Pebblebrok Hotel Stock Price, News & Analysis

Pebblebrook Hotel Trust (NYSE: PEB) has provided an update on its recent operating trends, highlighting its position as the largest owner of urban and resort lifestyle hotels in the U.S. The REIT owns 53 hotels with approximately 13,200 guest rooms across 15 markets. For further details on these operating trends, stakeholders can refer to the updated presentation available on their website.

Curator Hotel & Resort Collection has announced partnerships with Aireus and Silverware to provide member hotels with top-tier point-of-sale (POS) technology. This collaboration will enhance dining experiences for guests with modern, efficient, and contactless solutions. As demand for food and beverage services increases, these technologies are aimed at improving operational efficiency and guest satisfaction. Curator's VP, Austin Segal, emphasized that these innovations will support restaurants in adapting to changing consumer expectations while boosting profitability.

Pebblebrook Hotel Trust (NYSE: PEB) has declared a quarterly cash dividend of $0.01 per common share, payable on January 18, 2022, to shareholders of record as of December 31, 2021. Additionally, the Company announced cash dividends for its preferred shares, including $0.39844 for Series E, $0.39375 for Series F, $0.39844 for Series G, and $0.35625 for Series H, all to be paid on the same date. These dividends support the Company's continued financial commitment to its shareholders.

Pebblebrook Hotel Trust (NYSE: PEB) announced the successful extension of over $1.0 billion in current debt maturities, enhancing its financial flexibility. Key changes include extending $611.0 million of its $650.0 million revolving credit facility to March 2024 and waiving financial covenants until mid-2022. The company has also increased its acquisition capacity to $1.0 billion from $500.0 million. These adjustments are aimed at improving liquidity and seizing investment opportunities as the hotel industry recovers.

Pebblebrook Hotel Trust (NYSE: PEB) has acquired the AAA Four Diamond Estancia La Jolla Hotel & Spa in La Jolla, California, for $108 million. This acquisition adds to Pebblebrook's portfolio, now totaling 53 properties, including 11 independent lifestyle resorts. The hotel is expected to produce estimated hotel EBITDA of $4.6 million to $4.7 million for 2021. The funding included $46 million in cash and $62 million of existing debt, maturing in September 2028.

Pebblebrook Hotel Trust (NYSE:PEB) has announced the addition of eight new lifestyle hotels and resorts to the Curator Hotel & Resort Collection, managed by Davidson Hospitality Group. These properties, located in prime leisure destinations such as Charleston, Mackinac Island, Newport RI, and Islamorada FL, will benefit from enhanced operating agreements and support from the Curator platform. The partnership aims to increase profitability and performance, leveraging unique local experiences to attract lifestyle guests.

Pebblebrook Hotel Trust (NYSE: PEB) has provided an update on its recent operating trends, highlighting its position as the largest owner of urban and resort lifestyle hotels in the U.S. The company owns 52 hotels with approximately 13,000 guest rooms across 15 markets. Investors can find more detailed information through the updated presentation available on their investor relations website.