Scott Crowe
Growth, portfolio strategy, REITs, long-term horizon

Niche Approach Is Exactly The Place To Be In This Hotel Cycle - Why I Am Long Pebblebrook

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") focused on acquiring high-quality, full-service lodging properties in and around urban markets, specifically gateway cities, in the US. Unlike most of its peers, PEB is focused on owning independently branded and operated hotels.

PEB Portfolio Map (click to enlarge)

Source: Pebblebrook Hotel Trust corporate website, Aug 2014

We believe PEB's niche approach is exactly the place to be invested in this hotel cycle. Though their properties lean toward the upper upscale (Omni, Hilton, Kimpton), they appeal to today's discerning traveler who is seeking familiar amenities and services, but with a feel that is unique and special. In other words, a luxury experience without the...

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