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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating activities:      
Net income (loss) $ 73,543us-gaap_ProfitLoss $ 43,192us-gaap_ProfitLoss $ 26,508us-gaap_ProfitLoss
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 68,324us-gaap_DepreciationAndAmortization 55,570us-gaap_DepreciationAndAmortization 42,794us-gaap_DepreciationAndAmortization
Share-based compensation 11,695us-gaap_ShareBasedCompensation 5,222us-gaap_ShareBasedCompensation 4,215us-gaap_ShareBasedCompensation
Amortization of deferred financing costs and mortgage loan premiums (604)us-gaap_AmortizationOfFinancingCostsAndDiscounts (259)us-gaap_AmortizationOfFinancingCostsAndDiscounts 1,400us-gaap_AmortizationOfFinancingCostsAndDiscounts
Non-cash ground rent 2,252us-gaap_AmortizationOfLeasedAsset 3,128us-gaap_AmortizationOfLeasedAsset 219us-gaap_AmortizationOfLeasedAsset
Equity in (earnings) loss from joint venture (7,676)peb_NoncashIncomeLossFromEquityMethodInvestments (5,234)peb_NoncashIncomeLossFromEquityMethodInvestments (5,970)peb_NoncashIncomeLossFromEquityMethodInvestments
Other 407us-gaap_OtherNoncashIncomeExpense 892us-gaap_OtherNoncashIncomeExpense 240us-gaap_OtherNoncashIncomeExpense
Changes in assets and liabilities:      
Restricted cash, net 71us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities (1,266)us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities (1,547)us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities
Hotel receivables (3,544)us-gaap_IncreaseDecreaseInAccountsReceivable (3,343)us-gaap_IncreaseDecreaseInAccountsReceivable (1,321)us-gaap_IncreaseDecreaseInAccountsReceivable
Prepaid expenses and other assets (3,763)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (3,441)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 2,679us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Distributions from joint venture, net 9,152us-gaap_EquityMethodInvestmentDividendsOrDistributions 1,617us-gaap_EquityMethodInvestmentDividendsOrDistributions 0us-gaap_EquityMethodInvestmentDividendsOrDistributions
Accounts payable and accrued expenses 10,598us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 8,051us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 7,740us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Advance deposits 829us-gaap_IncreaseDecreaseInCustomerDeposits 3,324us-gaap_IncreaseDecreaseInCustomerDeposits 216us-gaap_IncreaseDecreaseInCustomerDeposits
Net cash provided by (used in) operating activities 161,284us-gaap_NetCashProvidedByUsedInOperatingActivities 107,453us-gaap_NetCashProvidedByUsedInOperatingActivities 77,173us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing activities:      
Acquisition of hotel properties (575,748)us-gaap_PaymentsToAcquireCommercialRealEstate (230,769)us-gaap_PaymentsToAcquireCommercialRealEstate (247,971)us-gaap_PaymentsToAcquireCommercialRealEstate
Improvements and additions to hotel properties (52,553)us-gaap_PaymentsForCapitalImprovements (38,753)us-gaap_PaymentsForCapitalImprovements (53,156)us-gaap_PaymentsForCapitalImprovements
Distribution from (investment in) joint venture, net 0us-gaap_PaymentsToAcquireEquityMethodInvestments 26,291us-gaap_PaymentsToAcquireEquityMethodInvestments (105,277)us-gaap_PaymentsToAcquireEquityMethodInvestments
Deposit on hotel properties 0us-gaap_PaymentsForProceedsFromDepositsOnRealEstateAcquisitions 0us-gaap_PaymentsForProceedsFromDepositsOnRealEstateAcquisitions (4,000)us-gaap_PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
Acquisition of note receivable (3,020)us-gaap_PaymentsToAcquireNotesReceivable 0us-gaap_PaymentsToAcquireNotesReceivable 0us-gaap_PaymentsToAcquireNotesReceivable
Purchase of corporate office equipment, computer software, and furniture (1,146)us-gaap_PaymentsToAcquireProductiveAssets (33)us-gaap_PaymentsToAcquireProductiveAssets (47)us-gaap_PaymentsToAcquireProductiveAssets
