Pebblebrook Hotel Trust Completes $10.0 Million Sale of The Hotel Zags
Business Wire•09/10/2026•07:00 ET
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Key Highlights
- ➤Pebblebrook (PEB) completed The Hotel Zags sale for $10.0 million.
- ➤Hotel Zags posted trailing-twelve-month hotel EBITDA of ($0.6) million.
- ➤Hotel Zags recorded estimated trailing-twelve-month net operating loss of ($0.8) million.
- ➤Sale proceeds may fund share repurchases and other capital allocation priorities.
- ➤Transaction is not expected to affect Pebblebrook’s current third quarter 2026 Outlook.
Expert Statements
Raymond D. Martz, Co-President and Chief Financial Officer, Pebblebrook Hotel Trust
“Pebblebrook Hotel Trust”
Pebblebrook Hotel Trust Completes $10.0 Million Sale of The Hotel Zags
Pebblebrook Hotel Trust (NYSE: PEB) (the “Company” or “Pebblebrook”) announced today that on October 8, 2026, it completed the sale of The Hotel Zags, a 174-room hotel in Portland, Oregon, for $10.0 million to a third party.
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