SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure (Notes)

12 Months Ended

Dec. 31, 2017

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure

Pebblebrook Hotel Trust
Schedule III--Real Estate and Accumulated Depreciation
As of December 31, 2017
(In thousands)
					Initial Costs								Gross Amount at End of Year
Description			Encumbrances		Land		Building and Improvements		Furniture, Fixtures and Equipment		Cost Capitalized Subsequent to Acquisition (1)		Land		Building and Improvements		Furniture, Fixtures and Equipment		Total		Accumulated Depreciation		Net Book Value		Year of Original Construction	Date of Acquisition	Depreciation Life
Sir Francis Drake			$	—	$	22,500	$	60,547	$	6,953	$	20,863	$	22,500	$	73,007	$	15,356	$	110,863	$	28,577	$	82,286	1928	6/22/2010	3-40 years
InterContinental Buckhead Atlanta			—		25,000		68,844		11,000		13,035		25,000		74,663		18,216		117,879		30,777		87,102		2004	7/1/2010	3-40 years
Hotel Monaco Washington DC			—		—		60,630		2,441		21,997		—		74,976		10,092		85,068		18,812		66,256		1839	9/9/2010	3-40 years
The Grand Hotel Minneapolis			—		4,950		26,616		300		10,540		4,950		33,382		4,074		42,406		10,410		31,996		1912	9/29/2010	3-40 years
Skamania Lodge			—		7,130		44,987		3,523		13,354		7,130		53,347		8,517		68,994		15,666		53,328		1993	11/3/2010	3-40 years
Le Meridien Delfina Santa Monica			—		18,784		81,580		2,295		15,412		18,784		90,481		8,806		118,071		24,122		93,949		1972	11/19/2010	3-40 years
Sofitel Philadelphia			—		18,000		64,256		4,639		9,598		18,000		69,838		8,655		96,493		20,009		76,484		2000	12/3/2010	3-40 years
Argonaut Hotel			—		—		79,492		4,247		7,651		—		83,477		7,913		91,390		21,265		70,125		1907	2/16/2011	3-40 years
The Westin San Diego Gaslamp Quarter	(2	)	70,573		25,537		86,089		6,850		21,056		25,537		103,729		10,266		139,532		26,522		113,010		1987	4/6/2011	1-40 years
Hotel Monaco Seattle			—		10,105		38,888		2,073		10,467		10,105		44,207		7,221		61,533		12,983		48,550		1969	4/7/2011	3-40 years
Mondrian Los Angeles			—		20,306		110,283		6,091		11,535		20,306		116,026		11,883		148,215		28,725		119,490		1959	5/3/2011	3-40 years
W Boston			—		19,453		63,893		5,887		11,315		19,453		70,301		10,794		100,548		19,149		81,399		2009	6/8/2011	2-40 years
Hotel Zetta San Francisco			—		7,294		22,166		290		16,173		7,294		34,547		4,082		45,923		8,249		37,674		1913	4/4/2012	3-40 years
Hotel Vintage Seattle			—		8,170		23,557		706		7,698		8,170		28,726		3,235		40,131		6,162		33,969		1922	7/9/2012	3-40 years
Hotel Vintage Portland			—		6,222		23,012		1,093		13,624		6,222		32,844		4,885		43,951		7,067		36,884		1894	7/9/2012	3-40 years
W Los Angeles - West Beverly Hills			—		24,403		93,203		3,600		22,493		24,403		111,667		7,629		143,699		19,693		124,006		1969	8/23/2012	3-40 years
Hotel Zelos San Francisco			—		—		63,430		3,780		8,850		—		69,322		6,738		76,060		14,704		61,356		1907	10/25/2012	3-40 years
Embassy Suites San Diego Bay - Downtown			—		20,103		90,162		6,881		14,747		20,103		101,204		10,586		131,893		20,177		111,716		1988	1/29/2013	3-40 years
Hotel Modera			—		8,215		37,874		1,500		5,645		8,215		41,001		4,018		53,234		6,777		46,457		1962	8/28/2013	3-40 years
Hotel Zephyr Fisherman's Wharf			—		—		116,445		3,550		34,144		—		146,535		7,604		154,139		19,468		134,671		1964	12/9/2013	3-40 years

