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Pebblebrook Hotel ( (PEB) ) has issued an update.
Pebblebrook Hotel Trust announced that Hurricane Helene impacted several of its resorts, but post-storm assessments suggest the repair costs will not be significant due to insurance coverage. While the 189-room LaPlaya Resort in Naples, Florida, is partially closed for repairs, its main buildings and dining venues remain open. The Jekyll Island Club Resort in Georgia experienced only minor damage and is operating normally. The company’s other southern Florida resorts are fully operational, and overall, the financial impact is expected to be mitigated by insurance proceeds. CEO Jon Bortz expressed gratitude to the staff for protecting guests and minimizing damage, and pledged updates on potential business interruptions and property damage costs.
Learn more about PEB stock on TipRanks’ Stock Analysis page.
