Pebblebrook Hotel Trust

NYSE:PEB   3:59:54 PM EDT
22.49
-0.29 (-1.27%)
4:00:00 PM EDT: $22.51 +0.02 (+0.09%)
Other Pre-Announcement, Mergers / Acquisitions

Pebblebrook Hotel Trust Executes Contract To Acquire Margaritaville Hollywood Beach Resort

Published: 06/23/2021 11:12 GMT
Pebblebrook Hotel Trust (PEB) - 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.