Edition:
India

Pebblebrook Hotel Trust (PEB.N)

PEB.N on New York Stock Exchange

39.21USD
1:32am IST
Change (% chg)

$0.05 (+0.13%)
Prev Close
$39.16
Open
$39.09
Day's High
$39.34
Day's Low
$39.05
Volume
158,033
Avg. Vol
180,097
52-wk High
$41.65
52-wk Low
$31.31

Latest Key Developments (Source: Significant Developments)

Pebblebrook Letter To Lasalle Hotel Revises Merger Proposal
Monday, 16 Apr 2018 

April 16 (Reuters) - Pebblebrook Hotel Trust ::PEBBLEBROOK HOTEL TRUST RELEASES LETTER TO BOARD OF LASALLE HOTEL PROPERTIES, REVISES MERGER PROPOSAL AND SUBSTANTIALLY RAISES OFFER PRICE.PEBBLEBROOK HOTEL TRUST - REVISED PROPOSAL FOR 100% OF LASALLE'S OUTSTANDING COMMON SHARES IMPLIES A MERGER PRICE OF $31.75 PER LASALLE COMMON SHARE.PEBBLEBROOK HOTEL TRUST - IMPLIED PRICE OF $31.75 PER SHARE BASED ON INCREASED FIXED EXCHANGE RATIO OF 0.8944 PEBBLEBROOK SHARE FOR EACH LASALLE SHARE.PEBBLEBROOK HOTEL TRUST - "DISAPPOINTED" THAT LASALLE HAS NOT RESPONDED TO REVISED PROPOSAL.PEBBLEBROOK HOTEL TRUST - REVISED PROPOSAL ALSO PROVIDES LASALLE'S SHAREHOLDERS WITH OPTION TO ELECT TO GET CASH UP TO MAXIMUM OF 15%.  Full Article

Pebblebrook Hotel Trust Announces Inadvertent Disclosure Of Draft Document
Friday, 13 Apr 2018 

Pebblebrook Hotel Trust ::ANNOUNCES INADVERTENT DISCLOSURE OF DRAFT DOCUMENT.ON APRIL 12, CO INADVERTENTLY POSTED ON WEBSITE INITIAL WORKING DRAFT RELATING TO CO'S Q1 2018 FINANCIAL & OPERATING RESULTS.CO IS AWARE THAT WHEN DOCUMENT WAS ON WEBSITE, CERTAIN AUTOMATED WEB SEARCH PROCESSES DISCOVERED & DISSEMINATED DOCUMENT.SAYS CO "QUICKLY DISCOVERED" THE ERROR AND IMMEDIATELY REMOVED THE DOCUMENT FROM ITS WEBSITE.COMPANY DID NOT AUTHORIZE RELEASE OF DOCUMENT RELATED TO Q1 2018 FINANCIAL RESULTS.  Full Article

LaSalle Hotel Properties Rejects Unsolicited Proposal From Pebblebrook Hotel Trust
Wednesday, 28 Mar 2018 

March 28 (Reuters) - LaSalle Hotel Properties ::LASALLE HOTEL PROPERTIES BOARD OF TRUSTEES CONFIRMS UNANIMOUS REJECTION OF UNSOLICITED PROPOSAL FROM PEBBLEBROOK HOTEL TRUST.LASALLE HOTEL PROPERTIES SAYS PROPOSAL FROM PEBBLEBROOK HOTEL TRUST "SIGNIFICANTLY UNDERVALUES LASALLE AND IS NOT IN THE BEST INTERESTS OF SHAREHOLDERS".LASALLE HOTEL PROPERTIES - EXPECTS TO PAY QTRLY DIVIDEND OF $0.225/COMMON SHARE FOR EACH OF QTRS ENDING JUNE 30, SEPTEMBER 30 AND DECEMBER 31, 2018.  Full Article

Pebblebrook Hotel Trust provides update on reopening of Laplaya Beach Resort & Club
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Pebblebrook Hotel Trust :Pebblebrook Hotel Trust provides update on reopening of laplaya beach resort & club following hurricane irma.Pebblebrook Hotel Trust - ‍full restoration of laplaya continues to be on target for completion early in q1 of 2018​.  Full Article

Pebblebrook Hotel Trust reports Q3 adjusted FFO per share $0.80
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Pebblebrook Hotel Trust :Pebblebrook Hotel Trust reports third quarter 2017 results.Q3 adjusted FFO per share $0.80.Pebblebrook Hotel Trust - ‍same-property revPAR in Q3 of 2017 declined 3.1 percent versus same period of 2016 to $229.68​.Pebblebrook Hotel Trust - ‍"we remain cautious in our outlook for remainder of 2017 and will remain so until we see demand trends strengthen"​.Pebblebrook Hotel Trust sees Q4 ‍adjusted FFO per diluted share $0.39 to $0.43​.Pebblebrook Hotel Trust sees ‍Q4 adjusted EBITDA $41.7 million to $44.7 million​.Pebblebrook Hotel Trust - co's ‍189-room laplaya resort 7 club incurred damage from Hurricane Irma, which co estimates will cost about $12.0 to $15.0 million​.Q3 FFO per share view $0.73 -- Thomson Reuters I/B/E/S.Q4 FFO per share view $0.50 -- Thomson Reuters I/B/E/S.Pebblebrook Hotel Trust - estimates that due to disruption caused by Hurricane Irma, laplaya's hotel EBITDA was reduced by $0.1 million in September​.Pebblebrook Hotel Trust - ‍anticipates approximately $5.0 million less of EBITDA during Q4 related to disruption caused by Hurricane Irma ​.  Full Article

Pebblebrook Hotel Trust refinances its credit facility and term loans
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Pebblebrook Hotel Trust ::Pebblebrook Hotel Trust refinances its credit facility and term loans.Pebblebrook Hotel Trust - ‍ amended and restated its $450 million senior unsecured revolving credit facility and four term loans totaling $675 million​.Pebblebrook Hotel Trust - ‍pricing on credit facility and term loans has been reduced, and overall terms and covenants have been improved​.Pebblebrook Hotel Trust - ‍$450 million credit facility and $300 million unsecured term loan were extended to January 2023​.Pebblebrook Hotel-prior $175 million term loan now consists of $65 million unsecured term loan maturing in 2022, $110 million unsecured term loan maturing in 2024​.Pebblebrook Hotel Trust - ‍company's $200 million unsecured term loan matures in 2021​.  Full Article

Deals of the day-Mergers and acquisitions

June 18 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: