Pebblebrook beats Q1 on RevPAR surge, sells two hotels, refinances debt; $7.7M impairment flags

Filed April 28, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 1, 2025 · ~1 min read

Key Changes

• high

  Q1 2026 same-property RevPAR jumped 11.8% to $215.78 on 68.5% occupancy (up 550 bps) and 2.8% ADR growth, driven by recovery in San Francisco and Los Angeles markets plus resort ramp-ups.

  MD&A: Operating Performance verify on EDGAR →
• high

  Company extended $360M term loan maturity from 2027 to 2031, added $90M delayed-draw option, and reduced total debt from $2.3B to $2.1B after selling two hotels and repaying $40M mortgage.

  MD&A: Debt Refinancing verify on EDGAR →
• high

  Recorded $7.7M impairment charge on one hotel in Q1 2026, indicating asset value write-down not present in prior year; property not identified in disclosure.

  MD&A: Impairment verify on EDGAR →