Pebblebrook Hotel Trust Says Hotel Revenues Were Reduced By $3.5M And Hotel EBITDA Was Impacted By $2.5M From Late August Through Early September Owing To Weather-Related Cancellations From Tropical Storm Hilary, Hurricane Idalia
Portfolio Pulse from Benzinga Newsdesk
Pebblebrook Hotel Trust reported a reduction in hotel revenues by $3.5M and a $2.5M impact on Hotel EBITDA due to weather-related cancellations from Tropical Storm Hilary and Hurricane Idalia from late August through early September.
September 22, 2023 | 11:12 am
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NEGATIVE IMPACT
Pebblebrook Hotel Trust's revenues and EBITDA were negatively impacted by $3.5M and $2.5M respectively due to weather-related cancellations.
The news directly mentions Pebblebrook Hotel Trust (PEB) and states that the company's revenues and EBITDA were negatively impacted due to weather-related cancellations. This is likely to have a negative impact on the company's short-term financial performance, which could lead to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100