Monitor Q3 2026 earnings for updated full-year outlook and any share repurchase activity funded by the sale proceeds. The disposition is too small to materially alter the company's financial trajectory.
Price Chart
Executive Summary
Pebblebrook Hotel Trust completed the sale of The Hotel Zags in Portland, OR for $10.0 million on October 8, 2026. The property was a 174-room hotel that generated an estimated trailing twelve-month net operating loss of ($0.8) million, making the sale a modest portfolio cleanup that removes a cash-draining asset. Proceeds are earmarked for general corporate purposes including opportunistic share repurchases, but the transaction is not expected to affect the company's Q3 2026 outlook.
Key Facts
- Sale of The Hotel Zags (174 rooms, Portland, OR) for $10.0 million completed on October 8, 2026
- Trailing twelve-month hotel net operating loss of ($0.8) million and hotel EBITDA of ($0.6) million as of August 31, 2026
- Proceeds to be used for general corporate purposes, including opportunistic repurchases of common or preferred shares
- Transaction not expected to affect Q3 2026 Outlook issued July 29, 2026; sale will be reflected in Q4 and updated full-year 2026 outlook
- Company now owns 42 hotels totaling approximately 10,800 guest rooms
Financial Impact
$10.0 million sale price for a hotel with ($0.8) million trailing twelve-month net operating loss; proceeds represent less than 1% of annual hotel revenues ($1.4 billion in 2025)
Risk Factors
- Sale proceeds of $10.0 million are immaterial relative to the company's $1.4 billion annual hotel revenue base
- No change to Q3 2026 outlook suggests the transaction has no near-term earnings impact
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001474098-26-000066 |
| Document: peb-20261008.htm | 0001474098-26-000066 |
| Document: 0001474098-26-000066-index-headers.html | 0001474098-26-000066 |
| Document: 0001474098-26-000066-index.html | 0001474098-26-000066 |
| Document: 0001474098-26-000066.txt | 0001474098-26-000066 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 18d ago | 8-K | $19.21 $20.10 | ▲ +4.63% | ▲ +6.13% | $21.31 (+10.93%) |
Oct 7, 2026 20d ago | 3 | $18.98 $19.36 | ▲ +2.00% | ▲ +2.28% | $21.31 (+12.28%) |
Jun 15, 2026 19w ago | Insider Buy | $19.38 $18.36 | ▼ −5.26% | ▼ −3.03% | $21.31 (+9.96%) |
Jun 15, 2026 19w ago | 8-K | $18.50 $18.72 | ▲ +1.19% | ▲ +2.57% | $21.31 (+15.19%) |
Jun 12, 2026 19w ago | Insider Buy | $18.50 $18.72 | ▲ +1.19% | ▲ +2.57% | $21.31 (+15.19%) |
Jun 9, 2026 20w ago | 8-K | $18.40 $18.70 | ▲ +1.63% | ▼ −0.51% | $21.31 (+15.82%) |
Jun 2, 2026 21w ago | 8-K | $17.94 $18.40 | ▲ +2.56% | ▲ +6.38% | $21.31 (+18.78%) |
Apr 28, 2026 26w ago | 8-K | $17.92 $17.94 | ▲ +0.11% | ▼ −3.00% | $21.31 (+18.92%) |
Apr 17, 2026 27w ago | DEFA14A | $18.50 $18.39 | ▼ −0.59% | ▼ −1.15% | $21.31 (+15.19%) |
Feb 25, 2026 34w ago | 8-K | $13.17 $13.00 | ▼ −1.29% | ▼ −0.16% | $21.31 (+61.81%) |
US Market Status
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