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Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that on July 21, 2021, it priced an underwritten public offering of 10,000,000 of its 5.700% Series H Cumulative Redeemable Preferred Shares (the “Shares”) at a public offering price of $25.0...
U.S. equity markets retreated from record highs this past week, pressured by renewed COVID concerns and hotter-than-expected inflation data showing the fastest rise in consumer and producer prices in decades. The S&P 500 declined by 1.0% on the week while Mid-Caps and Small-Caps s...
Pebblebrook Hotel Trust (NYSE:PEB) (the “Company”) today provided an update on recent operating trends, which continue to improve each week. The Company expects to achieve positive Adjusted EBITDA re in the second quarter of 2021 and positive Adjusted Funds from Operat...
Klaus Vedfelt/DigitalVision via Getty Images Shares of Park Hotels (([[PK]] +1.0%)) rise as Deutsche Bank analyst Chris Woronka upgrades from Hold to Buy on the basis that its portfolio is of higher quality and key revenue per available room data is improving, even as shares have dipped about...
U.S. equity markets were mixed on a volatile holiday-shortened trading week as renewed concerns over the spread of COVID variants and downbeat economic data pulled global sovereign yields to five-month lows. Climbing for the third-straight week and closing at record highs, t...
While concerns over the COVID-19 Delta variant and its potential to slow the recovery put pressure on the major U.S. stock averages, and retail stocks in particular, investors don't seem as worried over mall and hotel REITs.The big mall operators are mostly in the green: Simon Property G...
U.S. equity markets were mixed this past week as better-than-expected housing market data and "Goldilocks" employment data were offset by ongoing COVID concerns abroad over the "Delta" variant. Setting fresh record highs on seven straight days - the longest streak since 1997 - the S&a...
Curator Hotel & Resort Collection selects Sabre technology to help members boost guest loyalty and increase revenue Curator Hotel & Resort Collection selects Sabre technology to help members boost guest loyalty and increase revenue PR Newswire BETHESDA, Md....
Fueled by vaccines and fiscal firepower, the United States has emerged as the clear global leader of the post-pandemic economic recovery, powering a robust recovery in domestic leisure travel. TSA data showed that domestic travel has recovered to 75% of pre-pandemic levels after botto...
U.S. equity markets rebounded following the worst week since February on promises of bipartisan progress on a significantly slimmed-down infrastructure package, reflecting concern that additional stimulus could further inflame inflation. Delivering its best week since February and clo...
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Pebblebrook Hotel Trust (NYSE: PEB): “Second quarter demand was in line with our expectations, with healthy business group, transient and leisure boosting the urban markets, and strong weekday and weekend demand positively affecting our resort portfolio. Our recently redeveloped and re...
Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that four of its high quality, upper-upscale and luxury hotels and resorts, were featured in Travel + Leisure’s 2024 World’s Best Awards, winning five awards in total. “We’re extremel...
2024-07-03 18:44:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...