Pebblebrook Puts $52.5M Debt Against Buckhead Hotel

BETHESDA, Md. - Pebblebrook Hotel Trust Inc. has added $52.5 million of debt to its books, taking out a secured loan collateralized by the 422-room Intercontinental Buckhead Hotel in Georgia.

The Maryland-based REIT got a five-year, 4.88 percent fixed-rate loan from Goldman Sachs Commercial Mortgage Capital LP. Loan proceeds will be used for future acquisitions and general purposes.
Pebblebrook acquired the Buckhead hotel in July for $105 million.

Pebblebrook is now shouldering $143.6 million of outstanding debt at a weighted average annual interest rate of 3.78 percent. It has no outstanding balance on its $150 million senior secured credit facility.

Pebblebrook Hotel Trust Acquires the Sofitel Philadelphia Hotel

BETHESDA, Md.--(BUSINESS WIRE)--Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it has acquired the Sofitel Philadelphia Hotel for $87.0 million. The 306-room, upper-upscale, full-service, Center City hotel features over 15,000 square feet of meeting space in a historic building that once housed the Philadelphia Stock Exchange. The property will continue to be managed by Sofitel (Accor SA). The transaction includes the assumption of a $56.1 million secured loan, with the remaining proceeds funded by the Company with available cash.

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Pebblebrook buys another hotel

Pebblebrook Hotel Trust continues to add to its portfolio of hotel properties. The Bethesda-based company announced last week it had acquired the boutique-style Sheraton Delfina Santa Monica Hotel for $102.8 million. The 310-room upscale hotel in Santa Monica, Calif., is Pebblebrook's seventh acquisition since the company went public last December.

Pebblebrook Hotel Trust Acquires the Sheraton Delfina Santa Monica Hotel

BETHESDA, Md., Nov 22, 2010 (BUSINESS WIRE) -- Pebblebrook Hotel Trust /quotes/comstock/13*!peb/quotes/nls/peb (PEB 18.33, 0.00, 0.00%) (the "Company") today announced that it has acquired the boutique-style Sheraton Delfina Santa Monica Hotel for $102.8 million. The 310-room, upper-upscale, full-service hotel features over 10,000 square feet of meeting space, two food and beverage outlets and is located in Santa Monica, California, just minutes from the beach and all of Santa Monica's leisure attractions. The property will continue to be managed by the Viceroy Hotel Group. The transaction was funded by the Company entirely with available cash.

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Pebblebrook Hotel Trust Reports Third Quarter Results

BETHESDA, Md., Nov 08, 2010 (BUSINESS WIRE) -- Pebblebrook Hotel Trust /quotes/comstock/13*!peb/quotes/nls/peb (PEB 20.20, -0.13, -0.64%) (the "Company") today reported net income (loss) to common shareholders of $(0.3) million, or $(0.01) per diluted share, for the quarter ended September 30, 2010.

For the quarter ended September 30, 2010, the Company generated funds from operations ("FFO") of $1.7 million. On a per diluted share basis, FFO for the third quarter of 2010 was $0.05. The Company's earnings before interest, taxes, depreciation and amortization ("EBITDA") for the quarter was $1.6 million.

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