Brief: Pebblebrook Hotel Trust Provides Operating Update

Pebblebrook Hotel Trust

21/10/2022 12:41

Oct 21 (Reuters) - Pebblebrook Hotel Trust:
    * PEBBLEBROOK HOTEL TRUST PROVIDES OPERATING UPDATE
    * PEBBLEBROOK HOTEL TRUST SAYS HAVE NOT SEEN ANYTHING THAT
WOULD
INDICATE RECESSION-DRIVEN PRESSURES ON ROOM NIGHT DEMAND,
OUT-OFROOM SPEND, OR PRICING
    * PEBBLEBROOK HOTEL TRUST - EXPECTS TO RE-OPEN PARTS OF
LAPLAYA
BEACH RESORT & CLUB DURING Q4
    * PEBBLEBROOK HOTEL TRUST - THE IMPACT FROM LOST EBITDA FROM
LAPLAYA IN Q4 IS CURRENTLY ESTIMATED AT APPROXIMATELY $8 MILLION
    * PEBBLEBROOK HOTEL TRUST - EXPECTS TO RECORD
MULTIMILLION-DOLLAR
NET IMPAIRMENT CHARGE IN Q3 FINANCIALS FOR THE ESTIMATED DAMAGE
TO LAPLAYA’S ASSETS
    * PEBBLEBROOK HOTEL TRUST - INCURRED DAMAGE AND REMEDIATION
COSTS
AT THE INN ON FIFTH NAPLES AND THE SOUTHERNMOST KEY WEST RESORT
FROM HURRICANE IAN
    * PEBBLEBROOK HOTEL TRUST - LAPLAYA INCURRED PRIMARILY WIND,
WATER-RELATED DAMAGE, WHICH CO CURRENTLY ESTIMATES WILL COST
ABOUT $15.0 TO $25.0 MILLION

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