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.
Pebblebrook Hotel Trust (NYSE: PEB) has announced the schedule for its Third Quarter 2024 Earnings Release and Conference Call. The company will report its financial and operating results for the quarter ended September 30, 2024, on Thursday, November 7, 2024, after market close. A conference call will be held on Friday, November 8, 2024, at 10:00 AM ET.
Investors can participate by dialing (877) 407-3982 at 9:50 AM ET on November 8. A live webcast will also be available on the company's website. Pebblebrook Hotel Trust is the largest owner of urban and resort lifestyle hotels in the United States, with 46 hotels and approximately 12,000 guest rooms across 13 markets.
Pebblebrook Hotel Trust (NYSE: PEB), the largest owner of urban and resort lifestyle hotels in the United States, has released an update on recent operating trends. The company has published an updated presentation on its investor relations website, providing additional details on current operating trends. PEB owns 46 hotels and resorts, totaling approximately 12,000 guest rooms across 13 urban and resort markets.
As a publicly traded real estate investment trust (REIT), Pebblebrook Hotel Trust focuses on urban and resort lifestyle properties. Investors and interested parties can access more information about the company and its recent operating update on the Pebblebrook Hotel Trust website.
Pebblebrook Hotel Trust (NYSE: PEB) reported Q2 2024 results with net income of $32.2 million. Same-Property Total RevPAR increased by 2.5% compared to Q2 2023, with urban properties improving 3.4% and resort properties growing 0.6%. Same-Property EBITDA reached $117.2 million, up 8.9% year-over-year. Adjusted FFO per diluted share was $0.69, increasing 11.3% from Q2 2023.
The company updated its 2024 outlook, projecting net loss between $13.0 to $4.0 million, Same-Property RevPAR growth of 1.25% to 2.25%, and Adjusted FFO per diluted share of $1.59 to $1.67. Pebblebrook also announced the conversion of Le Méridien Delfina Santa Monica to Hyatt Centric in mid-September 2024, involving a $16.0 million property refresh.
Pebblebrook Hotel Trust (NYSE: PEB) announced that four of its high-quality hotels and resorts have been recognized in Travel + Leisure's 2024 World's Best Awards, winning a total of five awards. The honored properties include:
1. Hotel Zephyr Fisherman's Wharf - #1 in San Francisco
2. Viceroy Santa Monica Hotel - #6 in Los Angeles
3. Viceroy Washington DC - #15 in Continental U.S. and #2 in Washington DC
4. Hotel Zena Washington DC - #5 in Washington DC
CEO Jon E. Bortz expressed pride in the recognition, highlighting the success of recent renovations and redevelopments in elevating the portfolio and enhancing offerings for both business and leisure travelers.
Pebblebrook Hotel Trust (NYSE: PEB) recently provided an update on its operating trends. The Company, a leading REIT and the largest owner of urban and resort lifestyle hotels in the U.S., has detailed these trends in a presentation available on their website. Pebblebrook owns 46 hotels and resorts, representing approximately 12,000 guest rooms across 13 markets. Investors and stakeholders can find more information and view presentations by visiting their investor relations page or contacting Raymond D. Martz, Co-President and CFO.
Pebblebrook Hotel Trust (NYSE: PEB) has announced a quarterly cash dividend of $0.01 per common share, payable on July 15, 2024, to shareholders of record as of June 28, 2024. Additionally, the company declared regular quarterly cash dividends on its preferred shares: $0.39844 for Series E, $0.39375 for Series F, $0.39844 for Series G, and $0.35625 for Series H, all payable on the same date. Pebblebrook owns 46 hotels with approximately 12,000 rooms across 13 markets in the U.S.
Pebblebrook Hotel Trust (NYSE: PEB) provided an update on operating trends. The company, a leading REIT, owns 46 hotels and resorts in the U.S., totaling around 12,000 rooms. Pebblebrook's properties span 13 urban and resort markets. For more details, visit their investor presentations page or contact Co-President and CFO Raymond D. Martz.
Pebblebrook Hotel Trust (NYSE: PEB) announced it will release financial and operating results for Q2 2024 on July 24, 2024, after market close. The company will hold a conference call on July 25, 2024, at 9:30 AM ET to discuss the results. To join the call, dial (877) 407-3982 at 9:20 AM ET and provide your full name and company affiliation. A live webcast will be available on the company's website, with a replay accessible in the Investor Relations section.
Pebblebrook Hotel Trust is a REIT owning 46 urban and resort lifestyle hotels across 13 markets in the U.S., totaling approximately 12,000 guest rooms.
National Storage Affiliates Trust (NYSE: NSA) announced that Michael Schall has been elected to the Board of Trustees, effective May 13, 2024. Schall, with extensive experience in executive leadership and REITs, will join the Audit and Finance Committees. He previously served as President and CEO of Essex Property Trust and currently sits on the Board of Trustees for Pebblebrook Hotel Trust. The announcement emphasized shareholders' strong support for Schall's appointment, expected to enhance NSA's strategic initiatives. NSA will participate in the Nareit REITweek: 2024 Investor Conference from June 4-6, 2024.
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