Market Overview

Pebblebrook Hotel Trust Declares Prorated Dividend for Fourth Quarter 2018


Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced that
in anticipation of its pending merger with LaSalle Hotel Properties
(NYSE:LHO) ("LaSalle"), its Board of Trustees has authorized, and the
Company has declared, a prorated cash dividend of $0.2478261 per common
share of beneficial interest, to be paid on January 15, 2019 to
shareholders of record as of November 29, 2018 (the "Record Date").

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust is a publicly traded real estate investment
trust ("REIT") organized to opportunistically acquire and invest
primarily in upper upscale, full-service hotels located in urban markets
in major gateway cities. The Company owns 28 hotels, with a total of
6,973 guest rooms. The Company owns hotels located in 9 states and the
District of Columbia, including: Los Angeles, California (Beverly Hills,
Santa Monica and West Hollywood); San Diego, California; San Francisco,
California; Washington, DC; Coral Gables, Florida; Naples, Florida;
Buckhead, Georgia; Boston, Massachusetts; Minneapolis, Minnesota;
Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee;
Columbia River Gorge, Washington; and Seattle, Washington. For more
information, please visit us at
and follow us on Twitter at @PebblebrookPEB.

This press release contains statements that are "forward-looking
statements" within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Act of 1934, as
amended, pursuant to the safe harbor provisions of the Private
Securities Reform Act of 1995.
Forward-looking statements are
generally identifiable by use of forward-looking terminology such as
"may," "will" or other similar words or expressions.
forward-looking statements relate to the payment of the dividends.
statements are based on certain assumptions and can include future
expectations, future plans and strategies, financial and operating
projections or other forward-looking information.
forward-looking statements are subject to various risks and
uncertainties, not all of which are known to the Company and many of
which are beyond the Company's control, which could cause actual results
to differ materially from such statements.
These risks and
uncertainties include, but are not limited to, the state of the U.S.
economy, supply and demand in the hotel industry and other factors as
are described in greater detail in the Company's filings with the
Securities and Exchange Commission ("SEC"), including, without
limitation, the Company's Annual Report on Form 10-K for the year ended
December 31, 2017.
Unless legally required, the Company disclaims
any obligation to update any forward-looking statements, whether as a
result of new information, future events or otherwise.

For information about the Company's business and financial results,
please refer to the "Management's Discussion and Analysis of Financial
Condition and Results of Operations" and "Risk Factors" sections of the
Company's SEC filings, including, but not limited to, its Annual Report
on Form 10-K and Quarterly Reports on Form 10-Q, copies of which may be
obtained at the Investor Relations section of the Company's website at
and at

All information in this release is as of November 19, 2018. The
Company undertakes no duty to update the statements in this release to
conform the statements to actual results or changes in the Company's

For additional information or to receive press releases via email,
please visit our website at

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