Pebblebrook Hotel Trust Completes $72.0 Million Sale of The Westin Michigan Avenue Chicago
Pebblebrook Hotel Trust Common Shares of Beneficial Interest (PEB)
Last pebblebrook hotel trust common shares of beneficial interest earnings: 2/20 04:06 pm
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investor.pebblebrookhotels.com
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Source: Business Wire
BETHESDA, Md.--(BUSINESS WIRE)--Pebblebrook Hotel Trust (NYSE: PEB) (the “Company” or “Pebblebrook”) announced today that on December 3, 2025, it successfully completed the sale of the 752-room Westin Michigan Avenue Chicago in Chicago, Illinois for $72.0 million to a third party.For the trailing twelve months ended September 30, 2025, the hotel generated earnings before interest, taxes, depreciation, and amortization (“EBITDA”) of $4.6 million and net operating income (“NOI”) of $2.5 million, assuming a capital reserve of 4.0% of total hotel revenues. The $72.0 million sales price equates to a 15.6x EBITDA multiple and a 3.5% NOI capitalization rate, before consideration of a brand-mandated property improvement plan and other significant capital expenditures.Pebblebrook expects to use the sale proceeds for general corporate purposes, with a primary focus on reducing outstanding debt and preferred equity, and opportunistically repurchasing the Company’s common shares, while suppor
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News
- Pebblebrook Hotel Trust Publishes Seventh Annual Corporate Sustainability ReportBusiness Wire
- Pebblebrook Hotel Trust (NYSE:PEB) had its price target raised by analysts at Wells Fargo & Company from $11.00 to $13.00. They now have an "equal weight" rating on the stock.MarketBeat
- Pebblebrook Hotel Trust (NYSE:PEB) had its "sell (d)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Pebblebrook Hotel Trust (NYSE:PEB) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating.MarketBeat
- Pebblebrook Hotel Trust Completes $44.25 Million Sale of Montrose at Beverly Hills [Yahoo! Finance Canada]Yahoo! Finance Canada
PEB
Earnings
- 11/5/25 - Beat
PEB
Sec Filings
- 12/4/25 - Form 8-K
- 11/20/25 - Form 4
- 11/20/25 - Form 8-K
- PEB's page on the SEC website