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pebblebrook HOTEL TRUST Exhibit 99.1 NYSE symbol : PEB www.pebblebrookhotels.com HOTEL OPERATING TRENDS PEBBLEBROOK HOTEL TRUST REPORTS SECOND QUARTER 2021 RESULTS PORTFOLIO UPDATES & REPOSITIONINGS BALANCE SHEET & LIQUIDITY 2021 OUTLOOK § Operating trends continued to accelerate throughout Q2 and into July due to robust leisure demand and increasing business transient travel § Achieved positive Same - Property Hotel EBITDA of $ 28.3 million in Q2 , led by the Company's resorts and accelerating business transient demand at urban hotels § Same - Property RevPAR rose sequentially by 111 % from Q1 2021 to Q2 2021 § Acquired the 200 - room upper - upscale Jekyll Island Club Resort for $ 94.0 million § Executed a contract to acquire the 369 - room Margaritaville Hollywood Beach Resort for $ 270.0 million Executed a contract to sell Villa Florence San Francisco for $ 87.5 million § In May , completed the redevelopment of L'Auberge Del Mar ; in July , commenced a $ 25.0 million transformation of Hotel Vitale into 1 Hotel San Francisco and a $ 15.0 million comprehensive guestroom renovation at Southernmost Beach Resort in Key West , Florida § Generated positive Adjusted EBITDA re in Q2 and positive corporate cash flow in June ; expect positive Adjusted Funds from Operations ( " AFFO " ) in Q3 § Completed offerings of its $ 230.0 million , new 6.375 % Series G and $ 250.0 million , new 5.7 % Series H Cumulative Redeemable Preferred Shares ( " Preferred Equity " ) , generating $ 480.0 million of gross proceeds § Announced the redemptions of its 6.5 % Series C and 6.375 % Series D Preferred Equity totaling $ 250.0 million As of June 30 , 2021 , total liquidity of $ 967.2 million , including $ 323.0 million of cash on hand and $ 644.2 million available on the $ 650.0 million credit facility Net debt to depreciated book value at the end of Q2 2021 : 37 % § Given the uncertainties related to the COVID - 19 pandemic , its impact on travel , and variable and unpredictable government restrictions , the Company is unable to provide an outlook for 2021 at this time For Q3 2021 , the Company expects both Same - Property Room Revenues ( 1 ) and Total Revenues ( 1 ) to be down between ( 38 % ) and ( 42 % ) compared to Q3 2019 , much improved from Q1 2021 and Q2 2021 ( 1 ) See tables later in this press release for a description of Same - Property information and reconciliations from net income ( loss ) to non - GAAP financial measures used in the table above and elsewhere in this press release .