New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 12, 2013
06:43 EDTPEBPebblebrook Hotel coverage resumed with a Neutral at Janney Capital
Target $24.
News For PEB From The Last 14 Days
Check below for free stories on PEB the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 24, 2014
16:26 EDTPEBPebblebrook Hotel sees FY14 FFO p/s $1.87-$1.93, consensus $1.90
Subscribe for More Information
16:25 EDTPEBPebblebrook Hotel reports Q EPS 56c, consensus 54c
Reports Q2 revenue $147.5M, consensus $152.34M.
July 23, 2014
08:41 EDTPEBPebblebrook Hotel initiated with a Neutral at ISI Group
Subscribe for More Information
July 17, 2014
16:30 EDTPEBPebblebrook Hotel acquires the Nines Hotel in Portland, Oregon for $127M
Pebblebrook Hotel has acquired The Nines Hotel for $127.0M, a 331-room luxury hotel located in downtown Portland, Oregon. The company acquired a fee simple condominium interest in The Nines Hotel. During the next 12 months, the Company currently forecasts that the hotel will generate EBITDA of $12.0M-$12.6M and net operating income after capital reserves of $10.4M-$11.0M. In conjunction with the acquisition, the company is assuming three secured, non-recourse loans totaling $50.7M, which are subject to a weighted average interest rate of 7.4%. Each of the loans matures on March 5, 2015. The company expects to invest $6.0M-$8.0M of capital to refresh the guestrooms and public areas, which it anticipates commencing in Q15. The company expects to incur approximately $0.8M of costs related to the acquisition of the hotel that will be expensed as incurred.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use