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Pebblebrook Hotel reports Q4 AFFO 21c, consensus 15c
The Fly

Pebblebrook Hotel reports Q4 AFFO 21c, consensus 15c

Reports Q4 revenue $334.09M vs $319.606M last year. Jon E. Bortz, Chairman and Chief Executive Officer of Pebblebrook Hotel Trust, said,””In 2023, we benefited from a significant resurgence in urban demand across our portfolio, particularly in San Francisco, Washington, D.C., and Chicago. A steady recovery in business transient and group travel, combined with increased weekend leisure demand, fueled this upward trend in our urban markets. Our resorts continued to gain occupancy due to increased business group demand, partially offsetting the moderation in average daily room rates as leisure travel normalized. “

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