Pebblebrook Hotel Trust Sells Hotel Zags for $10 Million

By Tamara Parker • Monday, October 12 13:04 • Permanent Link

Pebblebrook Hotel Trust said it completed the sale of the Hotel Zags in Portland, Oregon, for $10.0 million on October 8, 2026.

The hotel had 174 rooms. For the trailing 12 months ended August 31, 2026, Pebblebrook said the property generated an estimated net operating loss of $0.8 million and estimated hotel EBITDA of negative $0.6 million.

The company said it expects to use the proceeds for general corporate purposes, including share repurchases and other capital allocation priorities. Pebblebrook said the transaction is not expected to affect its third-quarter 2026 outlook, but it will be reflected in fourth-quarter results and in its updated full-year 2026 outlook.

Pebblebrook owns 42 hotels totaling about 10,800 guest rooms across 14 urban and resort markets. Following these announcements, the company's shares moved 0.74%, and are now trading at a price of $19.12. Check out the company's full 8-K submission here.

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