Posted 2/25/2013 - 12:47:25 AM
BETHESDA, MD–Pebblebrook Hotel Trust fourth quarter 2012 RevPAR increased 5.8%, compared to the same period last year.
For the full-year 2012, the REIT saw RevPAR climb 8.1%. For the year, ADR grew 3.8%, while occupancy improved 4.2% to 81.3%. The full-year RevPAR results execeed the performance of the industry as a whole. Pebblebrook 's management attributed the strong performance to sticking to its strategy of investing primarily in strong urban markets in major gateway cities like San Francisco. The REIT now owns 26 hotels in 16 markets across the country.