Pebblebrook completes $10M sale of 174-room Hotel Zags in Portland; asset had TTM net operating loss of $0.8M

Pebblebrook Hotel Trust

Sold The Hotel Zags, a 174-room hotel in Portland, Oregon, to a third party for $10.0 million; transaction closed October 8, 2026.
For the trailing twelve months ended August 31, 2026, the hotel's estimated net operating loss was ($0.8) million and EBITDA was ($0.6) million, after an assumed 4.0% capital reserve.
Proceeds to be used for general corporate purposes, including opportunistic repurchases of Pebblebrook common or preferred shares and other capital allocation priorities.
Sale is not expected to affect the third quarter 2026 Outlook issued July 29, 2026; the company will reflect it in its fourth quarter and updated full-year 2026 Outlook.

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