Pebblebrook Hotel Trust - PEB STOCK NEWS

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.

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.

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.

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.

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.

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.

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.

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.

Pebblebrook Hotel Trust (NYSE: PEB) will release its financial results for Q3 2021 on October 28, 2021, after market close. The quarterly conference call is scheduled for October 29, 2021, at 9:00 AM ET. To join, call (877) 705-6003 at least ten minutes prior to the start. Pebblebrook, the largest owner of urban and resort lifestyle hotels in the U.S., owns 51 hotels with approximately 12,600 guest rooms focused on west coast cities. More information is available on their website.