Pebblebrook completes $44.25M sale of Montrose at Beverly Hills; another $72M hotel under contract

Pebblebrook Hotel Trust

Sale of 133-room Montrose at Beverly Hills for $44.25M to third party.
Sales price implies 16.1x EBITDA multiple and 5.2% NOI cap rate (4% capital reserve).
Proceeds to be used for debt reduction, share repurchases, and other capital allocation.
Transaction does not affect Q4 or full-year 2025 outlook issued Nov 5.
Company has one other hotel under contract at $72.0M, expected to close in Q4.

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