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.
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