XML 34 R37.htm IDEA: XBRL DOCUMENT v2.4.1.9
Acquisition of Hotel Properties (Details Textual) (USD $)
12 Months Ended 0 Months Ended
Dec. 31, 2014
GuestRooms
Dec. 31, 2013
Dec. 31, 2012
May 22, 2014
Jul. 17, 2014
Nov. 12, 2014
Nov. 20, 2014
Dec. 10, 2014
Dec. 18, 2014
Business Acquisition [Line Items]                  
Number Of Guest Rooms 6,948peb_NumberOfGuestRooms                
Capital Leased Assets, Gross $ 12,200,000us-gaap_CapitalLeasedAssetsGross     $ 12,200,000us-gaap_CapitalLeasedAssetsGross          
Hotel acquisition costs 1,973,000us-gaap_BusinessCombinationAcquisitionRelatedCosts 3,376,000us-gaap_BusinessCombinationAcquisitionRelatedCosts 2,234,000us-gaap_BusinessCombinationAcquisitionRelatedCosts            
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date 34,300,000us-gaap_BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual                
Business Combination, Pro Forma Information, Hotel Operating Expenses of Acquiree Since Acquisition Date 21,800,000us-gaap_BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual                
Loans Assumed 50,725,000us-gaap_LoansAssumed1 90,448,000us-gaap_LoansAssumed1 27,175,000us-gaap_LoansAssumed1            
Mortgage loan premium 4,026,000us-gaap_DebtInstrumentUnamortizedPremium [1] 5,888,000us-gaap_DebtInstrumentUnamortizedPremium [1]              
The Prescott Hotel [Member]                  
Business Acquisition [Line Items]                  
Number Of Guest Rooms       160peb_NumberOfGuestRooms
/ us-gaap_BusinessAcquisitionAxis
= peb_ThePrescottHotelMember
         
Business Combination, Consideration Transferred       49,000,000us-gaap_BusinessCombinationConsiderationTransferred1
/ us-gaap_BusinessAcquisitionAxis
= peb_ThePrescottHotelMember
         
Business Combination, Additional Consideration Transferred       1,300,000peb_BusinessCombinationAdditionalConsiderationTransferred
/ us-gaap_BusinessAcquisitionAxis
= peb_ThePrescottHotelMember
         
Number of Guest Rooms - Fee Simple       96peb_NumberofGuestRoomsFeeSimpleAcquisition
/ us-gaap_BusinessAcquisitionAxis
= peb_ThePrescottHotelMember
         
Number of Guest Rooms - Leasehold Interest       64peb_NumberofGuestRoomsLeaseholdInterestAcquisition
/ us-gaap_BusinessAcquisitionAxis
= peb_ThePrescottHotelMember
         
Lease Expiry Period       2059          
Ground Lease Extension Option       30 years          
Base Rent       500,000peb_BaseRent
/ us-gaap_BusinessAcquisitionAxis
= peb_ThePrescottHotelMember
         
Land       12,600,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
/ us-gaap_BusinessAcquisitionAxis
= peb_ThePrescottHotelMember
         
Furniture, fixtures and equipment       1,100,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedEquipment
/ us-gaap_BusinessAcquisitionAxis
= peb_ThePrescottHotelMember
         
Buildings and improvements       31,500,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
/ us-gaap_BusinessAcquisitionAxis
= peb_ThePrescottHotelMember
         
Capital Lease Obligation       10,800,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCapitalLeaseObligation
/ us-gaap_BusinessAcquisitionAxis
= peb_ThePrescottHotelMember
         
Below (Above) market rate contracts       3,700,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
/ us-gaap_BusinessAcquisitionAxis
= peb_ThePrescottHotelMember
         
The Nines Hotel Portland [Member]                  
Business Acquisition [Line Items]                  
Number Of Guest Rooms         331peb_NumberOfGuestRooms
/ us-gaap_BusinessAcquisitionAxis
= peb_TheNinesHotelPortlandMember
       
Proceeds from Unsecured Lines of Credit         76,300,000us-gaap_ProceedsFromUnsecuredLinesOfCredit
/ us-gaap_BusinessAcquisitionAxis
= peb_TheNinesHotelPortlandMember
       
Business Combination, Consideration Transferred         127,000,000us-gaap_BusinessCombinationConsiderationTransferred1
/ us-gaap_BusinessAcquisitionAxis
= peb_TheNinesHotelPortlandMember
       
Land         18,500,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
/ us-gaap_BusinessAcquisitionAxis
= peb_TheNinesHotelPortlandMember
       
Furniture, fixtures and equipment         8,800,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedEquipment
/ us-gaap_BusinessAcquisitionAxis
= peb_TheNinesHotelPortlandMember
       
Buildings and improvements         92,300,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
/ us-gaap_BusinessAcquisitionAxis
= peb_TheNinesHotelPortlandMember
       
Below (Above) market rate contracts         7,100,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
/ us-gaap_BusinessAcquisitionAxis
= peb_TheNinesHotelPortlandMember
       
Loans Assumed         50,700,000us-gaap_LoansAssumed1
/ us-gaap_BusinessAcquisitionAxis
= peb_TheNinesHotelPortlandMember
       
Mortgage loan premium         900,000us-gaap_DebtInstrumentUnamortizedPremium
/ us-gaap_BusinessAcquisitionAxis
= peb_TheNinesHotelPortlandMember
       
