The Motley Fool Discussion Boards

Previous Page

Real-Money Stock Picks / Young Gun Portfolio


Subject:  A different Pebblebrook Public Offering Date:  3/31/2011  4:27 PM
Author:  RHinCT Number:  157 of 175

Pebblebrook Hotel Trust Announces Public Offering of Common Shares

BETHESDA, Md., Mar 31, 2011 (BUSINESS WIRE) --

Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today announced the commencement of a public offering of 8,000,000 common shares of beneficial interest, par value $0.01 per share. The Company intends to grant the underwriters of the offering a 30-day option to purchase up to an additional 1,200,000 common shares to cover overallotments, if any. The common shares will be offered pursuant to the Company's effective registration statement that was previously filed with the Securities and Exchange Commission.

The Company will contribute the net proceeds of the offering to its operating partnership, which will use the net proceeds to acquire and invest in hotel properties in accordance with the Company's investment strategy and for general business purposes....
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us