Company: PEB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001474098-25-000039
Chunk: 78

Company: Pebblebrook Hotel Trust
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1A
Chunk 78
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Item 1A. Risk Factors.

The following summary and discussion sets forth some of the risks associated with our business and should be considered carefully. These risks are interrelated and you should treat them as a whole. Additional risks and uncertainties not presently known to us may also materially and adversely affect our business operations, the value of our shares and our ability to pay dividends to our shareholders. In connection with the forward-looking statements that appear in this Annual Report on Form 10-K, in these risk factors and elsewhere, you should carefully review the section titled “Forward-Looking Statements.” 

Summary of Risk Factors

Risks Related to Our Business and Properties 

•Risks related to the potential loss of our executive officers

•Risks related to third-party management companies

•Risks related to the purchase or sale of hotel properties

•Risks related to financing and use of financial institutions

•Risks related to financial performance

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•Risks related to restrictive covenants

•Risks related to highly competitive markets and regional downturns

•Risks related to our TRS lessee structure

•Risks related to investment decisions

•Risks related to conflicts of interest

•Risks related to joint ventures and franchise agreements

Risks Related to Debt and Financing 

•Risks related to debt service obligations

•Risks related to our existing indebtedness

•Risks related to “cash trap” provisions

•Risks related to refinancing or defaulting on debt

•Risks related to acquiring outstanding debt

Risks Related to the Lodging Industry 

•Risks related to hotel profitability

•Risks related to operations

•Risks related to competition for acquisitions

•Risks related to the seasonality and cyclical nature of the lodging industry

•Risks related to capital expenditure requirements

•Risks related to hotel and resort development

•Risks related to changing technology and its effects on the lodging industry and cyber-attacks

•Risks related to hotel personnel and unionization

•Risks related to natural disasters, climate change and other environmental factors and regulations

•Risks related to terrorist attacks

•Risks related to underinsurance or lack of insurance

•Risks related to unknown or contingent liabilities

•Risks related to compliance with federal law and other legislative changes

•Risks related to potential litigation

General Risks Related to the Real Estate Industry 

•Risks related to illiquidity of real estate investments

•Risks related to changing tax regimes