Pebblebrook Hotel Trust Executes Major Debt Refinancing

The latest announcement is out from Pebblebrook Hotel ( (PEB) ).

On February 11 and 12, 2026, Pebblebrook Hotel Trust refinanced a significant portion of its capital structure, closing a new $450 million senior unsecured term loan and amending its existing credit agreement. The new facility refinanced a $360 million term loan, extended its maturity to February 2031, and added a $90 million delayed-draw component available through December 15, 2026.

The company also used $40 million of cash to fully repay the Margaritaville Hollywood Beach Resort mortgage due in 2026 and completed the extension of its $650 million senior unsecured revolving credit facility, restoring full capacity and extending availability through October 2029, subject to extension options. Pricing on the term loan and revolver remained tied to SOFR with existing leverage-based margins, while elimination of a 10-basis-point credit spread adjustment lowered annual interest expense.

Following these transactions, Pebblebrook reported that about 89% of its total debt and convertible notes effectively bear fixed rates and roughly 98% is unsecured, with a weighted average interest rate near 4.4%, and it held around $150 million in cash as of February 11, 2026. The refinancing materially extends the company’s debt maturity profile, reduces secured debt, preserves an undrawn $650 million revolver, and provides a clearer funding path to address its remaining December 2026 convertible note maturity, supporting liquidity and balance-sheet flexibility for stakeholders.

The most recent analyst rating on (PEB) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Pebblebrook Hotel stock, see the PEB Stock Forecast page.

Spark’s Take on PEB Stock

According to Spark, TipRanks’ AI Analyst, PEB is a Neutral.

Pebblebrook Hotel’s overall score is driven by financial challenges, including declining revenues and profitability issues, despite positive cash flow trends. Technical indicators suggest bearish momentum. The earnings call and corporate events provide some optimism with strong operational performance and strategic financial management.

To see Spark’s full report on PEB stock, click here.

More about Pebblebrook Hotel

Pebblebrook Hotel Trust is a publicly traded U.S. real estate investment trust and the largest owner of urban and resort lifestyle hotels in the country. The company owns 44 hotels with roughly 11,000 guest rooms across 13 key urban and resort markets, focusing on upscale properties that target both business and leisure travelers.

Average Trading Volume: 1,990,421

Technical Sentiment Signal: Hold

Current Market Cap: $1.46B

See more data about PEB stock on TipRanks’ Stock Analysis page.