Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Pebblebrook Hotel Trust | w79774e8vk.htm |
| EX-10.1 - EX-10.1 - Pebblebrook Hotel Trust | w79774exv10w1.htm |
| EX-10.2 - EX-10.2 - Pebblebrook Hotel Trust | w79774exv10w2.htm |
| EX-10.4 - EX-10.4 - Pebblebrook Hotel Trust | w79774exv10w4.htm |
| EX-10.5 - EX-10.5 - Pebblebrook Hotel Trust | w79774exv10w5.htm |
| EX-10.3 - EX-10.3 - Pebblebrook Hotel Trust | w79774exv10w3.htm |
| EX-99.1 - EX-99.1 - Pebblebrook Hotel Trust | w79774exv99w1.htm |
Exhibit 99.2
| monacowashington dc washington, dcProertyInformation: p yAcquisition Price: $74.0M ($404K per room)Location: East End of DowntownHistoric Performance and Washington, DC Acquired: September 9, 2010 Rooms: 183 Estimated Discount to Replacement 25% Type: Luxury, Full-Service 2009 Occupancy: 80% Built: 18392009 ADR: $257 Last Renovated: Converted to a hotel in 2002, Soft goods in 2008 Forward 12-Month Cap Rate (Projected) (1) : 6.1% -6. Property Amenities: (1) Based on previously disclosedfter capital reserves forecasted net 183luxuriously appointedguestrooms appointedguestrooms (7 th Street, Washington, DC) (Poste Restaurant) (Guest Room) (Poste Entrance)-Classic original vaulted ceilings or segmented arch ceilings 7,000 square feet of elegant meeting space across three rooms Poste Moderne Brasserie -174-seat restaurant and bar -Historic carriage-way access and separate entrance off 8 thStreet Off-site valet parking Business center Fitness center Room Service Competitive Set:Market Highlights: Map YearHotelsMarket Overview: Marker RoomsOpened Washington, D.C. is the ninth-largest country with Monaco metropolitan area in the Washington, DC over 5.3 million people InterContinental rd Washington Willa 1 333 Highly educated array of top-tier population institutions with educational The Jefferson 2 99 including GeorgetownUniversity,GeorgeWashingtonUniversity,Howard GeorgetownUniversity GeorgeWashingtonUniversity Loews Madison Hotel Howard 3 University and American University Marriott Washington at Metro Center Excellent transportation infrastructure, nal airports and Kimpton with three internatio The Hotel George 5 efficient public that includes transportation raveled the second-most t Sofitel Washington DC 6 subway system in the United States Total (excluding the Hotel Monaco) The Washington metropolitan area ate has the lowest unemployment r in the top *49 MSAs Demand Generators: The Federal Government -The Federal gingper diem helps gp lod p drive demand while creating a floor on the region’s average daily rate Travel and Tourism 2 3-National Mall -White House -U.S. Capitol -Supreme Court -Museums -National Zoo -National Archives -Rock Creek Park 6 The Verizon Center 4 Six professional sports teams Threeinternational airports airports 1(E ntrance) t ) 5-All easily accessible from downtown Washington, D.C. Gateway city with a transient population Walter E. Washington Convention Center More than 40 performing arts venues with over 31,000 seats(Exterior)Operating Performance Market Data: Washington, DC CBDADR (( $$ )) RevPAR ($) ($) Occupancy (%) (%) $2102000-2009 ADR CAGR: 3.2% 2009 RevPAR 2000- R: CAG 3.2% 75% Investment Highlights: $190 73%Strengths Opportunities) $170 Market Leader Limited $ 71%($ 150 (%) Superior Downtown Location in 69% Irreplaceable Asset and Registered $130 67% National Landmark Asset $110 High-Quality Physical Condition$90 65% Attractive Cash Yield Off — Mar ketTransaction tT ti Assumable Existing DebtSource: Smith Travel Research Significant Discount to ReplacementThis summary information sheet contains g” statements relating to, among certain “forward-lookin hotel net operating income after other things, hotel EBITDA looking statements made are based and capital reserves. The forward assumptions and expectations of account all information currently future performance, taking ts could differ materially from into available to us. Actual resul made on this summary information sheet the forward-looking statements words “projected,” “expected,” expressions, we are identifying and “estimated” or other similar forward-looking statements on forward-looking statements. e subject to the safe harbor of the this The summary information sheet ar Litigation Reform Act of 1995.All as of September 9, 2010. information on this We undertake no duty sheet ormation to conform to actual is to update the tions. For additional information, results inf o r changes in our expecta www.pebblebrookhotels.com. * As of July; Top 49 MSA’s are opulation largest of 1 millionMSA |