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Business travel has been a persistent sore spot for hotels and airlines throughout the pandemic. However, Baird is now betting that the trend is beginning to turn as travel emerges from a long COVID-induced winter. “Large technology, financial services firms have begun their return to ...
U.S. equity markets declined for a fourth-straight week as lukewarm earnings results from mega-cap technology companies and downbeat economic data- including a GDP contraction- raised further concerns about emerging stagflation. Logging its worst month since the depths of the pandemic...
We're approaching the halfway point of another newsworthy real estate earnings season with over 50 REITs representing 50% of the total market capitalization having reported results. Among the 40 REITs that provided full-year FFO guidance, 30 REITs (75%) raised their outlook- well abov...
SAN FRANCISCO, April 28, 2022 (GLOBE NEWSWIRE) -- Canary Technologies , which is modernizing the hotel tech stack with the first fully mobile web end-to-end Guest Management System and its award-winning Digital Authorizations solution, announced today that it has been selected as a ...
Pebblebrook Hotel Trust (PEB) Q1 2022 Earnings Conference Call April 27, 2022, 09:00 AM ET Company Participants Jon Bortz - Chairman and CEO Raymond Martz - CFO Conference Call Participants Neil Malkin - Capital One Securities Shaun Kelley - Bank of America Dori Kesten - Wells Fargo Bill Crow...
Pebblebrook Hotel press release (NYSE:PEB): Q1 Revenue of $258.07M (+208.5% Y/Y). Q2 2022 Guidance: Net income: $18.5 to $28.5 million Same-Property RevPAR var: (8%) to (10%) vs. 2019; +96.8% to +101.2% vs. 2021 Adjusted EBITDAre: $107.5 to $117.5 million Adjusted FFO per dilut...
Pebblebrook Hotel Trust (NYSE: PEB): (1) See tables later in this press release for a description of Same-Property information and reconciliations from net income (loss) to non-GAAP financial measures used in the table above and elsewhere in this press release. First Q...
Pebblebrook Hotel (NYSE:PEB) is scheduled to announce Q1 earnings results on Tuesday, April 26th, after market close. The consensus FFO Estimate is -$0.03 and the consensus Revenue Estimate is $238.33M (+184.93%). Over the last 2 years, PEB has beaten FFO estimates 25% of the time a...
Pebblebrook Hotel Trust (NYSE:PEB) agreed to acquire Inn on Fifth, a AAA four diamond hotel, in Naples, Florida, for $156.0M, adding to the REIT's presence in South Florida, the company announced on Thursday. Based on estimated February 2022 trailing twelve-month performance, the hotel g...
Pebblebrook Hotel Trust (NYSE:PEB) is planning an acquisition of Inn on Fifth in Naples, Florida, for $156.0M. PEB intends to fund the acquisition with ~$78.0M of cash. The acquisition, subject to customary closing conditions, is expected to complete by Q2-end. Noble House Hotels &a...
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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...