One thing we could say about the analysts on Pebblebrook Hotel Trust (NYSE:PEB) - they aren't optimistic, having just...
Pebblebrook Hotel (PEB) delivered FFO and revenue surprises of 18.18% and 5.87%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Pebblebrook Hotel Trust Announces Action Plan to Mitigate COVID-19 Impact
Pebblebrook Hotel Trust Schedules First Quarter 2020 Earnings Release and Conference Call
As the chief executive of one of the largest U.S. hotel ownership groups, Pebblebrook Hotel Trust CEO Jon Bortz has felt the dire coronavirus impact on travel demand. Pebblebrook has temporarily closed 46 of its 54 upscale hotels across the U.S., and its operators have furloughed most of the roughly 8,000 employees across Pebblebrook's entire […]
Pebblebrook Hotel Trust Declares Dividends for the First Quarter 2020
Pebblebrook Hotel Trust Executes Contract to Sell Union Station Hotel Nashville, Autograph Collection
Wall Street analysts recommend a moderate sell rating for them Continue reading...
Anyone researching Pebblebrook Hotel Trust (NYSE:PEB) might want to consider the historical volatility of the share...
Market forces rained on the parade of Pebblebrook Hotel Trust (NYSE:PEB) shareholders today, when the analysts...
Q1 2020 Pebblebrook Hotel Trust Earnings Call
Pebblebrook Hotel Trust Reports First Quarter 2020 Results
Greater Washington companies and businesses are in the tough position of laying off or furloughing employees as the regional economy has ground to a halt. Here are some that were made public, but we'll keep adding to this.
Hotels, airlines, and retail industry associations have warned that unless hundreds of billions of dollars in emergency funds are made available to combat the economic impact of the coronavirus, millions of workers will soon be laid off. A pop-up plea greets visitors to the website of the American Hotel and Lodging Association, begging them to ask the government to save the jobs of an industry that employs 4% of working Americans. In Portland, Oregon, Jason Dondero said he had already laid off about 80% of the roughly 40 people who worked at the restaurant he manages, the Seasons & Regions Seafood Grill, as it tries to survive on the takeout orders of customers sheltering from the pandemic.
On May 13, hotel real estate investment trusts (REITs) Pebblebrook Hotel Trust (NYSE: PEB), DiamondRock Hospitality Trust (NYSE: DRH), and Park Hotels & Resorts (NYSE: PK) all fell 10% or more in the first half of trading. Each of these three hotel REITs had a difficult first quarter, as efforts to contain the spread of COVID-19 had a swift and direct impact on the performance of their properties. In reality, the social distancing and non-essential business closures mandated by the government only impacted a part of the first quarter.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Park Hotels & Resorts has implemented a series of cost-cutting plans and contingencies to help offset the effects of the novel coronavirus, including suspending some operations and waiving the CEO’s salary for the current year. The Tysons hotel real estate investment trust outlined a variety of measures Monday, noting that it would cancel $130 million of its $200 million capital program planned for 2020 and suspend operations at some hotels while reducing operations at others. It will also temporarily suspend operations at restaurants and other outlets within hotels “where there is insufficient demand to sustain operations on a commercial basis,” the company said.
PEB earnings call for the period ending March 31, 2020.
The COVID-19 crisis has been brutal for hotel landlords. Even if the coronavirus wasn't predictable, the outcome was.
Pebblebrook Hotel Trust (NYSE: PEB) is drastically cutting back on expenses amid the novel coronavirus pandemic, suspending operations at 28 of its hotels and resorts as of Sunday. Most of the remaining 26 properties are anticipated to suspend operations by the end of the month. The company will keep some of its properties in operation during this time.