Investor Presentation November 2023
INVESTOR PRESENTATION NOVEMBER 2023
Historical Hotel EBITDA, Continued
2022
Portfolio / Hotel
2010
2011
2012
2013
2014
2015
2016
2017
2018 2019
2020
2021
2022
Per Key
Chicago Urban
Hotel Chicago
$5.5
$5.3
$7.3
$8.4
$8.5
$10.4
Westin Mich Ave(1)
14.7
15.8
16.7
16.0
18.0
19.4
17.9
Chicago Total
$20.2
$21.1
$24.0
$24.4
$26.5
$29.8
$30.3
13.1
$25.4 $23.1
$12.4 $12.3 $12.6 $12.2
10.5
8.1
$20.3
($1.4)
$0.6
$7.4
$20.9
(11.1) (5.2)
4.4
5.9
($12.5)
($4.6)
$11.8
$10.7
San Fran Urban
Argonaut
$5.2
$6.5
$8.5
$10.2
$11.8
$13.0
$13.0
$11.7
$12.9
$14.6
($1.5)
$1.5
$7.1
$28.2
Harbor Court
2.7
4.0
3.7
4.9
5.8
6.1
5.6
3.9
4.3
5.6
(0.3)
(1.0)
2.0
15.3
Zephyr
7.3
8.7
11.2
12.1
12.1
12.6
16.2
13.1
13.7
16.8
(1.1)
0.5
4.9
13.6
Zetta
N/A
N/A
N/A
2.8
5.4
6.2
5.6
5.5
6.0
6.0
(0.3)
(1.4)
1.4
12.1
Zoe
N/A
N/A
5.2
6.6
7.9
8.2
7.8
3.6
7.7
8.9
(1.5) (1.7)
1.3
5.9
Zelos
1.3
3.0
3.8
4.6
6.2
7.3
5.9
7.2
6.9
8.4
(2.5)
(4.6)
(0.1)
(0.5)
Zeppelin
N/A
2.3
2.7
3.4
4.0
4.0
3.3
6.3
7.5
7.7
(1.2) (1.6)
(1.2)
(6.1)
1 Hotel
4.0
6.0
7.4
7.3
8.6
11.0
10.3
9.8
8.0
7.5
(4.0) (4.9)
(2.9)
(14.5)
San Fran Total
$20.5
$30.5 $42.5
$51.9 $61.8
$68.4
$67.7 $61.1 $67.0 $75.5
($12.4) ($13.2)
$12.5
$7.4
Urban Total
$171.2
$209.8 $236.5
$264.3
$300.8
$334.4
$348.9 $331.6 $321.7
$316.3
($62.2)
$22.3
$199.7
$22.1
Total Portfolio
$210.9
$258.1
$289.4 $327.4
$373.5 $422.0
$437.2
$415.1
$413.1 $447.6 ($17.6)
$181.5
$382.7
$31.5
pebblebrook
TRUST
Note: Dollars in millions, except Hotel EBITDA per Key, which is in thousands. These historical Hotel EBITDA results includeavailable information for all of the hotels the Company owned or had
an ownership interest in as of September 30, 2023. These historical operating results include periods prior to the Company'sownership of the hotels. The information above does not reflect the
Company's corporate general and administrative expense, interest expense, property acquisition costs, depreciation and amortiation, taxes and other expenses.
(1) The retail parcel at The Westin Michigan Avenue Chicago was sold on March 20, 2023. The historical results for The Westin Michigan Avenue Chicago have been adjusted to reflect the
estimated impact of excluding the parking-related income from the years of 2018-2022.
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