Restricted cash, net 28us-gaap_IncreaseDecreaseInRestrictedCash (3,182)us-gaap_IncreaseDecreaseInRestrictedCash 2,582us-gaap_IncreaseDecreaseInRestrictedCash
Property insurance proceeds 1,113us-gaap_ProceedsFromInsuranceSettlementInvestingActivities 458us-gaap_ProceedsFromInsuranceSettlementInvestingActivities 0us-gaap_ProceedsFromInsuranceSettlementInvestingActivities
Net cash provided by (used in) investing activities (631,326)us-gaap_NetCashProvidedByUsedInInvestingActivities (245,988)us-gaap_NetCashProvidedByUsedInInvestingActivities (407,869)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing activities:      
Gross proceeds from issuance of common shares 293,211us-gaap_ProceedsFromIssuanceOfCommonStock 79,362us-gaap_ProceedsFromIssuanceOfCommonStock 221,579us-gaap_ProceedsFromIssuanceOfCommonStock
Gross proceeds from issuance of preferred shares 25,000us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock 100,000us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock 0us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
Payment of offering costs - common and preferred shares (1,301)us-gaap_PaymentsOfStockIssuanceCosts (3,787)us-gaap_PaymentsOfStockIssuanceCosts (6,708)us-gaap_PaymentsOfStockIssuanceCosts
Payment of deferred financing costs (3,696)us-gaap_PaymentsOfFinancingCosts (650)us-gaap_PaymentsOfFinancingCosts (3,765)us-gaap_PaymentsOfFinancingCosts
Borrowings under senior revolving credit facility 180,000us-gaap_ProceedsFromLinesOfCredit 0us-gaap_ProceedsFromLinesOfCredit 120,000us-gaap_ProceedsFromLinesOfCredit
Repayments under senior revolving credit facility (130,000)us-gaap_RepaymentsOfLinesOfCredit 0us-gaap_RepaymentsOfLinesOfCredit (120,000)us-gaap_RepaymentsOfLinesOfCredit
Borrowings under term loan facility 200,000us-gaap_ProceedsFromIssuanceOfUnsecuredDebt 0us-gaap_ProceedsFromIssuanceOfUnsecuredDebt 100,000us-gaap_ProceedsFromIssuanceOfUnsecuredDebt
Proceeds from mortgage debt 0us-gaap_ProceedsFromIssuanceOfSecuredDebt 0us-gaap_ProceedsFromIssuanceOfSecuredDebt 224,000us-gaap_ProceedsFromIssuanceOfSecuredDebt
Repayments of mortgage debt (9,123)us-gaap_RepaymentsOfSecuredDebt (8,099)us-gaap_RepaymentsOfSecuredDebt (136,704)us-gaap_RepaymentsOfSecuredDebt
Repurchase of common shares (632)us-gaap_PaymentsForRepurchaseOfCommonStock (523)us-gaap_PaymentsForRepurchaseOfCommonStock (321)us-gaap_PaymentsForRepurchaseOfCommonStock
Redemption of non-controlling interests (5,231)us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest 0us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest (2,342)us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
Distributions - common shares/units (55,708)us-gaap_PaymentsOfDividendsCommonStock (36,969)us-gaap_PaymentsOfDividendsCommonStock (27,002)us-gaap_PaymentsOfDividendsCommonStock
Distributions - preferred shares (24,731)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (21,563)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (17,825)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
Net cash provided by (used in) financing activities 467,789us-gaap_NetCashProvidedByUsedInFinancingActivities 107,771us-gaap_NetCashProvidedByUsedInFinancingActivities 350,912us-gaap_NetCashProvidedByUsedInFinancingActivities
Net change in cash and cash equivalents (2,253)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (30,764)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 20,216us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of year 55,136us-gaap_CashAndCashEquivalentsAtCarryingValue 85,900us-gaap_CashAndCashEquivalentsAtCarryingValue 65,684us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of year $ 52,883us-gaap_CashAndCashEquivalentsAtCarryingValue $ 55,136us-gaap_CashAndCashEquivalentsAtCarryingValue $ 85,900us-gaap_CashAndCashEquivalentsAtCarryingValue