The Nines Hotel Portland [Member] | Minimum [Member]                  
Business Acquisition [Line Items]                  
Business Combination, Potential Indemnification Obligation         0peb_BusinessCombinationPotentialIndemnificationObligation
/ us-gaap_BusinessAcquisitionAxis
= peb_TheNinesHotelPortlandMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
       
The Nines Hotel Portland [Member] | Maximum [Member]                  
Business Acquisition [Line Items]                  
Business Combination, Potential Indemnification Obligation         28,300,000peb_BusinessCombinationPotentialIndemnificationObligation
/ us-gaap_BusinessAcquisitionAxis
= peb_TheNinesHotelPortlandMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
       
Westin Colonnade Coral Gables [Member]                  
Business Acquisition [Line Items]                  
Number Of Guest Rooms           157peb_NumberOfGuestRooms
/ us-gaap_BusinessAcquisitionAxis
= peb_WestinColonnadeCoralGablesMember
     
Business Combination, Consideration Transferred           59,400,000us-gaap_BusinessCombinationConsiderationTransferred1
/ us-gaap_BusinessAcquisitionAxis
= peb_WestinColonnadeCoralGablesMember
     
Land           12,100,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
/ us-gaap_BusinessAcquisitionAxis
= peb_WestinColonnadeCoralGablesMember
     
Furniture, fixtures and equipment           1,300,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedEquipment
/ us-gaap_BusinessAcquisitionAxis
= peb_WestinColonnadeCoralGablesMember
     
Buildings and improvements           46,300,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
/ us-gaap_BusinessAcquisitionAxis
= peb_WestinColonnadeCoralGablesMember
     
Below (Above) market rate contracts           300,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
/ us-gaap_BusinessAcquisitionAxis
= peb_WestinColonnadeCoralGablesMember
     
Hotel Palomar LA-Westwood [Member]                  
Business Acquisition [Line Items]                  
Number Of Guest Rooms             264peb_NumberOfGuestRooms
/ us-gaap_BusinessAcquisitionAxis
= peb_HotelPalomarLAWestwoodMember
   
Business Combination, Consideration Transferred             78,700,000us-gaap_BusinessCombinationConsiderationTransferred1
/ us-gaap_BusinessAcquisitionAxis
= peb_HotelPalomarLAWestwoodMember
   
Lease Expiry Period             2107    
Ground Lease Extension Option             5 years    
Base Rent             3,500,000peb_BaseRent
/ us-gaap_BusinessAcquisitionAxis
= peb_HotelPalomarLAWestwoodMember
   
Furniture, fixtures and equipment             1,500,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedEquipment
/ us-gaap_BusinessAcquisitionAxis
= peb_HotelPalomarLAWestwoodMember
   
Buildings and improvements             90,700,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
/ us-gaap_BusinessAcquisitionAxis
= peb_HotelPalomarLAWestwoodMember
   
Below (Above) market rate contracts             (13,500,000)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
/ us-gaap_BusinessAcquisitionAxis
= peb_HotelPalomarLAWestwoodMember
   
Union Station Hotel Nashville [Member]                  
Business Acquisition [Line Items]                  
Number Of Guest Rooms               125peb_NumberOfGuestRooms
/ us-gaap_BusinessAcquisitionAxis
= peb_UnionStationHotelNashvilleMember
 
Business Combination, Consideration Transferred               52,300,000us-gaap_BusinessCombinationConsiderationTransferred1
/ us-gaap_BusinessAcquisitionAxis
= peb_UnionStationHotelNashvilleMember
 
Lease Expiry Period               2105  
Furniture, fixtures and equipment               6,800,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedEquipment
/ us-gaap_BusinessAcquisitionAxis
= peb_UnionStationHotelNashvilleMember
 
Buildings and improvements               37,800,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
/ us-gaap_BusinessAcquisitionAxis
= peb_UnionStationHotelNashvilleMember
 
Below (Above) market rate contracts               7,500,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
/ us-gaap_BusinessAcquisitionAxis
= peb_UnionStationHotelNashvilleMember
 
Union Station Hotel Nashville [Member] | Minimum [Member]                  
Business Acquisition [Line Items]                  
Base Rent               100,000peb_BaseRent
/ us-gaap_BusinessAcquisitionAxis
= peb_UnionStationHotelNashvilleMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
 
Revere Hotel Boston [Member]                  
Business Acquisition [Line Items]                  
Number Of Guest Rooms                 356peb_NumberOfGuestRooms
/ us-gaap_BusinessAcquisitionAxis
= peb_RevereHotelBostonMember
Business Combination, Consideration Transferred                 260,400,000us-gaap_BusinessCombinationConsiderationTransferred1
/ us-gaap_BusinessAcquisitionAxis
= peb_RevereHotelBostonMember
Land                 41,900,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
/ us-gaap_BusinessAcquisitionAxis
= peb_RevereHotelBostonMember
Furniture, fixtures and equipment                 10,600,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedEquipment
/ us-gaap_BusinessAcquisitionAxis
= peb_RevereHotelBostonMember
Buildings and improvements                 $ 207,800,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
/ us-gaap_BusinessAcquisitionAxis
= peb_RevereHotelBostonMember
[1] Loan premiums on assumed mortgages recorded in purchase accounting for the Hotel Palomar San Francisco, Embassy Suites San Diego Bay - Downtown, Hotel Modera and The Nines, a Luxury Collection Hotel, Portland.