Pebblebrook to focus on Q1 2012 refinancing

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27 September 2011
By Shawn A. Turner
Finance Editor
Shawn@HotelNewsNow.com
Story Highlights
  • Pebblebrook is 37% levered.
  • “We have time now … We’re not concerned about that, and we’ll make progress on that,” CFO Ray Martz said of refinancing the company’s debt.
  • “Obviously, it’s pretty uncertain out there, and uncertainty does not bode well for transaction activity,” Jon Bortz, Pebblebrook’s chairman, president and CEO, said.

Pebblebrook Hotel Trust is putting an emphasis on paying down the US$133 million in debt the company has maturing during Q1 2012.
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