Pebblebrook Hotel Trust (NYSE:PEB) is an internally managed hotel investment company. It operates as a real estate investment trust (REIT). The trust is organized to acquire and invest in hotel properties. Target properties are "upper upscale," full-service hotels in United States cities, with an emphasis on large coastal cities. These markets have high barriers to entry and a robust recovery in room demand as the economy improves. Pebblebrook's market cap is just under $2 billion.
The company went public in late 2009 and was founded by Jon Bortz, formerly the CEO of LaSalle Hotel Properties. Under Bortz's leadership, LaSalle also focused on luxury, full-service hotels in urban, convention markets. Bortz has taken his hotel experience and connections and...
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