Market News / Story
Pebbelbrook Sells Zags, Shares Up
BayStreet ·
BayStreet reports: Pebblebrook Hotel Trust announced today that on October 8, it completed the sale of The Hotel Zags, a 174-room hotel in Portland, Oregon, for $10.0 million to a third party. For the trailing 12 months ended August 31, 2026, the hotel’s estimated net operating loss was ($0.8) million, after an assumed annual capital reserve of 4.0% of total hotel revenues, and its estimated hotel earnings before interest, taxes, depreciation, and amortization (“EBITDA”) was ($0.6) million.…