Company: PEB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001474098-25-000039
Chunk: 60

Company: Pebblebrook Hotel Trust
Filing Date: 2025-02-26
Form: 10-K
Item: Item 15
Chunk 60
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1,647,440 Less: Imputed interest(1,326,699)Present value of lease liabilities$320,741 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.

Note 12. Supplemental Information to Statements of Cash Flows

(in thousands) For the year ended December 31, 202420232022Interest paid, net of capitalized interest$100,417 $105,519 $82,851 Interest capitalized$4,710 $1,825 $1,434 Income taxes paid (refunded)$2,584 $(2,549)$(2,303)Non-Cash Investing and Financing Activities:Distributions payable on common shares/units$1,264 $1,261 $1,316 Distributions payable on preferred shares/units$10,601 $10,601 $10,902 Issuance of common shares for Board of Trustees compensation$745 $754 $738 Issuance of common shares for OP units redemption$— $3,515 $— Issuance of common units in connection with hotel acquisition$— $— $390 Issuance of preferred units in connection with hotel acquisition$— $— $77,610 Accrued additions and improvements to hotel properties$1,817 $65 $(2,759)Right of use assets obtained in exchange for lease liabilities$— $— $1,005 Write-off of fully depreciated building, furniture, fixtures and equipment$52,945 $7,267 $72,532 Write-off of fully amortized deferred financing costs$8,841 $1,199 $19,595 

Note 13. Operating Segment Information

The Company invests in luxury and upper-upscale hotels located in major U.S. cities and resort properties located near our primary target urban markets and select destination resort markets, with an emphasis on major gateway coastal markets. In this note, the Company refers to hotels and resorts as "hotels". These hotels provide lodging, food and beverage services, and a range of amenities, including banquet and meeting