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) announced the pricing of $400 million aggregate principal amount of 6.375% senior notes due 2029 through its operating partnership, Pebblebrook Hotel, L.P., and PEB Finance Corp. The notes, priced on September 23, 2024, will be senior unsecured obligations and initially guaranteed by the Company and its subsidiaries that guarantee existing credit facilities. The private placement is expected to close on October 3, 2024.
The net proceeds will be used to:
- Pay down at least $253.0 million of unsecured term loans
- Use the balance (up to $137.4 million) to pay down other unsecured term loans and/or repurchase convertible senior notes
Pebblebrook Hotel Trust (NYSE: PEB) announced that its operating partnership, Pebblebrook Hotel, L.P., and PEB Finance Corp. intend to offer $350 million in senior notes due 2029 through a private placement. The notes will be senior unsecured obligations guaranteed by the company and its subsidiaries. The net proceeds will be used to pay down unsecured term loans (at least $253 million) and potentially repurchase a portion of convertible senior notes (up to $87.4 million).
The notes will not be registered under the Securities Act and will be offered only to qualified institutional buyers and certain non-U.S. persons in offshore transactions. This announcement does not constitute an offer to sell or a solicitation of an offer to buy the notes.
Pebblebrook Hotel Trust (NYSE: PEB) has released an update on its recent operating trends. The company, which is the largest owner of urban and resort lifestyle hotels and resorts in the United States, has made an updated presentation available on its investor relations website for more detailed information.
Pebblebrook Hotel Trust is a publicly traded real estate investment trust (REIT) that owns 46 hotels and resorts, comprising approximately 12,000 guest rooms across 13 urban and resort markets. Investors and interested parties can find additional information or receive press releases via email by visiting the company's website at www.pebblebrookhotels.com.
Pebblebrook Hotel Trust (NYSE: PEB) has declared dividends for the third quarter of 2024. The company will pay a quarterly cash dividend of $0.01 per common share on October 15, 2024, to shareholders of record as of September 30, 2024. Additionally, the Board of Trustees has authorized regular quarterly cash dividends on the company's preferred shares:
- $0.39844 per 6.375% Series E Cumulative Redeemable Preferred Share
- $0.39375 per 6.3% Series F Cumulative Redeemable Preferred Share
- $0.39844 per 6.375% Series G Cumulative Redeemable Preferred Share
- $0.35625 per 5.7% Series H Cumulative Redeemable Preferred Share
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) 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.