Company: PEB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001474098-25-000119
Chunk: 46

Company: Pebblebrook Hotel Trust
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 46
---
 30, 2025 and December 31, 2024, the Company had $11.0 million and $10.9 million, respectively, in restricted cash, which consisted of funds held in cash management accounts held by a lender, reserves for replacement of furniture and fixtures, and reserves to pay for real estate taxes, ground rent or property insurance under certain hotel management agreements or loan agreements.Long-Term Property Operating and Finance LeasesAs of June 30, 2025, the following hotels were subject to leases as follows:Lease PropertiesLease TypeLease Expiration DateRestaurant at Southernmost Beach ResortOperating leaseApril 2029Paradise Point Resort & SpaOperating leaseMay 2050Harbor Court Hotel San FranciscoFinance leaseAugust 2052Hotel Monaco Washington DCOperating leaseNovember 2059Argonaut HotelOperating leaseDecember 2059Hotel Zephyr Fisherman's Wharf and RetailOperating leaseFebruary 2062Viceroy Santa Monica HotelOperating leaseSeptember 2065Estancia La Jolla Hotel & SpaOperating leaseJanuary 2066San Diego Mission Bay ResortOperating leaseJuly 20681 Hotel San FranciscoOperating leaseMarch 2070(1)Hyatt Regency Boston HarborOperating leaseApril 2077The Westin Copley Place, BostonOperating leaseDecember 2077(2)The Liberty, a Luxury Collection Hotel, BostonOperating leaseMay 2080Jekyll Island Club Resort and RestaurantOperating leaseJanuary 208980 Rooms at Hotel Zeppelin San FranciscoOperating and finance leaseJune 2089(4)Hotel Zelos San FranciscoOperating leaseJune 2097Hotel Palomar Los Angeles Beverly HillsOperating leaseJanuary 2107(3)Margaritaville Hollywood Beach ResortOperating leaseJuly 2112______________________(1)     The expiration date assumes the exercise of a 14-year extension option.(2)     No payments are required through maturity.(3)     The expiration date assumes the exercise of all 19 five-year extension options.(4)     Property is owned, with the exception of 80 rooms in an adjoining building that are subject to a lease agreement. The expiration date assumes the exercise of a 30-year extension option. The Company's leases may require minimum fixed rent payments, percentage rent payments based on a percentage of revenues in excess of certain thresholds or rent payments equal to the greater of a minimum fixed rent or percentage rent. Minimum fixed rent may be adjusted annually by increases in the consumer