on its recent operating trends, highlighting its significant portfolio of urban and resort lifestyle hotels. The company owns 54 hotels with approximately 13,400 guest rooms across 15 markets in the United States. For detailed insights on the current trends, stakeholders can visit the updated presentation on the company's website. This announcement is pivotal for investors tracking the company's performance in the hospitality sector.

Pebblebrook Hotel Trust (NYSE: PEB) will report its financial and operating results for Q2 2022 on July 26, 2022, post-market. A conference call is scheduled for July 27, 2022, at 9:30 AM ET. Investors can participate by calling in or accessing a live webcast via the company's website. Pebblebrook is a leading REIT, owning 54 hotels with approximately 13,400 guest rooms across 15 U.S. urban and resort markets, focusing on lifestyle hotels.

Pebblebrook Hotel Trust (NYSE: PEB) has declared a quarterly cash dividend of $0.01 per common share, payable on July 15, 2022, to shareholders of record as of June 30, 2022. Additionally, preferred shares will receive the following dividends: $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. The Company is the largest owner of urban and resort lifestyle hotels in the U.S., owning 54 properties with approximately 13,400 guest rooms.

Pebblebrook Hotel Trust (NYSE: PEB) is set to reconvene its Annual Meeting of Shareholders on June 21, 2022, at 9:00 a.m. ET. The primary agenda is to conduct a vote on Proposal 3, concerning the compensation of named executive officers. The meeting was initially convened on May 16, 2022, where other proposals were approved. Management aims to engage larger shareholders regarding Proposal 3 prior to the vote. Shareholders can vote in person or via proxy until June 20, 2022.

Optii Solutions has announced that Chamberlain West Hollywood and Hotel Ziggy, both part of Pebblebrook Hotel Trust (NYSE:PEB), will implement its hotel operations software to enhance housekeeping efficiency and ensure compliance with the West Hollywood Ordinance, effective January 1, 2022. The ordinance limits the workload of room attendants, significantly impacting hotel operating costs. Optii's AI-driven platform streamlines housekeeping operations and helps prevent exceeding the ordinance's limits, thus avoiding potential penalties.

1 Hotels has announced the opening of 1 Hotel San Francisco, its seventh location worldwide and second in California. Located on the Embarcadero, this eco-friendly hotel features 186 guest rooms, emphasizing sustainable design and luxury. Developed in partnership with Pebblebrook Hotel Trust (PEB), the hotel offers modern amenities alongside a wellness spa and various event spaces. The property's commitment to sustainability includes locally sourced ingredients for its café and a vision of holistic wellness for guests and the community.

Curator Hotel & Resort Collection has announced the addition of four new member hotels: The Fontaine in Kansas City, Inn on Fifth in Naples, Lorien Hotel & Spa in Alexandria, and Newpark Resort in Park City. These additions increase Curator's portfolio to 91 independent hotels. The collection aims to enhance the guest experience through innovative solutions and cost-saving programs, allowing member hotels to focus on unique offerings. According to President Jennifer Barnwell, the goal is to continually enhance value for members.