secwatch.observer — SEC 8-K summary
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Issuer:     Pebblebrook Hotel Trust (PEB)
CIK:        0001474098
Form:       8-K
Filed at:   2026-05-28T20:07:43+00:00
Accession:  0001474098-26-000042
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474098/000147409826000042/0001474098-26-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474098/000147409826000042/peb-20260527.htm
  HTML page:      https://secwatch.observer/filing/0001474098-26-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer