NYSE:PEBHotel and Resort REITs
Pebblebrook Hotel Trust Refinancing Resets Debt Timeline And Liquidity Options
Pebblebrook Hotel Trust (NYSE:PEB) recently completed a $450 million senior unsecured term loan.
The company used part of the proceeds to repay certain mortgages and address near term debt maturities.
Management also restored full capacity on its revolving credit facility, increasing available liquidity.
Pebblebrook Hotel Trust, trading at $12.24, has had mixed share performance, with a 6.0% return year to date and a 4.6% return over the past year, but weaker 3 year and 5 year returns of...