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Pebblebrook Hotel ( (PEB) ) has issued an update.
Pebblebrook Hotel Trust announced that Hurricane Milton and other named storms have impacted its properties, mainly affecting LaPlaya Beach Resort & Club in Naples, Florida, which is undergoing restoration. Most of Pebblebrook’s resorts remain operational, but the storms have led to significant reservation cancellations, impacting third and fourth-quarter performance. The company expects insurance to mitigate financial losses and plans to have LaPlaya’s Beach House partially reopened by Q1 2025.
Find detailed analytics on PEB stock on TipRanks’ Stock Analysis page.
