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Pebblebrook Hotel Trust - PEB STOCK NEWS

Welcome to our dedicated page for Pebblebrook Hotel Trust news (Ticker: PEB), a resource for investors and traders seeking the latest updates and insights on Pebblebrook Hotel Trust stock.

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (REIT) specializing in the strategic acquisition and investment in upper-upscale, full-service hotels in prominent urban centers and gateway cities across the United States. Established to capitalize on prime hotel properties, Pebblebrook's portfolio comprises 46 hotels totaling approximately 11,924 guest rooms. The company emphasizes properties in major markets such as San Francisco, Los Angeles, Boston, New York, Miami, and Washington, DC, among others.

Pebblebrook Hotel Trust's properties are diverse, including both independent and branded luxury hotels managed under reputable names like Marriott, Starwood, InterContinental, Hilton, and Hyatt. This strategic diversification ensures a robust market presence and caters to a wide range of high-end travelers.

In December 2018, Pebblebrook notably acquired LaSalle Hotel Properties, which added 41 hotels with 10,451 rooms to its portfolio. Since then, the company has been active in refining and optimizing its portfolio through selective sales and acquisitions, focusing on enhancing the overall quality and performance of its investments.

The company recently unveiled a significant $25 million renovation at the Jekyll Island Club Resort and the Jekyll Ocean Club. This transformation highlights Pebblebrook's commitment to preserving historic assets while modernizing guest experiences. These efforts include updates to guest rooms, public spaces, and dining areas, all designed to maintain the resort's historical integrity and natural charm.

Pebblebrook Hotel Trust's strategic initiatives also extend to partnerships and collaborations aimed at boosting its market position and delivering superior guest experiences. Their focus on high-demand urban and resort markets ensures sustained growth and resilience against market fluctuations.

Financially, Pebblebrook continues to demonstrate robust performance, underpinned by strong revenue streams from its premium hotel properties. Their approach to maintaining a diverse yet coherent portfolio positions them well within the competitive landscape of luxury hospitality.

For more information about Pebblebrook Hotel Trust, including the latest updates and developments, visit their official website at www.pebblebrookhotels.com.

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Pebblebrook Hotel Trust (NYSE: PEB) reported Q3 2021 Same-Property Hotel EBITDA of $66.6 million, driven by strong demand at lifestyle resorts and improving urban hotel performance. Same-Property ADR surpassed Q3 2019 levels, while RevPAR rose sequentially by 49% from Q2. Despite temporary softness in bookings due to the Delta variant, demand rebounded in mid-September. The company acquired properties worth $384 million and sold assets totaling $276.1 million. For Q4 2021, revenues are projected to be down 38%-42% compared to Q4 2019. Total liquidity stands at $826.9 million as of September 30, 2021.

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Curator Hotel & Resort Collection has partnered with ReviewPro, a Shiji Group brand, to enhance guest feedback management for its member hotels. This collaboration aims to improve guest satisfaction through Online Reputation Management and Guest Satisfaction Surveys, crucial for maintaining quality amid rising hotel demand and staffing challenges. Curator selected ReviewPro for its exceptional technology and global reach, anticipating that this partnership will drive bookings and revenue growth for its hotels, thereby enhancing overall guest experiences.

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Pebblebrook Hotel Trust (NYSE: PEB) announced updates on its recent operating trends, highlighting its position as a leading owner of urban and resort hotels in the U.S. The Company manages 52 hotels with about 13,000 guest rooms across 15 markets, primarily focusing on west coast cities. For further insights, investors are encouraged to visit the updated presentation on their website.

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Pebblebrook Hotel Trust (NYSE: PEB) has acquired the Avalon Bed & Breakfast and Duval Gardens in Key West, Florida, for $20 million. The acquisition includes 19 and 12 guest rooms respectively, and will be integrated into the Company’s Southernmost Beach Resort, managed by Highgate.

This investment is expected to generate an annualized hotel net operating income (NOI) of $1.6 million to $2.4 million over the next year, driving operational efficiencies and profitability.

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Curator Hotel & Resort Collection has announced the addition of four new independent hotels, marking its debut in popular travel destinations in New Jersey and Arizona. The new properties include The Asbury Hotel, Asbury Ocean Club Hotel, Pelican Grand Beach Resort, and The Wilde Resort and Spa. Founded in November 2020, Curator aims to enhance the operational performance of member hotels while preserving their uniqueness. This expansion strengthens Curator's position in the hospitality industry and offers guests more diverse lodging options.

