Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2012

Real Estate and Accumulated Depreciation [Line Items]

Real Estate and Accumulated Depreciation Disclosure [Text Block]

Pebblebrook Hotel Trust Schedule III--Real Estate and Accumulated Depreciation As of December 31, 2012 (In thousands)

			Initial Costs								Gross Amount at End of Year
Description	Encumb-rances		Land		Building and Improvements		Furniture, Fixtures and Equipment		Costs Capitalized Subsequent to Acquisition		Land		Building and Improvements		Furniture, Fixtures and Equipment		Total		Accumulated Depreciation		Net Book Value		Year of Original Construction	Date of Acquisition	Depreciation Life

DoubleTree by Hilton Bethesda-Washington DC	$	35,602	$	10,065	$	53,000	$	4,035	$	6,624	$	10,065	$	57,225	$	6,434	$	73,724	$	5,858	$	67,866	1971	6/4/2010	3-40 years
Sir Francis Drake	—		22,500		60,547		6,953		13,798		22,500		68,802		12,496		103,798		8,084		95,714		1928	6/22/2010	1-40 years
InterContinental Buckhead	51,022		25,000		68,844		11,000		8,212		25,000		72,110		15,946		113,056		9,416		103,640		2004	7/1/2010	3-40 years
Hotel Monaco Washington DC	45,368		—		60,630		2,441		3,625		—		63,118		3,578		66,696		4,518		62,178		1839	9/9/2010	3-40 years
The Grand Hotel Minneapolis	—		4,950		26,616		300		7,673		4,950		30,629		3,960		39,539		3,200		36,339		1912	9/29/2010	1-40 years
Skamania Lodge	30,252		7,129		44,987		3,523		3,173		7,130		46,868		4,814		58,812		3,906		54,906		1993	11/3/2010	3-40 years
Sheraton Delfina Santa Monica	—		18,784		81,580		2,295		8,139		18,784		85,239		6,775		110,798		5,776		105,022		1972	11/19/2010	3-40 years
Sofitel Philadelphia	49,419		18,000		64,256		4,639		2,944		18,000		65,532		6,307		89,839		4,872		84,967		2000	12/3/2010	3-40 years
Argonaut Hotel	46,223		—		79,492		4,247		4,178		—		81,550		6,367		87,917		5,263		82,654		1907	2/16/2011	3-40 years
Westin Gaslamp Quarter, San Diego	81,000		25,537		86,089		6,850		16,929		25,537		100,471		9,397		135,405		7,771		127,634		1987	4/6/2011	1-40 years
Hotel Monaco Seattle	—		10,105		38,888		2,073		5,526		10,105		41,484		5,003		56,592		2,761		53,831		1969	4/7/2011	3-40 years
Mondrian Los Angeles	—		20,306		110,283		6,091		6,219		20,306		113,632		8,961		142,899		6,212		136,687		1959	5/3/2011	3-40 years
Viceroy Miami	—		8,368		24,246		3,723		1,376		8,368		24,702		4,643		37,713		2,472		35,241		2009	5/26/2011	1-40 years
W Boston	—		19,453		63,893		5,887		1,526		19,453		64,566		6,740		90,759		4,599		86,160		2009	6/8/2011	2-40 years
Hotel Zetta (formerly Hotel Milano)	—		7,294		22,166		290		6,448		7,294		25,728		3,176		36,198		718		35,480		1913	4/4/2012	1-40 years
Hotel Vintage Park	—		8,170		23,557		706		74		8,170		23,561		776		32,507		511		31,996		1922	7/9/2012	3-40 years
Hotel Vintage Plaza	—		6,222		23,012		1,093		—		6,222		23,012		1,093		30,327		451		29,876		1894	7/9/2012	3-40 years
W Los Angeles - Westwood	—		24,403		93,203		3,600		172		24,403		93,203		3,772		121,378		1,108		120,270		1969	8/23/2012	3-40 years
Hotel Palomar San Francisco ⁽¹⁾	27,124		—		63,430		3,780		—		—		63,430		3,780		67,210		442		66,768		1907	10/25/2012	3-40 years
	$	366,010	$	236,286	$	1,088,719	$	73,526	$	96,636	$	236,287	$	1,144,862	$	114,018	$	1,495,167	$	77,938	$	1,417,229

⁽¹⁾ Encumbrance on the Hotel Palomar San Francisco is presented at face value, which excludes loan premium of $2,498 at December 31, 2012.



Reconciliation of Real Estate and Accumulated Depreciation:
Reconciliation of Real Estate:
Balance at December 31, 2009	$	—
Acquisitions	602,075
Capital Expenditures	3,307
Balance at December 31, 2010	$	605,382
Acquisitions	515,531
Capital Expenditures	42,639
Balance at December 31, 2011	$	1,163,552
Acquisitions	280,927
Capital Expenditures	50,688
Balance at December 31, 2012	$	1,495,167
Reconciliation of Accumulated Depreciation:
Balance at December 31, 2009	$	—
Depreciation	5,668
Balance at December 31, 2010	$	5,668
Depreciation	30,400
Balance at December 31, 2011	$	36,068
Depreciation	41,870
Balance at December 31, 2012	$	77,938

- Definition

The entire disclosure for real estate and accumulated depreciation. This may include a schedule that describes the property and lists the initial cost of land, buildings and improvements, improvements and carrying costs capitalized after acquisition, and the total carrying cost for land, buildings and improvements for each property and in aggregate. The schedule also lists the accumulated depreciation for each property and in aggregate, the date each property was constructed and acquired, the useful life used to calculate depreciation and any encumbrances on the properties. The entity provides a reconciliation of the carrying amount of real estate from the beginning of the period to the end of the period. Any real estate investments that have been written down or reserved against are described, including the basis of the write-down. A material amount of intercompany profit in the total carrying amount of real estate is disclosed. The aggregate cost of all real estate investments for federal income tax purposes is also disclosed.

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