Pebblebrook Hotel Trust Sells Hotel Zoe Fisherman’s Wharf for $68.5M
November 24, 2023
☀️Trending News
Pebblebrook Hotel Trust ($NYSE:PEB) has announced the sale of its Hotel Zoe Fisherman’s Wharf located in San Francisco, California. The hotel was sold for a sum of $68.5 million. The company is a leading publicly-traded real estate investment trust (REIT) that specializes in acquiring and investing in upper upscale, full-service hotels located in urban markets in major gateway cities. The hotel sale is part of the company’s strategy to capitalize on its real estate market by selling off assets and reinvesting the funds in higher yielding properties. This allows Pebblebrook Hotel Trust to focus on its core business model and continue to grow its value for shareholders.
Additionally, the sale of Hotel Zoe Fisherman’s Wharf will reduce the company’s debt and help improve its financial flexibility. The sale of the hotel marks another success story for Pebblebrook Hotel Trust and further demonstrates its commitment to delivering value to its shareholders. With the sale of this hotel, the company will be able to focus more of its resources on acquiring and investing in higher yielding hotel properties that will bring higher returns for its investors.
Market Price
Following the news, the company’s stock opened at $12.7 and closed at $12.6, up by 1.2% from the prior closing price of 12.5. This marks the continuation of PEBBLEBROOK HOTEL TRUST’s strategy of optimizing its portfolio of assets in key markets across the U.S. by selling non-core assets and reinvesting the proceeds into core properties with higher yields. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PEB. More…
| Total Revenues | Net Income | Net Margin |
| 1.41k | -111.91 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PEB. More…
| Operations | Investing | Financing |
| 226.62 | 53.52 | -298.65 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PEB. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6k | 3.06k | 23.64 |
Key Ratios Snapshot
Some of the financial key ratios for PEB are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 3.9% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale has analyzed the financials of PEBBLEBROOK HOTEL TRUST using our Star Chart. According to the results, PEBBLEBROOK HOTEL TRUST is strong in asset and dividend, medium in growth, and weak in profitability. Based on this analysis, we classify PEBBLEBROOK HOTEL TRUST as a ‘cow’, a type of company that has a track record of paying out consistent and sustainable dividends. Given this analysis, PEBBLEBROOK HOTEL TRUST may be of interest to income-seeking investors who are looking for higher-yielding investments with lower risk. However, PEBBLEBROOK HOTEL TRUST has a low health score of 2/10, indicating that it is less likely to safely ride out any crisis without the risk of bankruptcy. Therefore, investors should be aware of the risk associated with this type of investment. More…
Peers
The company’s portfolio consists of over 60 hotels across the United States. Park Hotels & Resorts Inc, Summit Hotel Properties Inc, Braemar Hotels & Resorts Inc are all competitors in the hotel industry.
– Park Hotels & Resorts Inc ($NYSE:PK)
The company’s market cap is $2.75 billion as of 2022. The company owns and operates a portfolio of hotels and resorts in the United States and Canada. The company’s hotels and resorts are located in major metropolitan areas, including New York City, Los Angeles, San Francisco, Boston, Chicago, and Washington, D.C. The company also operates a number of smaller hotels and resorts in select markets, including Palm Springs, Florida, and Maui, Hawaii.
– Summit Hotel Properties Inc ($NYSE:INN)
Summit Hotel Properties, Inc. is a real estate investment trust. The Company owns, acquires, redevelops and repositions premium-branded select-service and extended-stay hotels in the United States. As of December 31, 2016, the Company’s portfolio included 69 hotels with approximately 10,700 guestrooms located in 27 states. The Company operates in the hotel industry segment. The Company’s primary business is to own and acquire premium-branded select-service and extended-stay hotels in the upscale and upper midscale segments of the United States lodging industry.
– Braemar Hotels & Resorts Inc ($NYSE:BHR)
With a market cap of 259.39M as of 2022, Braemar Hotels & Resorts Inc is a company that owns, operates, develops, and invests in hotels and resorts. The company’s portfolio includes properties in North America, Europe, Asia, and Australia.
Summary
Pebblebrook Hotel Trust is an equity REIT focused on acquiring and investing in upper upscale, full-service hotels located in urban markets in the United States. The company recently sold the Hotel Zoe Fisherman’s Wharf in San Francisco for a sale price of $68.5M; this furthers their strategy to strategically dispose of non-core assets. This portfolio also includes two hotels under development. With a focus on delivering growth and returns to shareholders, the company’s investment strategy is to acquire, invest in and asset-manage premium-branded, select-service and extended-stay hotel properties that are strategically located in key urban and resort markets.
Pebblebrook has achieved strong financial performance through solid revenue growth, increased occupancy levels, and strong operating margins. With a strong balance sheet and liquidity position, the company is well-positioned to successfully execute its strategies.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
