Pebblebrook Hotel Trust - PEB STOCK NEWS

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.

Pebblebrook Hotel Trust (NYSE: PEB) has released an update on its recent operating trends. The Company, the largest owner of urban and resort lifestyle hotels in the U.S., owns 51 hotels with around 12,600 guest rooms across 14 markets, focusing on West Coast gateway cities. For further details, stakeholders can visit their updated presentation on the Company’s website.

Pebblebrook Hotel Trust (NYSE: PEB) has announced a quarterly cash dividend of $0.01 per common share, payable on October 15, 2021, to shareholders of record as of September 30, 2021. Additionally, cash dividends on preferred shares will also be paid on the same date, including $0.39844 for Series E, $0.39375 for Series F, $0.67292 for Series G, and $0.30875 for Series H. This reflects the ongoing commitment of Pebblebrook to return value to its shareholders amidst potential economic uncertainties.

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.