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Pebblebrook Hotel Trust Completes $43.5 Million Sale of Chamberlain West Hollywood Hotel

PEB
  • Pebblebrook Hotel Trust completed the sale of the 115-room Chamberlain West Hollywood Hotel on May 27, 2026, for $43.5 million.
  • The hotel generated $3.0 million in EBITDA & $2.6 million in NOI for the trailing twelve months ended April 30, 2026.
  • The sales price reflects a 14.5x EBITDA multiple & a 5.9% NOI capitalization rate.
  • Proceeds will be used to reduce net debt & preferred equity, repurchase common shares, & fund other high-return capital allocation priorities.
  • Including this transaction & two Q4 2025 dispositions, the Company has sold approximately $160 million of assets with an aggregate 15.4x EBITDA multiple.
  • The Company retired preferred shares with a $33.7 million liquidation preference for approximately $26.1 million, achieving a 23% discount.
  • Preferred equity outstanding was reduced to $720.6 million following the transaction.
  • Since late 2025, the Company reduced debt by nearly $160 million & repurchased $62 million of common shares (5.4 million shares at an average price of $11.51).
  • Updated 2026 Net Income outlook is revised to a range of $(8.2) million to $3.8 million, down from the prior outlook.
  • Revised 2026 Adjusted EBITDAre outlook is $334.5 million to $346.5 million, representing a $1.5 million decrease from the prior forecast.
  • Revised Q2 2026 Adjusted FFO per diluted share outlook is $0.58 to $0.62.
  • The Chamberlain West Hollywood Hotel is removed from Q2 through Q4 2026 Same-Property metrics but was included in Q1 2026.
  • Revised 2026 Same-Property Total Revenue variance vs. 2025 is projected between 3.1% & 5.0%.
  • Pebblebrook Hotel Trust currently owns 43 hotels totaling approximately 10,900 guest rooms across 13 markets.