Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2018

SEC Schedule, 12-28, Real Estate Companies, Investment in 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, 2018
(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	$	30,033	$	22,500	$	78,764	$	18,769	$	120,033	$	31,700	$	88,333	1928	6/22/2010	3-40 years
InterContinental Buckhead Atlanta			—		25,000		68,844		11,000		14,293		25,000		74,912		19,225		119,137		33,719		85,418		2004	7/1/2010	3-40 years
Hotel Monaco Washington DC			—		—		60,630		2,441		22,559		—		75,530		10,100		85,630		22,373		63,257		1839	9/9/2010	3-40 years
Skamania Lodge			—		7,130		44,987		3,523		18,331		7,130		55,257		11,584		73,971		18,217		55,754		1993	11/3/2010	3-40 years
Le Meridien Delfina Santa Monica			—		18,784		81,580		2,295		16,787		18,784		91,001		9,661		119,446		27,734		91,712		1972	11/19/2010	3-40 years
Sofitel Philadelphia at Rittenhouse Square			—		18,000		64,256		4,639		14,199		18,000		71,220		11,874		101,094		22,684		78,410		2000	12/3/2010	3-40 years
Argonaut Hotel			—		—		79,492		4,247		8,121		—		83,608		8,252		91,860		24,139		67,721		1907	2/16/2011	3-40 years
The Westin San Diego Gaslamp Quarter	(2	)	68,207		25,537		86,089		6,850		21,875		25,537		104,392		10,422		140,351		30,272		110,079		1987	4/6/2011	1-40 years
Hotel Monaco Seattle			—		10,105		38,888		2,073		11,774		10,105		45,282		7,453		62,840		15,192		47,648		1969	4/7/2011	3-40 years
Mondrian Los Angeles			—		20,306		110,283		6,091		24,942		20,306		118,802		22,514		161,622		33,691		127,931		1959	5/3/2011	3-40 years
W Boston			—		19,453		63,893		5,887		16,896		19,453		71,465		15,211		106,129		22,167		83,962		2009	6/8/2011	2-40 years
Hotel Zetta San Francisco			—		7,294		22,166		290		16,532		7,294		34,632		4,356		46,282		9,847		36,435		1913	4/4/2012	3-40 years
Hotel Vintage Seattle			—		8,170		23,557		706		8,421		8,170		29,351		3,333		40,854		7,547		33,307		1922	7/9/2012	3-40 years
Hotel Vintage Portland			—		6,222		23,012		1,093		15,858		6,222		34,667		5,296		46,185		9,104		37,081		1894	7/9/2012	3-40 years
W Los Angeles - West Beverly Hills			—		24,403		93,203		3,600		22,833		24,403		111,797		7,839		144,039		24,384		119,655		1969	8/23/2012	3-40 years
Hotel Zelos San Francisco			—		—		63,430		3,780		14,474		—		71,885		9,799		81,684		17,228		64,456		1907	10/25/2012	3-40 years
Embassy Suites San Diego Bay - Downtown			—		20,103		90,162		6,881		17,247		20,103		104,162		10,128		134,393		24,837		109,556		1988	1/29/2013	3-40 years
Hotel Modera			—		8,215		37,874		1,500		7,515		8,215		42,409		4,480		55,104		8,398		46,706		1962	8/28/2013	3-40 years
Hotel Zephyr Fisherman's Wharf			—		—		116,445		3,550		38,367		—		151,485		6,877		158,362		25,643		132,719		1964	12/9/2013	3-40 years
Hotel Zeppelin San Francisco			—		12,561		43,665		1,094		35,764		12,561		74,548		5,975		93,084		13,483		79,601		1913	5/22/2014	1-45 years

