Pebblebrook Hotel Trust Declares Dividends for the First Quarter 2013 and Increases Common Dividend by 33 Percent

BETHESDA, Md.–(BUSINESS WIRE)– Pebblebrook Hotel Trust (NYS: PEB) (the “Company”) today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.16 per common share of beneficial interest, to be paid on April 15, 2013 to shareholders of record as of April 1, 2013 (the “Record Date“). The common dividend represents an increase of approximately 33% over the Company’s fourth quarter 2012 quarterly dividend and represents an annualized yield of approximately 2.6% based on the closing price of the common shares on March 14, 2013.

The Board of Trustees also authorized, and the Company has declared, a regular quarterly cash dividend of $0.4921875 per share of the Company’s 7.875% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest, a regular quarterly cash dividend of $0.50 per share of the Company’s 8.00% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest, and a cash dividend for the partial quarterly period of $0.121875 per share of the Company’s new 6.50% Series C Cumulative Redeemable Preferred Shares of Beneficial Interest, each of which will be paid on April 15, 2013 to shareholders of record as of the Record Date.

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 urban markets in major gateway cities. The Company owns 26 hotels, including 20 wholly owned hotels with a total of 4,960 guest rooms and a 49% joint venture interest in six hotels with a total of 1,733 guest rooms. The Company owns, or has an ownership interest in, hotels located in ten states and the District of Columbia, across 16 markets: Los Angeles, California; San Diego, California; San Francisco, California; Santa Monica, California; West Hollywood, California; Miami, Florida; Buckhead, Georgia; Bethesda, Maryland; Boston, Massachusetts; Minneapolis, Minnesota; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Columbia River Gorge, Washington; Seattle, Washington; and Washington, DC. 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 …read more
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