Pebblebrook Hotel Trust

For the period ended Dec 31, 2025. Filed Feb 25, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 25, 2026

PEB$22.22+2.1%Stored close · as of Nov 10, 2026

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Contents

Schedule III - Real Estate and Accumulated Depreciation

Pebblebrook Hotel Trust
Schedule III--Real Estate and Accumulated Depreciation
As of December 31, 2025
(in thousands)
Initial Costs · Gross Amount at End of Year
Description	Encumbrances	Land	Building and Improvements	Furniture, Fixtures and Equipment	Cost Capitalized Subsequent to Acquisition (1)	Land	Building and Improvements	Furniture, Fixtures and Equipment	Total	Accumulated Depreciation	Net Book Value	Year of Original Construction	Date of Acquisition	Depreciation Life
Hotel Monaco Washington DC	$—	$—	$60,630	$2,441	$24,878	$—	$80,394	$7,555	$87,949	$41,859	$46,090	1839	9/9/2010	3-40 years
Skamania Lodge	—	7,130	44,987	3,523	55,132	11,973	88,000	10,799	110,772	43,224	67,548	1993	11/3/2010	3-40 years
Hyatt Centric Delfina Santa Monica	—	18,784	81,580	2,295	32,796	18,789	106,932	9,734	135,455	46,292	89,163	1972	11/19/2010	3-40 years
Argonaut Hotel	—	—	79,492	4,247	6,873	—	86,327	4,285	90,612	35,940	54,672	1907	2/16/2011	3-40 years
The Westin San Diego Gaslamp Quarter	—	25,537	86,089	6,850	35,920	25,537	118,888	9,971	154,396	56,242	98,154	1987	4/6/2011	1-40 years
Mondrian Los Angeles	—	20,306	110,283	6,091	27,447	20,306	131,586	12,235	164,127	63,327	100,800	1959	5/3/2011	3-40 years
W Boston	—	19,453	63,893	5,887	20,837	19,453	79,710	10,907	110,070	40,975	69,095	2009	6/8/2011	2-40 years
Hotel Zetta San Francisco	—	7,294	22,166	290	18,899	7,294	36,207	5,148	48,649	18,920	29,729	1913	4/4/2012	3-40 years
W Los Angeles - West Beverly Hills	—	24,403	93,203	3,600	35,076	24,403	121,397	10,482	156,282	58,111	98,171	1969	8/23/2012	3-40 years
Hotel Zelos San Francisco	—	—	63,430	3,780	14,659	—	75,564	6,305	81,869	33,834	48,035	1907	10/25/2012	3-40 years
Embassy Suites San Diego Bay - Downtown	—	20,103	90,162	6,881	31,622	20,103	119,336	9,329	148,768	53,280	95,488	1988	1/29/2013	3-40 years
The Hotel Zags	—	8,215	37,874	1,500	(1,482)	5,197	37,386	3,524	46,107	18,275	27,832	1962	8/28/2013	3-40 years
Hotel Zephyr Fisherman's Wharf	—	—	116,445	3,550	44,528	—	156,269	8,254	164,523	67,398	97,125	1964	12/9/2013	3-40 years
Hotel Zeppelin San Francisco	—	12,561	43,665	1,094	38,472	12,562	76,794	6,436	95,792	39,388	56,404	1913	5/22/2014	1-45 years
The Nines, a Luxury Collection Hotel, Portland	—	18,493	92,339	8,757	19,233	18,493	103,180	17,149	138,822	47,311	91,511	1909	7/17/2014	3-40 years
Hotel Palomar Los Angeles Beverly Hills	—	—	90,675	1,500	16,039	—	101,351	6,863	108,214	37,463	70,751	1972	11/20/2014	3-40 years
Revere Hotel Boston Common	—	41,857	207,817	10,596	(34,822)	17,367	188,261	19,820	225,448	80,386	145,062	1972	12/18/2014	3-40 years
LaPlaya Beach Resort & Club	—	112,575	82,117	6,733	57,715	114,355	133,166	11,619	259,140	41,368	217,772	1968	5/21/2015	3-40 years
1 Hotel San Francisco	—	—	105,693	3,896	40,331	—	134,652	15,268	149,920	42,184	107,736	2005	11/30/2018	3-40 years
Chaminade Resort & Spa	—	22,590	37,114	6,009	22,788	22,680	54,371	11,450	88,501	21,259	67,242	1985	11/30/2018	3-40 years
Harbor Court Hotel San Francisco	—	—	79,009	6,190	2,224	—	80,409	7,014	87,423	21,342	66,081	1926/1991	11/30/2018	3-40 years
Viceroy Santa Monica Hotel	—	—	91,442	5,257	20,824	—	106,817	10,706	117,523	30,854	86,669	1967/2002	11/30/2018	3-40 years

