Pebblebrook Hotel Trust Announces Public Offering of Common SharesBETHESDA, 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....http://phoenix.corporate-ir.net/phoenix.zhtml?c=233964&p...
RHinCT,Good eye. I actually just had lunch with Pebblebrook's CFO today and we chatted about the details and thoughts behind the secondary offering and the company's financing strategy in general. Stay tuned for my thoughts and notes.Cheers,Alex
I await your thoughts and notes with interest. In the meanwhile, over the last couple of days Pebblebrook has announced completion of two more purchases (San Diego and Seattle), with one more (Boston, dependent on bankruptcy court approval) still pending.
Await no longer: http://bit.ly/gAswQI
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