Pebblebrook Hotel Trust Reports 2023 Results and Provides 2024 Outlook
1 Hotel San Francisco is excluded from Jan-Jun since it was closed in the first half of 2022 for redevelopment and reflagging.
- 1 Hotel San Francisco is excluded from Jan-Jun since it was closed in the first half of 2022 for redevelopment and reflagging.
- Hotel Zoe Fisherman’s Wharf is included in Jan-Sep only due to its subsequent sale.
- “This momentum underscores strong urban recovery trends, which we anticipate will continue in 2024, barring any major negative movement in the economy.
- However, the Company anticipates recognizing $11 million in business interruption proceeds in 2024, which is reflected in the Company’s full-year outlook.