Pebblebrook Hotel Trust Overcomes Irma to Deliver a Decent Quarter

Pebblebrook Hotel Trust Overcomes Irma to Deliver a Decent Quarter

Pebblebrook Hotel Trust's (NYSE: PEB) third-quarter results came in well ahead of expectations after guests flocked to its recently redeveloped hotels. That said, profitability did decline from the year-ago quarter because the company sold several hotels over the past year. Furthermore, Hurricane Irma forced the closure of the LaPlaya Beach Resort & Club in early September, and it will remain closed until repairs wrap up next month. That said, despite the lost income from that resort, Pebblebrook expects full-year results to be within its guidance range.

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Q3 2017

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Source: Fool.com