Pebblebrook sells Westin Michigan Avenue Chicago for $72M; updates 2025 outlook

Pebblebrook Hotel Trust

Closed sale of 752-room Westin Michigan Avenue Chicago on Dec 3, 2025 for $72M to a third party.
Trailing 12-month hotel EBITDA of $4.6M, NOI $2.5M; 15.6x EBITDA multiple, 3.5% NOI cap rate.
Proceeds intended for debt reduction (~$100M), preferred equity reduction (~$5M), and opportunistic share repurchases.
Updated 2025 outlook: Adjusted EBITDA narrowed to $332-341M from prior; Adjusted FFO per share unchanged at $1.50-$1.57.
Net debt to trailing 12-month corporate EBITDA reduced to approximately 5.9x after sales.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.