Pebblebrook Hotel Trust · Bethesda, MD United States ·(NYSE: Undetermined)
Company Description
View Pebblebrook Hotel Trust Locations On A US Map
This link will open in a new window
This link will open in a new window Pebblebrook Hotel Trust wants the term staycation to take a vacation. The self-managed real estate investment trust (REIT) formed in 2009 to invest in hotels in US coastal cities, at a time when many hospitality companies could use the extra cash. Pebblebrook plans to buy full-service and select-service luxury properties that don't need a major renovation. It filed an initial public offering (IPO) to raise about $400 million in October 2009 but doesn't yet have any properties in its portfolio. As a REIT, Pebblebrook will not operate its hotels; they will be leased and managed by contractors. Pebblebrook Hotel Trust is the brainchild of Jon Bortz, who had similar luck as the founder of LaSalle Hotel Properties .
To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Pebblebrook Hotel Trust Financials
| Company Type | - NYSE: Undetermined |
Competition
Competitive Landscape for Pebblebrook Hotel Trust
Business and tourist travel drive demand. Both are affected by the strength of the economy. The profitability of individual companies depends on efficient operations, because many costs are fixed, and on effective marketing. Large companies have advantages in economies of scale in operations, can more easily raise capital, and have strong name recognition. Small companies, such as boutique hotels, can compete effectively in favorable locations and by providing specialty services. A hotel business requires large amounts of capital, but operations are labor-intensive: average annual revenue per employee is around $80,000. To read the full description, subscribe now.Top Pebblebrook Hotel Trust Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!