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pebblebrook HOTEL TRUST Exhibit 99.1 NYSE symbol : PEB www.pebblebrookhotels.com HOTEL OPERATING TRENDS PORTFOLIO UPDATES & REPOSITIONINGS BALANCE SHEET & LIQUIDITY 2021 OUTLOOK PEBBLEBROOK HOTEL TRUST REPORTS THIRD QUARTER 2021 RESULTS § Q3 2021 Same - Property Hotel EBITDA ( 1 ) of $ 66.6 million , led by the Company's unique lifestyle resorts and improving business demand at its urban hotels § Q3 2021 Same - Property ADR ( 1 ) exceeded Q3 2019 led by rate premiums from leisure- oriented travelers and rate progress in our urban markets § Same - Property RevPAR ( 1 ) rose sequentially by 49 % from Q2 2021 to Q3 2021 , finishing down just 37.8 % versus Q3 2019 § Hotel demand and future bookings temporarily softened in mid - August through mid - September due to increased case counts driven by the Delta variant § Demand trends and booking momentum reaccelerated starting in mid - September , and are continuing into October ; leisure remains healthy , and business group and transient demand is improving each week § Acquired the 200 - room Jekyll Island Club Resort for $ 94.0 million , the 369 - room Margaritaville Hollywood Beach Resort for $ 270.0 million , and the 19 - room Avalon Bed & Breakfast and 12 - room Duval Gardens in Key West for $ 20.0 million § Sold the 189 - room Villa Florence San Francisco on Union Square for $ 87.5 million Progressing on the transformation and redevelopment of the currently closed Hotel Vitale into 1 Hotel San Francisco and substantially completed the comprehensive guestroom renovation at Southernmost Beach Resort in Key West , Florida § Q3 2021 Adjusted Funds from Operations ( " AFFO " ) ( 1 ) of $ 21.4 million , $ 0.16 per share § As of September 30 , 2021 , total liquidity of $ 826.9 million , including $ 182.7 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 Q3 2021 : 40 % § 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 Q4 2021 , the Company expects both Same - Property Room Revenues ( 1 ) and Total Revenues ( 1 ) to be down between ( 38 % ) and ( 42 % ) compared to Q4 2019 ( 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 .