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Curator Hotel & Resort Collection has partnered with UniFocus to enhance labor management and time attendance for its member hotels. This collaboration aims to optimize productivity amidst evolving workforce dynamics. Curator’s Vice President, Austin Segal, highlighted UniFocus's proven reputation for service quality, with member properties already using its technology. The UniFocus platform will help predict staffing needs, ensuring that employees are strategically positioned to deliver excellent guest experiences. Pebblebrook Hotel Trust, the founding entity, owns 52 hotels across the U.S.

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Curator Hotel & Resort Collection has announced strategic partnerships with Encore and Audio Visual Management Solutions (AVMS) to enhance event technology and audiovisual services for its member hotels. This collaboration aims to provide tailored solutions for virtual, hybrid, and live events, supporting the growing demand in the hotel industry. The partnerships will allow member hotels to deliver high-quality experiences while optimizing costs, positioning Curator as a vital player in the evolving hospitality sector.

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Pebblebrook Hotel Trust has acquired the Margaritaville Hollywood Beach Resort for $270 million. This 369-room resort, located on 6.2 oceanfront acres in Florida, features upscale amenities and multiple restaurants, including Jimmy Buffet’s Margaritaville. The acquisition is managed by Davidson Hospitality Group, which also operates five other Pebblebrook properties. The resort is expected to generate a hotel EBITDA of $16.8 to $17.2 million in 2021. Following the deal, Pebblebrook’s portfolio increases to 52 properties, with substantial financial liquidity of $800 million.

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FAQ

What is the current stock price of Pebblebrook Hotel Trust (PEB)?

The current stock price of Pebblebrook Hotel Trust (PEB) is $13.75 as of December 24, 2024.

What is the market cap of Pebblebrook Hotel Trust (PEB)?

The market cap of Pebblebrook Hotel Trust (PEB) is approximately 1.6B.

What is Pebblebrook Hotel Trust?

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (REIT) focusing on upper-upscale, full-service hotels in major urban and gateway cities across the U.S.

How many hotels does Pebblebrook own?

Pebblebrook Hotel Trust owns 46 hotels with a total of approximately 11,924 guest rooms.

Which hotel brands are included in Pebblebrook's portfolio?

Pebblebrook's portfolio includes independent hotels as well as properties managed under brands like Marriott, Starwood, InterContinental, Hilton, and Hyatt.

What was the significance of the LaSalle Hotel Properties acquisition?

The acquisition of LaSalle Hotel Properties in December 2018 added 41 hotels with 10,451 rooms to Pebblebrook's portfolio, significantly expanding its presence in the upscale hospitality market.

What are some recent projects by Pebblebrook Hotel Trust?

Pebblebrook recently completed a $25 million renovation at the Jekyll Island Club Resort and Jekyll Ocean Club, showcasing their commitment to modernizing and preserving historic hotel properties.

Where are Pebblebrook's hotels located?

Pebblebrook's hotels are located in key urban markets including San Francisco, Los Angeles, Boston, New York, Miami, and Washington, DC, among others.

What is the business strategy of Pebblebrook Hotel Trust?

Pebblebrook's strategy focuses on acquiring and investing in high-quality, full-service hotels in prime urban and gateway markets, optimizing their portfolio through selective acquisitions and sales.

How does Pebblebrook maintain its market position?

Pebblebrook maintains its market position through strategic diversification, partnerships, and continuous improvement of its hotel properties to enhance guest experiences and financial performance.

What are the financial highlights of Pebblebrook?

Pebblebrook demonstrates strong financial performance with robust revenue streams from its high-end hotel properties, supported by strategic acquisitions and property optimization.

Where can I find more information about Pebblebrook Hotel Trust?

More information about Pebblebrook Hotel Trust can be found on their official website at www.pebblebrookhotels.com.

Pebblebrook Hotel Trust

NYSE:PEB

PEB Rankings

PEB Stock Data

1.65B
117.26M
1.97%
120.94%
13.36%
REIT - Hotel & Motel
Real Estate Investment Trusts
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United States of America
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