Pebblebrook Hotel Trust Issues Additional 7.875% Series A Cumulative Redeemable Preferred Shares

Pebblebrook Hotel Trust

today announced it has sold 600,000 shares of its 7.875% Series A Cumulative Redeemable Preferred Shares directly to CBRE Clarion Securities LLC at a price of $25.25 per share. The 600,000 shares represent additional Series A Preferred Shares having the same rights, terms and preferences as the 5,000,000 Series A Preferred Shares initially issued by the Company in an underwritten public offering in March 2011. The Company will contribute the net proceeds from the sale of the shares to its operating partnership. The operating partnership will use the net proceeds for general corporate purposes, which may include acquiring and investing in hotel properties in accordance with the Company's investment strategy and reducing the Company's debt.