Pebblebrook Hotel Trust Stock: price and directors' dealings · United States · SEC (Form 4)

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust is a publicly traded hotel-focused REIT that owns and invests in upscale and lifestyle hotel assets, with a portfolio concentrated in major U.S. urban markets and select resort destinations. The company was formed as a Maryland real estate investment trust in October 2009 and is headquartered in Bethesda, Maryland, United States. It trades on the NYSE under the ticker PEB, making it a recognizable listed vehicle for investors seeking exposure to the U.S. lodging and hospitality real estate market. Pebblebrook is internally managed, meaning it runs its own investment, asset-management, and capital-allocation functions rather than relying on an external adviser. That structure is important for investors because it ties operating discipline directly to the company’s leadership team and supports a more hands-on approach to portfolio repositioning, renovations, selective acquisitions, and asset sales. The company’s model is built around owning hotels in markets where demand is supported by business travel, leisure travel, group business, and premium destination traffic. In terms of market positioning, Pebblebrook is one of the better-known owners in the U.S. “upper-upscale” and lifestyle hotel space. Its competitive edge lies less in scale alone and more in asset quality, location, and the ability to extract value from differentiated properties in supply-constrained, high-barrier markets. The portfolio is intentionally concentrated in major gateway and coastal markets, which typically offer stronger long-term demand characteristics, but also expose the company to cyclical swings in tourism and corporate travel. As of December 31, 2024, Pebblebrook owned interests in 46 hotels totaling 11,933 guest rooms. Its properties were located across a diverse set of U.S. markets, including Boston, Chicago, Los Angeles (Beverly Hills, Santa Monica, and West Hollywood), San Francisco, San Diego, Washington, D.C., Portland, Key West, Naples, Newport, and Jekyll Island. SEC filings as of March 31, 2026 show a slightly smaller portfolio of 44 hotels and about 11,000 rooms, indicating that the company has continued to actively manage and reshape its asset base. Pebblebrook’s core business is hotel ownership and operating economics, so its key revenue drivers are room demand, occupancy, average daily rate, RevPAR, food-and-beverage performance at select properties, and the success of redevelopment projects. Recent company disclosures highlighted improving leisure and group demand and relatively strong performance from recently renovated assets. For investors in the United States lodging sector, Pebblebrook offers a pure-play listed exposure to premium hotel real estate, with performance closely linked to travel trends, pricing power, and capital recycling decisions.