Pebblebrook Hotel Trust Closes $10 Million Sale of The Hotel Zags

MT newswire2026/10/09 11:54

07:54 AM EDT, 10/09/2026 (MT Newswires) -- Pebblebrook Hotel Trust (PEB) said Friday that it has closed the $10 million sale of The Hotel Zags, a 174-room hotel in Portland, Oregon to an unnamed party. The company said it will use the proceeds for general corporate purposes, including repurchasing the company's common or preferred shares, and supporting other capital allocation priorities intended to improve long-term shareholder value. Pebblebrook said it does not expect the sale to affect the Q3 outlook it issued on July 29, and that it will be reflected in its Q4 and updated full-year 2026 outlook when it reports Q3 results.

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