Current Report Filing (8-k)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): August 2, 2022
PEBBLEBROOK HOTEL TRUST
(Exact name of registrant as specified in its charter)
|Maryland|| ||001-34571|| ||27-1055421|
|(State or other jurisdiction|| ||(Commission|| ||(I.R.S. Employer|
|of incorporation)|| ||File Number)|| ||Identification No.)|
4747 Bethesda Avenue, Suite 1100, Bethesda, Maryland
|(Address of principal executive offices)||(Zip Code)|
Registrant’s telephone number, including area code: (240) 507-1300
|Former name or former address, if changed since last report|
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|Securities registered pursuant to Section 12(b) of the Act:|
|Title of each class||Trading Symbol(s)||Name of each exchange on which registered|
|Common Shares, $0.01 par value per share||PEB||New York Stock Exchange|
|Series E Cumulative Redeemable Preferred Shares, $0.01 par value||PEB-PE||New York Stock Exchange|
|Series F Cumulative Redeemable Preferred Shares, $0.01 par value||PEB-PF||New York Stock Exchange|
|Series G Cumulative Redeemable Preferred Shares, $0.01 par value||PEB-PG||New York Stock Exchange|
|Series H Cumulative Redeemable Preferred Shares, $0.01 par value||PEB-PH||New York Stock Exchange|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD Disclosure.
Pebblebrook Hotel Trust (the "Company") issued a press release on August 3, 2022, announcing that on August 2, 2022, it closed on the sale of the 306-room Sofitel Philadelphia at Rittenhouse Square, located in Philadelphia, PA, for $80.0 million to a third party.
A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference herein.
Item 8.01. Other Events.
On August 2, 2022, the Company closed on the sale of the 306-room Sofitel Philadelphia at Rittenhouse Square, located in Philadelphia, PA, for $80.0 million to a third party. Proceeds from the sale will be used for general corporate purposes and reducing the Company's outstanding debt borrowings associated with recent hotel acquisitions, in accordance with the Company's investment strategy.
This Current Report on Form 8-K contains certain “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements are generally identifiable by the use of forward-looking terminology such as “estimated” and “will” or other similar words or expressions. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections and forecasts and other forward-looking information and estimates. The intended use of proceeds from the disposition is an example of a forward-looking statement. Forward-looking statements are subject to various risks and uncertainties, many of which are beyond the Company’s 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, the operating performance of our hotels and the demand for hotel properties, and other factors as are described in greater detail in the Company’s filings with the Securities and Exchange Commission, including, without limitation, the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. 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.
Item 9.01. Financial Statements and Exhibits.
|Exhibit No.|| ||Description|
Press release, issued August 3, 2022, announcing the sale of Sofitel Philadelphia at Rittenhouse Square in Philadelphia, PA
|104||Cover Page Interactive Data File (embedded within the Inline XBRL document)|
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ||PEBBLEBROOK HOTEL TRUST |
| || |
|August 3, 2022||By: ||/s/ Raymond D. Martz|
| ||Name: ||Raymond D. Martz|
| || ||Title: ||Executive Vice President, Chief Financial Officer, Treasurer and Secretary|
Pebblebrook Hotel (NYSE:PEB-F)
Historical Stock Chart
Von Nov 2023 bis Dez 2023
Pebblebrook Hotel (NYSE:PEB-F)
Historical Stock Chart
Von Dez 2022 bis Dez 2023
Echtzeit-Nachrichten über Pebblebrook Hotel Trust (New York Börse): 0 Nachrichtenartikel
Weitere Pebblebrook Hotel Trust News-Artikel