Pebblebrook posts lower Q1 losses on improved performance

04/29/2013 | American City Business Journals

Improved occupancy and room rates at its lodging properties allowed Pebblebrook Hotel Trust to shave its losses in the first quarter to $4.9 million, compared with a net loss of $7.2 million a year ago. The company posted an 8.5% rise in revenue per available room, as well as increases of 3.4% and 5% in average daily rate and occupancy, respectively.

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