INVESTOR RELATIONS
BETHESDA, Md.--(BUSINESS WIRE)-- Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) announced that on June 10, 2021, it closed on the sale of its leasehold interest in the 194-room The Roger New York in New York, NY for $19.0 million to a third party. The Roger New York is subject to a ground lease with approximately 23 years remaining on its term.
Proceeds from the sale of The Roger New York will be utilized for general business purposes, which may include reducing the Company’s outstanding debt and/or acquiring and investing in hotel properties in accordance with the Company’s investment strategy.
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (“REIT”) and the largest owner of urban and resort lifestyle hotels in the United States. The Company owns 51 hotels, totaling approximately 12,600 guest rooms across 13 urban and resort markets with a focus on the west coast gateway cities. For more information, visit www.pebblebrookhotels.com and follow us at @PebblebrookPEB.
For additional information or to receive press releases via email, please visit our website at www.pebblebrookhotels.com
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
Full Year
2019
75%
87%
79%
82%
$250
$269
$264
$246
$258
$188
$233
$230
$193
$211
$313.9
$389.2
$382.3
$337.4
$1,422.8
$85.0
$142.6
$133.0
$97.9
$458.6
27.1%
36.6%
34.8%
29.0%
32.2%
2020
56%
3%
20%
21%
25%
$248
$216
$195
$231
$139
$9
$44
$41
$58
$240.1
$22.0
$76.9
$74.0
$413.1
$37.4
($38.7)
($16.9)
($17.5)
($35.6)
15.6%
(175.9%)
(22.0%)
(23.6%)
(8.6%)
2021
$239
$47
$83.5
($14.2)
(17.0%)
Raymond D. Martz, Chief Financial Officer, Pebblebrook Hotel Trust - (240) 507-1330