Pebblebrook Hotel Trust Sells Hotel Zags for $10 Million

By Tamara Parker • Monday, October 12 16:04 • Permanent Link

Pebblebrook Hotel Trust said it completed the sale of Hotel Zags, a 174-room property in Portland, Oregon, for $10.0 million on Oct. 8, 2026.

The company said the hotel generated an estimated net operating loss of $0.8 million over the trailing 12 months ended Aug. 31, 2026, after an assumed annual capital reserve equal to 4.0% of total hotel revenue. Its estimated EBITDA for the same period was a loss of $0.6 million.

Pebblebrook said it plans to use the proceeds for general corporate purposes, including potential repurchases of common or preferred shares and other capital allocation priorities.

The company said the transaction is not expected to change its third-quarter 2026 outlook. It will reflect the sale in fourth-quarter results and in its updated full-year 2026 outlook. Today the company's shares have moved 0.74% to a price of $19.12. For the full picture, make sure to review Pebblebrook Hotel Trust's 8-K report.

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