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) has successfully closed a public offering of $500 million in 1.75% Convertible Senior Notes due 2026. The offering includes $50 million from the underwriters’ over-allotment option. The notes are senior unsecured obligations and pay interest semiannually, maturing on December 15, 2026. They feature an initial conversion rate that equates to approximately $25.47 per common share. Proceeds will help fund capped call transactions and reduce debt from the revolving credit facility.
Pebblebrook Hotel Trust (NYSE: PEB) has declared a quarterly cash dividend of $0.01 per common share, payable on January 15, 2021, to shareholders of record as of December 31, 2020. Additionally, the Company announced quarterly cash dividends for its preferred shares, including $0.40625 for Series C, $0.39844 for Series D and E, and $0.39375 for Series F, all payable on the same date. With a portfolio of 53 hotels and approximately 13,200 guest rooms, Pebblebrook is a leading REIT focusing on urban and resort markets.
Pebblebrook Hotel Trust (NYSE: PEB) has announced the pricing of an underwritten public offering amounting to $450 million of its 1.75% Convertible Senior Notes due 2026. The offering is anticipated to close on December 15, 2020. The Notes will rank equally with the Company’s existing unsecured debt, paying interest semiannually and convertible under certain conditions. Additionally, the Company plans to use part of the proceeds to cover costs related to capped call transactions and to reduce debt.
Pebblebrook Hotel Trust (NYSE: PEB) has announced an underwritten public offering of $350 million in Convertible Senior Notes due 2026, with an option for underwriters to purchase an additional $52.5 million. The Notes will be convertible under specific conditions, and holders may receive cash, common shares, or a combination upon conversion. Proceeds will be used for capped call transactions and to reduce debt under revolving credit facilities. The offering is managed by BofA Securities and Raymond James.
Pebblebrook Hotel Trust (NYSE: PEB) announces the launch of Curator Hotel & Resort Collection, alongside six major hotel operators. This collection showcases over 120 independent lifestyle hotels, aiming to empower small brands while maintaining their unique identities. Curator focuses on enhancing performance through owner-centric benefits, operational cost savings, and specialized technology, allowing members to compete effectively. The initiative responds to a growing demand for unique travel experiences among sophisticated travelers, fostering increased visibility for independent hotels.
On October 13, 2020, Condé Nast Traveler announced its annual Readers' Choice Awards, ranking The Marker Hotel as the #1 Hotel and Hotel Spero as #2 in San Francisco. Over 715,000 readers participated in the poll, emphasizing the hotels' excellence amid the COVID-19 pandemic. This marks the second consecutive year Hotel Spero received a top recognition. The awards highlight the hotels' high service quality, cleanliness, and locations, with both managed by Access Hotels and Resorts, and owned by Pebblebrook Hotel Trust (NYSE:PEB), which owns 53 hotels across the U.S.
Viceroy Hotels & Resorts has opened Hotel Zena in Washington D.C., a cultural hub focused on female empowerment. This 191-room hotel features a striking design, highlighting over 60 pieces of art that celebrate women's contributions to civil rights. It showcases a portrait of Justice Ruth Bader Ginsburg made from 20,000 hand-painted tampons and other notable installations. CEO Jon Bortz emphasized the hotel as a safe space for meaningful discussions. In addition, Hotel Zena offers versatile event spaces, a restaurant, and a rooftop lounge set to open in Spring 2021.
Pebblebrook Hotel Trust (NYSE: PEB) reported updates on its Q3 2020 operations. In July, the Company’s 23 hotels generated $19.7 million in Total Hotel Revenues and $1.1 million in Hotel EBITDA. In August, 34 hotels generated $25.8 million in Total Hotel Revenues but reported a Hotel EBITDA loss of $0.5 million, largely due to $1.2 million in retail lease income write-offs. September occupancy stands at approximately 39%. The Company anticipates further hotel reopenings as demand recovers, while monthly cash burn has decreased to $6-$9 million for hotels and $17-$22 million for corporate expenses.
Skamania Lodge in Stevenson, Wash., will introduce two new treehouses in September, following the success of its previous ones, which saw a 90% occupancy rate during summer. Named Candy Flower and Shooting Star, these treehouses are elevated 40 feet and feature a queen bed and a tent-like nook. Guests can enjoy nature-inspired decor, a see-through fireplace, and private fire pits. The lodge offers diverse outdoor activities and amenities, with a history of opening new treehouses since 2016, aiming to enhance guest experiences in the Columbia River Gorge.
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