Pebblebrok Hotel Stock Price, News & Analysis

Pebblebrook Hotel Trust (NYSE: PEB) has successfully closed the sale of the 189-room Villa Florence San Francisco for $87.5 million. This sale represents a notable 12.4x EBITDA multiple and a 7.2% net operating income capitalization rate. Proceeds from this transaction will be allocated for general corporate purposes and to acquire additional hotel properties, aligning with the company's investment strategy. Pebblebrook is the largest owner of urban and resort lifestyle hotels in the U.S., operating 51 hotels with approximately 12,600 guest rooms across 14 markets.

Curator Hotel & Resort Collection has partnered with Burton Energy Group and SOL VISTA to enhance energy management solutions for its independent hotel members. This strategic collaboration aims to improve energy conservation, reduce operational costs, and promote sustainability. Austin Segal, VP of Curator, emphasizes the growing importance of energy efficiency in attracting guests. The initiative is expected to optimize performance and expenses, benefiting the overall value of member hotels. These partnerships reflect Curator's commitment to sustainability and operational excellence.

Pebblebrook Hotel Trust (NYSE: PEB) has announced updates regarding its recent operating trends. The company is a leading publicly traded REIT, owning 52 hotels with around 12,800 guest rooms across 14 urban and resort markets in the U.S., particularly focusing on West Coast gateway cities. For more insights, visit their investor presentations online.

Pebblebrook Hotel Trust (NYSE: PEB) reported a significant recovery in Q2 2021, achieving Same-Property Hotel EBITDA of $28.3 million, driven by strong leisure demand and increasing business transient travel. The Company’s Same-Property RevPAR rose by 111% sequentially. Key acquisitions include the Jekyll Island Club Resort and the anticipated Margaritaville Hollywood Beach Resort. Total liquidity reached $967.2 million as of June 30, 2021. Although outlook for 2021 remains uncertain due to COVID-19, Q3 revenues are expected to improve compared to earlier quarters.

Pebblebrook Hotel Trust (NYSE: PEB) has successfully completed its public offering of 10 million 5.700% Series H Cumulative Redeemable Preferred Shares at $25.00 each, raising gross proceeds of $250 million. The proceeds will be utilized to redeem the Company’s existing 6.50% Series C and 6.375% Series D Preferred Shares. The offering was managed by Wells Fargo Securities, Raymond James, and BofA Securities, among others. Pebblebrook owns 52 hotels across 14 markets, focusing on urban and resort lifestyle properties in the U.S.

Pebblebrook Hotel Trust (NYSE: PEB) announced a rescheduling of its quarterly conference call to Friday, July 30, 2021, at 9:00 AM ET, due to a conflict with another hospitality company’s call. The financial results for Q2 2021 will be reported on Thursday, July 29, 2021, after market close. Participants can join the call by dialing (877) 705-6003 or via a live webcast on the company’s website. Pebblebrook Hotel Trust is the largest owner of urban and resort lifestyle hotels in the U.S., with 52 hotels and approximately 12,800 guest rooms across 14 markets.

Pebblebrook Hotel Trust (NYSE: PEB) announced the redemption of all 5,000,000 Series C Cumulative Redeemable Preferred Shares, contingent on completing its offering of 5.700% Series H Cumulative Redeemable Preferred Shares. Each Series C share will be redeemed for $25.00 plus accrued dividends, effective August 22, 2021. Dividends on Series C shares will cease upon redemption, and payment will occur only upon surrender of the shares to Equiniti Trust Company. The notice and related materials were mailed to Series C shareholders.

Pebblebrook Hotel Trust (NYSE: PEB) announced the redemption of 5,000,000 Series D Cumulative Redeemable Preferred Shares, pending completion of its Series H Offering. The redemption amount is set at $25.00 per share, plus accrued dividends, ceasing on the Redemption Date of August 21, 2021. Holders must surrender their shares to Equiniti Trust Company for payment. The company owns 52 hotels with approximately 12,800 guest rooms across the U.S., predominantly in major urban and resort markets.

Pebblebrook Hotel Trust (NYSE: PEB) has acquired the historic Jekyll Island Club Resort for $94.0 million. This 200-room resort, significant for its late 19th-century architectural charm, is located within the Jekyll Island National Landmark Historic District. Managed by Noble House Hotels & Resorts, the resort offers over 14,000 square feet of meeting space and several dining options. Forecasts indicate a 68% occupancy rate for 2021, with projected revenues including $7.6 million in hotel EBITDA. This acquisition expands Pebblebrook's portfolio to 52 properties.