Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Pebblebrook Hotel Trust | w83642e8vk.htm |
| EX-3.1 - EX-3.1 - Pebblebrook Hotel Trust | w83642exv3w1.htm |
News Release
Pebblebrook Hotel Trust Issues Additional 7.875% Series A Cumulative Redeemable
Preferred Shares
Preferred Shares
BETHESDA, MD, JULY 12, 2011 — Pebblebrook Hotel Trust (NYSE: PEB) (the
“Company”) today announced it has sold 600,000 shares of its 7.875% Series A Cumulative Redeemable
Preferred Shares (“Series A Preferred Shares”) directly to CBRE Clarion Securities LLC at a price
of $25.25 per share. The 600,000 shares represent additional Series A Preferred Shares having the
same rights, terms and preferences as the 5,000,000 Series A Preferred Shares initially issued by
the Company in an underwritten public offering in March 2011.
The Company will contribute the net proceeds from the sale of the shares to its operating
partnership. The operating partnership will use the net proceeds for general corporate purposes,
which may include acquiring and investing in hotel properties in accordance with the Company’s
investment strategy and reducing the Company’s debt.
This press release shall not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust is a publicly traded real estate investment trust (“REIT”) organized
to opportunistically acquire and invest primarily in upper-upscale, full-service hotels located in
large urban and resort markets with an emphasis on the major coastal cities. The Company owns 14
hotels, totaling 3,813 guest rooms, in eight states and the District of Columbia, including 13
markets: Bethesda, Maryland; San Francisco, California; Buckhead, Georgia; Washington, D.C.;
Minneapolis, Minnesota; Stevenson, Washington; Santa Monica, California; Philadelphia,
Pennsylvania; San Diego, California; Seattle, Washington; West Hollywood, California; Miami,
Florida; and Boston, Massachusetts.
This press release contains certain “forward-looking” statements within the meaning of the
Private Securities Litigation Reform Act of 1995 and other federal securities laws. These
forward-looking statements are based upon the Company’s expectations, but these statements are not
guaranteed to occur. Investors should not place undue reliance upon forward-looking statements.
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Contact:
Raymond D. Martz, Chief Financial Officer, Pebblebrook Hotel Trust — (240) 507-1330
For additional information or to receive press releases via email, please visit our website at
www.pebblebrookhotels.com
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