Pebblebrook Hotel Trust
Schedule III--Real Estate and Accumulated Depreciation
As of December 31, 2025
(in thousands)
Initial Costs · Gross Amount at End of Year
Description	Encumbrances	Land	Building and Improvements	Furniture, Fixtures and Equipment	Cost Capitalized Subsequent to Acquisition (1)	Land	Building and Improvements	Furniture, Fixtures and Equipment	Total	Accumulated Depreciation	Net Book Value	Year of Original Construction	Date of Acquisition	Depreciation Life
Le Parc at Melrose	—	17,876	65,515	2,496	14,557	17,966	75,953	6,525	100,444	21,421	79,023	1970	11/30/2018	3-40 years
Chamberlain West Hollywood	—	14,462	43,157	5,983	2,841	14,495	44,952	6,996	66,443	14,923	51,520	1970/2005	11/30/2018	3-40 years
Hotel Ziggy	—	12,440	36,932	3,951	(12,161)	7,225	28,008	5,929	41,162	11,413	29,749	1954	11/30/2018	3-40 years
The Westin Copley Place, Boston	—	—	291,754	35,780	26,161	—	313,465	40,230	353,695	94,401	259,294	1983	11/30/2018	3-40 years
The Liberty, a Luxury Collection Hotel, Boston	—	—	195,797	15,126	9,167	—	202,099	17,991	220,090	53,411	166,679	1851/2007	11/30/2018	3-40 years
Hyatt Regency Boston Harbor	—	—	122,344	6,862	11,490	—	132,119	8,577	140,696	32,664	108,032	1993	11/30/2018	3-40 years
George Hotel	—	15,373	65,529	4,489	2,321	15,373	67,358	4,981	87,712	16,583	71,129	1928	11/30/2018	3-40 years
Viceroy Washington DC	—	18,686	60,927	2,838	(4,748)	14,035	57,092	6,576	77,703	18,774	58,929	1962	11/30/2018	3-40 years
Hotel Zena Washington DC	—	19,035	60,402	2,066	29,879	19,064	86,154	6,164	111,382	25,291	86,091	1972	11/30/2018	3-40 years
Paradise Point Resort & Spa	—	—	199,304	22,032	25,293	269	214,465	31,895	246,629	67,158	179,471	1962	11/30/2018	3-40 years
Hilton San Diego Gaslamp Quarter	—	33,017	131,926	7,741	28,070	33,017	153,502	14,235	200,754	40,879	159,875	2000	11/30/2018	3-40 years
Margaritaville Hotel San Diego Gaslamp Quarter	—	—	74,768	8,830	58,395	23,478	99,449	19,066	141,993	34,870	107,123	2005	11/30/2018	3-40 years
L'Auberge Del Mar	—	33,304	92,297	5,393	16,240	33,323	104,701	9,210	147,234	29,049	118,185	1989	11/30/2018	3-40 years
San Diego Mission Bay Resort	—	—	80,733	9,458	30,320	118	101,850	18,543	120,511	40,058	80,453	1962	11/30/2018	3-40 years
Southernmost Beach Resort	—	90,396	253,954	8,676	47,418	92,783	289,331	18,330	400,444	68,159	332,285	1958-2008	11/30/2018	3-40 years
The Marker Key West Harbor Resort	—	25,463	66,903	2,486	2,139	25,463	67,673	3,855	96,991	16,602	80,389	2014	11/30/2018	3-40 years
Hotel Chicago Downtown, Autograph Collection	—	39,576	114,014	7,608	(53,333)	25,181	73,286	9,398	107,865	21,566	86,299	1998	11/30/2018	3-40 years
Jekyll Island Club Resort	—	—	88,912	5,031	24,895	—	105,887	12,951	118,838	26,064	92,774	1886/1986	7/22/2021	2-40 years
Margaritaville Hollywood Beach Resort(2)	40,000	—	244,230	22,288	16,789	—	256,332	26,975	283,307	50,535	232,772	2015	9/23/2021	3-40 years
Estancia La Jolla Hotel & Spa(3)	53,395	—	104,280	3,646	28,853	267	125,029	11,483	136,779	24,461	112,318	2004	12/1/2021	2-40 years
Inn on Fifth	—	50,503	95,826	7,989	5,759	50,510	100,609	8,958	160,077	15,745	144,332	1960	5/11/2022	3-40 years

