BETHESDA, Md.--(BUSINESS WIRE)--
Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that
it has experienced no significant damage or injuries at any of its East
Coast properties as a result of Hurricane Sandy. The Company’s hotels in
Washington, DC, Philadelphia, PA, New York, NY and Boston, MA remained
open during Hurricane Sandy and remain open, serving the needs of
guests. The Company is continuing to evaluate the financial impact
relating to Hurricane Sandy and the Company’s ability to recover,
through its insurance policies, any lost income.
“Our thoughts and prayers are with the many people who have been
impacted by Hurricane Sandy as they recover from this devastating
storm,” said Jon Bortz, Chairman, President and Chief Executive Officer
of Pebblebrook Hotel Trust. “Our operating teams at our East Coast
hotels have done an incredible job providing safety to our guests,
catering to their needs and providing support for their respective
communities. We thank them for their resiliency, hard work and
consummate professionalism in dealing with this unfortunate disaster.”
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust is a publicly traded real estate investment
trust (“REIT”) organized to opportunistically acquire and invest
primarily in upper upscale, full-service hotels located in urban markets
in major gateway cities. The Company owns 25 hotels, including 19 wholly
owned hotels with a total of 4,615 guest rooms and a 49% joint venture
interest in six hotels with a total of 1,733 guest rooms. The Company
owns, or has an ownership interest in, hotels located in ten states and
the District of Columbia, including 16 markets: Los Angeles, California;
San Diego, California; San Francisco, California; Santa Monica,
California; West Hollywood, California; Miami, Florida; Buckhead,
Georgia; Bethesda, Maryland; Boston, Massachusetts; Minneapolis,
Minnesota; New York, New York; Portland, Oregon; Philadelphia,
Pennsylvania; Columbia River Gorge, Washington; Seattle, Washington; and
Washington, DC. For more information, please visit www.pebblebrookhotels.com.
For additional information or to receive press releases via email,
please visit our website at www.pebblebrookhotels.com.
Pebblebrook Hotel Trust
Raymond D. Martz, Chief Financial Officer,
240-507-1330
Source: Pebblebrook Hotel Trust