Company: PEB
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001474098-25-000070
Chunk: 31

Company: Pebblebrook Hotel Trust
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 31
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 ground rent4,186 4,006 Total ground rent$8,996 $8,802 LitigationThe nature of the operations of hotels exposes the Company's hotels, the Company and the Operating Partnership to the risk of claims and litigation in the normal course of their business. The Company has insurance to cover certain potential material losses. The Company is not presently subject to any material litigation nor, to the Company’s knowledge, is any material litigation threatened against the Company.

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Note 12. Supplemental Information to Statements of Cash Flows (in thousands)

 For the three months ended March 31, 20252024Interest paid, net of capitalized interest$15,445 $23,041 Interest capitalized$— $3,670 Income taxes paid (refunded)$(170)$— Non-Cash Investing and Financing Activities:Distributions payable on common shares/units$1,246 $1,248 Distributions payable on preferred shares/units$10,601 $10,601 Issuance of common shares for Board of Trustees compensation$745 $745 Accrued additions and improvements to hotel properties$1,600 $9,551 Write-off of fully amortized deferred financing costs$— $682 Write-down of investment$2,662 $— 

Note 13. Operating Segment Information

The following table presents the Company's segment hotel revenues, Hotel EBITDA, including significant hotel expenses and its reconciliation to Net income (loss) for the three months ended March 31, 2025 and 2024 (in thousands):For the three months ended March 31,20252024Revenues:Total revenues$320,266 $314,069 Less: Corporate and other revenues378 1,718 Hotel revenues319,888 312,351 Significant hotel expenses:Room expenses58,523 55,023 Food and beverage expenses64,568 61,014 Hotel general and administrative29,111 27,572 Hotel sales and marketing22,955 22,239 Hotel operations and maintenance30,932 28,726 Hotel management fee7,949 8,369 Hotel real estate taxes, personal property taxes, property insurance and ground rent33,047 32,066 Other segment items (1)11,976 11,238 Hotel EBITDA60,827 66,104 Depreciation and amortization(57