Attached files
file | filename |
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8-K - FORM 8-K - Pebblebrook Hotel Trust | w84372e8vk.htm |
EX-1.1 - EX-1.1 - Pebblebrook Hotel Trust | w84372exv1w1.htm |
EX-8.1 - EX-8.1 - Pebblebrook Hotel Trust | w84372exv8w1.htm |
EX-5.1 - EX-5.1 - Pebblebrook Hotel Trust | w84372exv5w1.htm |
EX-99.1 - EX-99.1 - Pebblebrook Hotel Trust | w84372exv99w1.htm |
Exhibit 99.2
2 Bethesda Metro Center, Suite 1530, Bethesda, MD 20814 T: (240) 507-1300, F: (240) 396-5626 |
News Release
Pebblebrook Hotel Trust Declares Dividends For the Third Quarter 2011
Bethesda, MD, September 15, 2011 Pebblebrook Hotel Trust (NYSE:
PEB) (the Company) today announced that its Board of Trustees has declared a quarterly cash
dividend of $0.12 per common share of beneficial interest, to be paid on October 17, 2011 to
shareholders of record as of September 30, 2011. The common dividend represents an annualized
yield of approximately 3.3% based on the closing price of the common shares on September 14, 2011.
The Board of Trustees also authorized, and the Company has declared, a quarterly cash dividend
of $0.4921875 per share of the Companys 7.875% Series A Cumulative Redeemable Preferred Shares of
Beneficial Interest, to be paid on October 17, 2011 to shareholders of record as of September 30,
2011.
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 20
hotels, comprised of 14 wholly-owned hotels, with a total of 3,812 guest rooms and a 49% joint
venture interest in 6 hotels with 1,730 guest rooms. The Company owns, or has an ownership
interest in, hotels located in nine states and the District of Columbia, including 14 markets:
Bethesda, Maryland; San Francisco, California; Buckhead, Georgia; Washington, DC; Minneapolis,
Minnesota; Stevenson, Washington; Santa Monica, California; Philadelphia, Pennsylvania; San Diego,
California; Seattle, Washington; West Hollywood, California; Miami, Florida; Boston, Massachusetts;
and New York, New York. For more information, please visit www.pebblebrookhotels.com.
This press release contains statements that are forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Reform
Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking
terminology such as may, will, should, potential, intend, expect, seek, anticipate,
estimate, approximately, believe, could, project, predict, forecast, continue,
plan or other similar words or expressions. These forward-looking statements relate to the
payment of the dividends. Forward-looking statements are based on certain assumptions and can
include future expectations, future plans and strategies, financial and operating projections or
other forward-looking information. These forward-looking statements are subject to various risks
and uncertainties, not all of which are known to the Company and many of which are beyond the
Companys control, which could cause actual results to differ materially from such statements.
These risks and uncertainties include, but are not limited to, the state of the U.S. economy,
supply and demand in the hotel industry and other factors as are described in greater detail in the
Companys filings with the Securities and Exchange Commission (SEC), including, without
limitation, the Companys Annual Report on Form 10-K for the year ended December 31, 2010. Unless
legally required, the Company disclaims any obligation to update any forward-looking statements,
whether as a result of new information, future events or otherwise.
For information about the Companys business and financial results, please refer to the
Managements Discussion and Analysis of Financial Condition and Results of Operations and Risk
Factors sections of the Companys SEC filings, including, but not limited to, its Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q, copies of which may be obtained at the Investor
Relations section of the Companys website at www.pebblebrookhotels.com and at www.sec.gov.
All information in this release is as of September 15, 2011. The Company undertakes no duty
to update the statements in this release to conform the statements to actual results or changes in
the Companys expectations.
###
Contact:
Raymond D. Martz, Chief Financial Officer, Pebblebrook Hotel Trust (240) 507-1330
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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