Core Insights - Pebblebrook Hotel Trust has completed the sale of the Montrose at Beverly Hills for $44.25 million, with the transaction closing on November 19, 2025 [1] - The sale price reflects an EBITDA multiple of 16.1 and a net operating income capitalization rate of 5.2%, based on a capital reserve assumption of 4% [2] - Proceeds from the sale will be used for general corporate activities, including debt repayment and share repurchases [3] Financial Performance - The company reported a 1.5% decline in same-property total revenue per available room (RevPAR) compared to Q3 2024 [4] - Occupancy increased by nearly 190 basis points, while average daily rate (ADR) decreased by 5.4% [5] - Pebblebrook expects a full-year net loss between $67.5 million and $58.5 million, with projected same-property total RevPAR growth ranging from negative 0.1% to positive 1.1% [5] Future Transactions - Pebblebrook has another hotel under contract for $72 million, with completion expected in the fourth quarter of the year, subject to standard closing requirements [3][4] - There is no guarantee that the additional sale will be finalized as anticipated [4]