Pebblebrook Hotel Trust currently owns 51 luxurious hotels with a total of 12,756 rooms in the United States. In December 2018, the company acquired LaSalle Hotel Properties which owned 41 U.S. hotels with 10,451 rooms. However, the company has sold many of those hotels in recent years. Pebblebrook’s portfolio mainly consists of hotels that are not associated with any specific brand, but the combined company does have hotels that are operated under popular brands such as Marriott, Starwood, InterContinental, Hilton, and Hyatt. The current CEO of Pebblebrook founded the company in 1998.
Pebblebrook Hotel Trust, which is listed on the New York Stock Exchange (NYSE: PEB), is a real estate investment trust (REIT). It was organized in 2009 to buy upper-upscale and full-service hotels located in or near major cities across the United States. The main objective of Pebblebrook is to provide long-term total returns to its shareholders, including a reliable stream of income. To do this, they focus on investing based on extensive research and targeting properties with operational and redevelopment opportunities.
The company has elected and is qualified to be taxed as a REIT for federal income tax purposes. As such, it strives to minimize its federal taxable income by distributing a large portion of it in the form of taxable dividends to its shareholders. Pebblebrook currently pays out quarterly dividends to its common shareholders.
Pebblebrook Hotel Trust has invested significantly in order to expand its portfolio and offer superior hospitality services, making it one of the top REITs in the United States. Their mission is to continue delivering long-term, industry-leading total returns to their shareholders and remain an attractive option for potential investors.