Pebblebrook Hotel Trust Provides Update on Impact from Hurricane Irma

BETHESDA, Md.–(BUSINESS WIRE)–$PEB #PEB–Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that
it has experienced no significant property damage or injuries at its two
hotels located in Florida as a result of Hurricane Irma.

Hotel Colonnade Coral Gables (“Hotel Colonnade”), located in Coral
Gables, Florida, remained open during Hurricane Irma and remains open,
serving the needs of guests. The hotel incurred wind and water related
damage from the hurricane, but the Company believes this damage is not
material, barring the Company’s completion of a full property inspection
and assessment of the hotel.

LaPlaya Beach Resort & Club (“LaPlaya”), a waterfront luxury resort
located in Naples, Florida, closed starting Saturday, September 9, 2017,
following a mandatory evacuation order issued by Collier County. LaPlaya
sustained wind and water related damage from the hurricane. The Company
does not believe there has been material property destruction to the
resort. The hotel will remain closed as the Company completes a full
review and assessment of the condition of the property, which contains
four buildings situated on six acres of beachfront property on the Gulf
of Mexico. The Company will be working diligently to make repairs and
reopen the resort as soon as possible. The Company will utilize its
property, flood and business interruption insurance policies as needed.

“Our thoughts and prayers are with the countless people and communities
who have been impacted by Hurricane Harvey and Hurricane Irma as they
recover from these devastating storms,” said Jon Bortz, Chairman,
President and Chief Executive Officer of Pebblebrook Hotel Trust. “Our
management teams and associates at LaPlaya and Hotel Colonnade have
responded in an incredible way, making significant personal sacrifices
while providing safety to our guests, catering to their needs and
providing support for their respective communities. The recent
hurricanes directly impacted travel in Texas and Florida, and also
disrupted travel to many other markets, as business and leisure
travelers have been unable to reach their destinations. However, we
expect these travel disruptions to be short-term.”

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust is a publicly traded real estate investment
trust (“REIT”) organized to opportunistically acquire and invest
primarily in upper upscale, full-service hotels located in urban markets
in major gateway cities. The Company owns 28 hotels, with a total of
6,970 guest rooms. The Company owns hotels located in 9 states and the
District of Columbia, including: Los Angeles, California (Beverly Hills,
Santa Monica and West Hollywood); San Diego, California; San Francisco,
California; Washington, DC; Coral Gables, Florida; Naples, Florida;
Buckhead, Georgia; Boston, Massachusetts; Minneapolis, Minnesota;
Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee;
Columbia River Gorge, Washington; and Seattle, Washington. For more
information, please visit us at www.pebblebrookhotels.com
and follow us on Twitter at @PebblebrookPEB.

All information in this press release is as of September 13, 2017.
The Company undertakes no duty to update the statements in this press
release to conform the statements to actual results or changes in the
Company’s expectations.

For additional information or to receive press releases via email,
please visit our website at
www.pebblebrookhotels.com

Contacts

Pebblebrook Hotel Trust
Raymond D. Martz
Chief Financial
Officer
240-507-1330