Pebblebrook Hotel Trust
Schedule III--Real Estate and Accumulated Depreciation - Continued
As of December 31, 2017
(In thousands)
Hotel Zeppelin San Francisco (formerly Prescott Hotel)	—		12,561		43,665		1,094		35,634			12,561		74,507		5,886		92,954		9,537		83,417		1913	5/22/2014	1-45 years
The Nines, a Luxury Collection Hotel, Portland	—		18,493		92,339		8,757		8,961			18,493		97,380		12,677		128,550		13,973		114,577		1909	7/17/2014	3-40 years
Hotel Colonnade Coral Gables, a Tribute Portfolio Hotel (formerly The Westin Colonnade Coral Gables)	—		12,108		46,317		1,271		18,940			12,108		58,347		8,181		78,636		8,217		70,419		1989	11/12/2014	2-40 years
Hotel Palomar Los Angeles Beverly Hills	—		—		90,675		1,500		12,965			—		99,234		5,906		105,140		9,242		95,898		1972	11/20/2014	3-40 years
Union Station Hotel Nashville, Autograph Collection	—		—		37,803		6,833		20,051			—		53,521		11,166		64,687		8,717		55,970		1900	12/10/2014	3-40 years
Revere Hotel Boston Common	—		41,857		207,817		10,596		(50,173		)	17,367		174,530		18,200		210,097		18,415		191,682		1972	12/18/2014	3-40 years
LaPlaya Beach Resort and LaPlaya Beach Club	—		112,575		82,117		6,733		12,079			112,575		89,956		10,973		213,504		10,517		202,987		1968	5/21/2015	3-40 years
Hotel Zoe San Francisco (formerly The Tuscan Fisherman's Wharf)	—		29,125		90,323		2,500		18,534			29,125		104,560		6,797		140,482		9,690		130,792		1990	6/11/2015	2-40 years
	$	70,573	$	472,891	$	1,947,010	$	116,983	$	367,188		$	448,401	$	2,205,315	$	250,356	$	2,904,072	$	447,622	$	2,456,450

⁽¹⁾ Disposals are reflected as reductions to cost capitalized subsequent to acquisition.

⁽²⁾ Encumbrance on the The Westin San Diego Gaslamp Quarter is presented at face value, which excludes deferred financing costs of $0.1 million at December 31, 2017.

Pebblebrook Hotel Trust
Schedule III--Real Estate and Accumulated Depreciation - Continued
As of December 31, 2017
(In thousands)
Reconciliation of Real Estate and Accumulated Depreciation:
Reconciliation of Real Estate:
Balance at December 31, 2014	$	2,538,270
Acquisitions	323,373
Capital expenditures	101,131
Disposal of Assets	(6,013		)
Balance at December 31, 2015	$	2,956,761
Acquisitions	319,800
Capital expenditures	105,074
Disposal of Assets	(350,496		)
Balance at December 31, 2016	$	3,031,139
Acquisitions	—
Capital expenditures	80,737
Disposal of Assets	(207,804		)
Balance at December 31, 2017	$	2,904,072
Reconciliation of Accumulated Depreciation:
Balance at December 31, 2014	$	194,580
Depreciation	94,610
Disposal of Assets	(6,013		)
Balance at December 31, 2015	$	283,177
Depreciation	101,060
Disposal of Assets	(25,752		)
Balance at December 31, 2016	$	358,485
Depreciation	101,157
Disposal of Assets	(12,020		)
Balance at December 31, 2017	$	447,622

The aggregate cost of properties for federal income tax purposes is approximately $2,937,673 thousand as of December 31, 2017.