Headquartered in Bethesda, MD Fiscal year ends December NYSE: PEB pebblebrookhotels.com
Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (REIT) that owns urban and resort lifestyle hotels and resorts in the United States. It describes itself as the largest owner of such properties in the country.
The company owns 42 hotels and resorts with approximately 10,800 guest rooms across 14 urban and resort markets. These include San Francisco, Los Angeles, Boston, San Diego, Chicago, Washington, DC and Portland. Hotels are run by third-party operators.
Revenue comes from three lines: room revenue, food and beverage, and other operating revenue.
The company has largely completed a multi-year redevelopment program. It is now emphasizing:
- operating efficiency initiatives;
- selective hotel dispositions at private-market valuations;
- debt reduction;
- repurchases of common and preferred shares.
It has four series of cumulative redeemable preferred shares outstanding (Series E, F, G and H). Updated
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Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (REIT) that owns urban and resort lifestyle hotels and resorts in the United States. It describes itself as the largest owner of such properties in the country.
The Wall Street consensus 12-month price target for PEB is $19.78.
