Follow-On Offering

Real Estate
Follow-On Offering

Summary

Baird served as a co-manager in this offering.

About

Pebblebrook Hotel Trust (“Pebblebrook” or the “Company”) (NYSE: PEB) recently completed a follow-on offering of 5,175,000 shares of its common stock at a price of $22.10 per share, generating gross proceeds of approximately $114.4 million. The net proceeds from this offering will be used for general corporate purposes, including acquiring and investing in hotel properties in accordance with the Company’s investment strategy and reducing the Company’s debt.

Pebblebrook is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and invest primarily in upper upscale, full service hotels located in urban markets in major gateway cities. The Company owns 21 hotels, comprised of 15 wholly owned hotels, with a total of 3,920 guest rooms and a 49 percent joint venture interest in six hotels with 1,733 guest rooms. The Company owns, or has an ownership interest in, hotels located in nine states and the District of Columbia, including 14 markets: San Diego, California; San Francisco, California; Santa Monica, California; West Hollywood, California; Washington, DC; Miami, Florida; Buckhead, Georgia; Bethesda, Maryland; Boston, Massachusetts; Minneapolis, Minnesota; New York, New York; Philadelphia, Pennsylvania; Columbia River Gorge, Washington; and Seattle, Washington.

For additional information about this transaction, please contact:

Steve Goldberg (703) 918-7808
Peter Kies (414) 765-7262
Real Estate
Follow-On Offering
Date
June 2012
Company
Pebblebrook Hotel Trust
Transaction
M&A
Sectors
Real Estate
Target Location
North America

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