- CEO
- Jon E. Bortz
- Full Time Employees
- 52
- Sector
- Real Estate
- Industry
- REIT - Hotel & Motel
- Address
- 4747 Bethesda Avenue Bethesda MD United States of America 20814
- IPO Date
- Jul 23, 2021
- Business
- Pebblebrook Hotel Trust (NYSE: PEB; NYSE: PEB-PH) operates as a publicly traded real estate investment trust that opportunistically acquires, invests in, and manages upper-upscale full-service hotels and resorts in urban and resort destinations across major U.S. gateway cities; its portfolio encompasses 46 properties totaling approximately 12,000 guestrooms in 13 markets, including Bethesda (headquartered), Boston, Chicago, Key West, Los Angeles, Miami, Naples, Nashville, New York, Philadelphia, Portland, San Diego, San Francisco, Seattle, and Washington, D.C.; founded in December 2009 and based in Bethesda, Maryland, the company focuses on high-quality lodging assets with redevelopment potential, intensive asset management, and a conservative capital structure to generate reliable shareholder income through quarterly dividends. Core holdings feature lifestyle-oriented upper-upscale hotels and resorts such as Viceroy Washington DC, Montrose at Beverly Hills, Newport Harbor Island Resort, Estancia La Jolla Hotel & Spa, and Skamania Lodge, providing full-service accommodations, dining, event spaces, and leisure amenities targeted at business and leisure travelers in high-demand urban and resort locales. In recent developments, Pebblebrook completed the $44.25 million sale of the 133-room Montrose at Beverly Hills in West Hollywood, California, on November 19, 2025, to an unaffiliated buyer at a 16.1x EBITDA multiple and 5.2% NOI cap rate, with proceeds allocated to debt reduction, share repurchases, and capital strategies; the company has another unidentified hotel under contract for $72.0 million, expected to close in Q4 2025; earlier in 2024-2025, it invested $91 million in portfolio enhancements, including a $50 million redevelopment of Newport Harbor Island Resort, $26 million renovation of Estancia La Jolla Hotel & Spa, and $20 million expansion at Skamania Lodge adding treehouses, glamping units, and villas; additionally, Pebblebrook fully exercised the over-allotment option for its 1.625% convertible senior notes due 2030, bolstering its balance sheet amid ongoing operational improvements and Q1 2025 Adjusted FFO outperformance.