Pebblebrook Hotel Trust Common Shares of Beneficial Interest (PEB)
12.84
+0.20 (1.58%)
Pebblebrook Hotel Trust is a publicly traded real estate investment trust (REIT) that focuses on the ownership and operation of upscale hotels
The company strategically acquires and manages properties in key urban and resort markets across the United States, emphasizing premium accommodations and unique travel experiences. By optimizing their portfolio of hotels, Pebblebrook is dedicated to enhancing guest satisfaction and driving revenue growth, while also providing attractive returns for its investors. The company's operational approach includes renovating and repositioning properties to align with current market trends and guest preferences.
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Hurricane Helene left over 130 dead and 800,000 without power. Utilities provider Duke Energy Corp reports 2 million customers affected but restores power to 1.35 million. Insurers don't expect major losses, estimated economic damage of $20-34 billion. REITs report limited damage.
Pebblebrook Hotel Trust (NYSEPEB) said its Same-Property revenue per available room decreased (RevPAR) by 1% in August, owing to Tropical Storm Hilary and Hurricane Idalia,
