{"schema_version":"secwatch.filing_event.v1","accession":"0001474098-25-000146","form_type":"8-K","ticker":"PEB","cik":"0001474098","company_name":"Pebblebrook Hotel Trust","filed_at":"2025-12-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.480118+00:00","generated_at":"2026-05-16T14:37:38.708005+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Pebblebrook sells Westin Michigan Avenue Chicago for $72M; updates 2025 outlook","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001474098-25-000146","json":"https://secwatch.observer/filing/0001474098-25-000146.json","markdown":"https://secwatch.observer/filing/0001474098-25-000146.md","text":"https://secwatch.observer/filing/0001474098-25-000146.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1474098/000147409825000146/0001474098-25-000146-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1474098/000147409825000146/peb-20251203.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T14:37:38.708005+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}