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Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues:      
Room $ 410,600us-gaap_OccupancyRevenue $ 321,630us-gaap_OccupancyRevenue $ 239,218us-gaap_OccupancyRevenue
Food and beverage 148,114us-gaap_FoodAndBeverageRevenue 136,531us-gaap_FoodAndBeverageRevenue 117,752us-gaap_FoodAndBeverageRevenue
Other operating 40,062us-gaap_OtherHotelOperatingRevenue 31,056us-gaap_OtherHotelOperatingRevenue 23,718us-gaap_OtherHotelOperatingRevenue
Total revenues 598,776us-gaap_RevenueFromLeasedAndOwnedHotels 489,217us-gaap_RevenueFromLeasedAndOwnedHotels 380,688us-gaap_RevenueFromLeasedAndOwnedHotels
Hotel operating expenses:      
Room 102,709us-gaap_OccupancyCosts 83,390us-gaap_OccupancyCosts 63,213us-gaap_OccupancyCosts
Food and beverage 104,843us-gaap_FoodAndBeverageCostOfSales 100,244us-gaap_FoodAndBeverageCostOfSales 86,369us-gaap_FoodAndBeverageCostOfSales
Other direct 14,512us-gaap_OtherDirectCostsOfHotels 14,037us-gaap_OtherDirectCostsOfHotels 12,236us-gaap_OtherDirectCostsOfHotels
Other indirect 151,923us-gaap_OtherCostAndExpenseOperating 126,527us-gaap_OtherCostAndExpenseOperating 99,766us-gaap_OtherCostAndExpenseOperating
Total hotel operating expenses 373,987us-gaap_DirectCostsOfHotels 324,198us-gaap_DirectCostsOfHotels 261,584us-gaap_DirectCostsOfHotels
Depreciation and amortization 68,324us-gaap_DepreciationAndAmortization 55,570us-gaap_DepreciationAndAmortization 42,794us-gaap_DepreciationAndAmortization
Real estate taxes, personal property taxes, property insurance, and ground rent 36,878peb_Realestatetaxespersonalpropertytaxespropertyinsuranceandgroundrent 31,052peb_Realestatetaxespersonalpropertytaxespropertyinsuranceandgroundrent 20,187peb_Realestatetaxespersonalpropertytaxespropertyinsuranceandgroundrent
General and administrative 26,349us-gaap_GeneralAndAdministrativeExpense 17,166us-gaap_GeneralAndAdministrativeExpense 16,777us-gaap_GeneralAndAdministrativeExpense
Hotel acquisition costs 1,973us-gaap_BusinessCombinationAcquisitionRelatedCosts 3,376us-gaap_BusinessCombinationAcquisitionRelatedCosts 2,234us-gaap_BusinessCombinationAcquisitionRelatedCosts
Total operating expenses 507,511us-gaap_CostsAndExpenses 431,362us-gaap_CostsAndExpenses 343,576us-gaap_CostsAndExpenses
Operating income (loss) 91,265us-gaap_OperatingIncomeLoss 57,855us-gaap_OperatingIncomeLoss 37,112us-gaap_OperatingIncomeLoss
Interest income 2,529us-gaap_InvestmentIncomeInterest 2,620us-gaap_InvestmentIncomeInterest 224us-gaap_InvestmentIncomeInterest
Interest expense (27,065)us-gaap_InterestExpense (23,680)us-gaap_InterestExpense (14,932)us-gaap_InterestExpense
Equity in earnings (loss) of joint venture 10,065us-gaap_IncomeLossFromEquityMethodInvestments 7,623us-gaap_IncomeLossFromEquityMethodInvestments 5,970us-gaap_IncomeLossFromEquityMethodInvestments
Income (loss) before income taxes 76,794us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 44,418us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 28,374us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax (expense) benefit (3,251)us-gaap_IncomeTaxExpenseBenefit (1,226)us-gaap_IncomeTaxExpenseBenefit (1,866)us-gaap_IncomeTaxExpenseBenefit
Net income (loss) 73,543us-gaap_ProfitLoss 43,192us-gaap_ProfitLoss 26,508us-gaap_ProfitLoss
Net income (loss) attributable to non-controlling interests 677us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 274us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 429us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income (loss) attributable to the Company 72,866us-gaap_NetIncomeLoss 42,918us-gaap_NetIncomeLoss 26,079us-gaap_NetIncomeLoss
Distributions to preferred shareholders (25,079)us-gaap_PreferredStockDividendsIncomeStatementImpact (22,953)us-gaap_PreferredStockDividendsIncomeStatementImpact (17,825)us-gaap_PreferredStockDividendsIncomeStatementImpact
Net income (loss) attributable to common shareholders 47,787us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 19,965us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 8,254us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Net income (loss) per share available to common shareholders, basic $ 0.72us-gaap_EarningsPerShareBasic $ 0.32us-gaap_EarningsPerShareBasic $ 0.14us-gaap_EarningsPerShareBasic
Net income (loss) per share available to common shareholders, diluted $ 0.71us-gaap_EarningsPerShareDiluted $ 0.32us-gaap_EarningsPerShareDiluted $ 0.14us-gaap_EarningsPerShareDiluted
Weighted-average number of common shares, basic (in shares) 65,646,712us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 61,498,389us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 55,806,543us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted-average number of common shares, diluted (in shares) 66,264,118us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 61,836,741us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 55,955,497us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Comprehensive Income:      
Net income (loss) 73,543us-gaap_ProfitLoss 43,192us-gaap_ProfitLoss 26,508us-gaap_ProfitLoss
Unrealized gain (loss) on derivative instruments (1,427)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax 1,386us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax (300)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
Comprehensive income (loss) 72,116us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest 44,578us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest 26,208us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
Comprehensive income (loss) attributable to non-controlling interests 665us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest 287us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest 427us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
Comprehensive income (loss) attributable to the Company $ 71,451us-gaap_ComprehensiveIncomeNetOfTax $ 44,291us-gaap_ComprehensiveIncomeNetOfTax $ 25,781us-gaap_ComprehensiveIncomeNetOfTax