Pebblebrook Hotel Trust
Schedule III--Real Estate and Accumulated Depreciation
As of December 31, 2025
(in thousands)
Initial Costs · Gross Amount at End of Year
Description	Encumbrances	Land	Building and Improvements	Furniture, Fixtures and Equipment	Cost Capitalized Subsequent to Acquisition (1)	Land	Building and Improvements	Furniture, Fixtures and Equipment	Total	Accumulated Depreciation	Net Book Value	Year of Original Construction	Date of Acquisition	Depreciation Life
Newport Harbor Island Resort	—	43,287	118,227	12,817	63,270	43,305	170,400	23,896	237,601	35,869	201,732	1969	6/23/2022	3-40 years
	$93,395	$772,719	$4,387,836	$304,553	$903,604	$754,384	$5,086,711	$527,617	$6,368,712	$1,699,128	$4,669,584

(1) Disposals are reflected as reductions to cost capitalized subsequent to acquisition.

(2) Encumbrance on Margaritaville Hollywood Beach Resort is presented at face value, which excludes unamortized deferred financing costs of $0.4 million at December 31, 2025.

(3) Encumbrance on Estancia La Jolla Hotel & Spa is presented at face value, which excludes unamortized deferred financing costs of $0.1 million at December 31, 2025.

Pebblebrook Hotel Trust
Schedule III--Real Estate and Accumulated Depreciation - Continued
As of December 31, 2025
(in thousands)
Reconciliation of Real Estate and Accumulated Depreciation:
Reconciliation of Real Estate:
Balance at December 31, 2022	$6,729,381
Capital expenditures	188,520
Disposal of Assets	(400,705)
Other	(70,914)
Balance at December 31, 2023	$6,446,282
Capital expenditures	148,314
Disposal of Assets	(52,945)
Other	(42,918)
Balance at December 31, 2024	$6,498,733
Capital expenditures	94,356
Disposal of Assets	(171,174)
Other	(53,203)
Balance at December 31, 2025	$6,368,712
Reconciliation of Accumulated Depreciation:
Balance at December 31, 2022	$1,180,434
Depreciation	239,422
Disposal of Assets	(103,589)
Balance at December 31, 2023	$1,316,267
Depreciation	228,332
Disposal of Assets	(8,958)
Other	(4,787)
Balance at December 31, 2024	$1,530,854
Depreciation	226,709
Disposal of Assets	(51,730)
Other	(6,705)
Balance at December 31, 2025	$1,699,128

The aggregate cost of properties for federal income tax purposes is approximately $5.9 billion as of December 31, 2025.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.