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PEB - Pebblebrook Hotel Trust News Story

$23.31 0.1  0.5%

Last Trade - 24/09/21

Sector
Financials
Size
Mid Cap
Market Cap £2.24bn
Enterprise Value £3.71bn
Revenue £291.0m
Position in Universe 1899th / 7172

BRIEF-Pebblebrook Hotel Trust Executes Contract To Acquire Margaritaville Hollywood Beach Resort

Wed 23rd June, 2021 12:09pm
June 23 (Reuters) - Pebblebrook Hotel Trust  PEB.N :
    * PEBBLEBROOK HOTEL TRUST PROVIDES OPERATING UPDATE AND
EXECUTES
CONTRACT TO ACQUIRE MARGARITAVILLE HOLLYWOOD BEACH RESORT IN
HOLLYWOOD, FL
    * PEBBLEBROOK HOTEL TRUST - EXECUTED A CONTRACT TO ACQUIRE
369-ROOM MARGARITAVILLE HOLLYWOOD BEACH RESORT IN HOLLYWOOD,
FLORIDA FOR $270.0 MILLION
    * PEBBLEBROOK HOTEL TRUST - ACQUISITION IS ANTICIPATED TO BE
FUNDED FROM EXISTING CASH ON HAND
    * PEBBLEBROOK HOTEL TRUST - MAY ASSUME UP TO $161.5 MILLION
OF
SECURED, NON-RECOURSE DEBT CURRENTLY IN PLACE
    * PEBBLEBROOK HOTEL TRUST - EXPECTS TO ACHIEVE POSITIVE
ADJUSTED
EBITDARE IN Q2 2021 AND POSITIVE ADJUSTED FFO IN Q3 2021

Source text for Eikon:  ID:nBw6w8xFWa 
Further company coverage:  PEB.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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