Niche Approach Is Exactly The Place To Be In This Hotel Cycle - Why I Am Long Pebblebrook
- PEB offers today's discerning traveler a luxury experience without luxury pricing.
- Thanks to leadership, PEB has experienced an average of almost 15% annual share price growth since inception.
- PEB has been able to acquire properties at 20-60% below replacement cost in supply-constrained markets.
- By optimizing operations, PEB has driven down its expense margin and grown EBITDA in excess of its peer set, with room still to improve.
- Over the long run, PEB will continue to produce significant NAV growth.