Pebblebrook sells The Chamberlain West Hollywood for $43.5M; updates 2026 outlook

Pebblebrook Hotel Trust

Sold 115-room Chamberlain West Hollywood Hotel for $43.5M (14.5x EBITDA, 5.9% cap rate) on May 27, 2026.
Accepted $33.7M liquidation preference of preferred shares as partial consideration, retiring them at a 23% discount ($26.1M value).
Since late 2025: reduced debt by ~$160M, retired $47M preferred at avg 23% discount, repurchased $62M common (5.4M shares at $11.51 avg).
Full-year 2026 Adjusted EBITDA re lowered $1.5M to $334.5-$346.5M; AFFO per share unchanged at $1.60-$1.70.

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