Pebblebrook Hotel Trust
Schedule III--Real Estate and Accumulated Depreciation - Continued
As of December 31, 2018
(In thousands)
The Nines, a Luxury Collection Hotel, Portland	—	18,493	92,339	8,757	10,502		18,493	98,082	13,516	130,091	18,612	111,479	1909	7/17/2014	3-40 years
Hotel Colonnade Coral Gables, a Tribute Portfolio Hotel	—	12,108	46,317	1,271	19,205		12,108	58,657	8,136	78,901	11,187	67,714	1989	11/12/2014	2-40 years
Hotel Palomar Los Angeles Beverly Hills	—	—	90,675	1,500	13,425		—	99,398	6,202	105,600	13,013	92,587	1972	11/20/2014	3-40 years
Union Station Hotel Nashville, Autograph Collection	—	—	37,803	6,833	21,376		—	54,536	11,476	66,012	12,746	53,266	1900	12/10/2014	3-40 years
Revere Hotel Boston Common	—	41,857	207,817	10,596	(45,079	)	17,367	179,969	17,855	215,191	27,010	188,181	1972	12/18/2014	3-40 years
LaPlaya Beach Resort and Club	—	112,575	82,117	6,733	26,354		112,575	103,146	12,058	227,779	15,529	212,250	1968	5/21/2015	3-40 years
Hotel Zoe Fisherman's Wharf	—	29,125	90,323	2,500	18,955		29,125	104,740	7,038	140,903	13,741	127,162	1990	6/11/2015	2-40 years
Villa Florence San Francisco on Union Square	—	26,950	101,061	6,737	34		26,950	101,061	6,771	134,782	291	134,491	1908	11/30/2018	3-40 years
Hotel Vitale	—	—	122,886	6,142	99		—	122,886	6,241	129,127	329	128,798	2005	11/30/2018	3-40 years
The Marker San Francisco	—	22,697	85,115	5,674	145		22,697	85,115	5,819	113,631	245	113,386	1910/1995	11/30/2018	3-40 years
Hotel Spero	—	21,371	80,140	5,343	141		21,371	80,140	5,484	106,995	231	106,764	1928/1999	11/30/2018	3-40 years
Chaminade Resort & Spa	—	13,088	49,081	3,544	330		13,088	49,081	3,874	66,043	141	65,902	1985	11/30/2018	3-40 years
Harbor Court Hotel San Francisco	—	—	33,324	—	121		—	33,324	121	33,445	69	33,376	1926/1991	11/30/2018	3-40 years
Viceroy Santa Monica Hotel	—	—	98,905	4,820	162		—	98,905	4,982	103,887	263	103,624	1967/2002	11/30/2018	3-40 years
Le Parc Suite Hotel	—	17,177	64,415	4,294	118		17,177	64,415	4,412	86,004	185	85,819	1970	11/30/2018	3-40 years
Hotel Amarano Burbank	—	14,292	53,597	3,573	47		14,292	53,597	3,620	71,509	154	71,355	2002	11/30/2018	3-40 years
Montrose West Hollywood	—	16,414	61,553	4,104	170		16,414	61,553	4,274	82,241	177	82,064	1976	11/30/2018	3-40 years
Chamberlain West Hollywood Hotel	—	12,720	47,701	3,180	687		12,720	47,701	3,867	64,288	137	64,151	1970/2005	11/30/2018	3-40 years
Grafton on Sunset	—	10,200	38,250	2,550	169		10,200	38,250	2,719	51,169	110	51,059	1954	11/30/2018	3-40 years
The Westin Copley Place, Boston	—	—	310,947	22,888	362		—	310,952	23,245	334,197	920	333,277	1983	11/30/2018	3-40 years
The Liberty, A Luxury Collection Hotel, Boston	—	—	215,744	13,000	327		—	215,744	13,327	229,071	604	228,467	1851/2007	11/30/2018	3-40 years

Schedule III--Real Estate and Accumulated Depreciation - Continued
As of December 31, 2018
(In thousands)
Hyatt Regency Boston Harbor	—		—		125,444		6,309		60		—		125,444		6,369		131,813		336		131,477		1993	11/30/2018	3-40 years
Onyx Hotel	—		15,000		42,600		2,400		259		15,000		42,600		2,659		60,259		117		60,142		2004	11/30/2018	3-40 years
Hotel Palomar Washington DC	—		28,290		106,088		7,073		125		28,290		106,088		7,198		141,576		305		141,271		1962	11/30/2018	3-40 years
Sofitel Washington DC Lafayette Square	—		26,154		98,077		6,538		10		26,154		98,077		6,548		130,779		282		130,497		2002	11/30/2018	3-40 years
The Liaison Capitol Hill	—		22,200		83,250		5,550		129		22,200		83,313		5,616		111,129		240		110,889		1968	11/30/2018	3-40 years
George Hotel	—		17,078		64,043		4,270		26		17,078		64,043		4,296		85,417		184		85,233		1928	11/30/2018	3-40 years
Mason & Rook Hotel	—		16,490		61,839		4,123		172		16,490		61,839		4,295		82,624		178		82,446		1962	11/30/2018	3-40 years
Donovan Hotel	—		16,301		61,127		4,075		431		16,301		61,127		4,506		81,934		176		81,758		1972	11/30/2018	3-40 years
Rouge Hotel	—		8,600		32,250		2,150		146		8,600		32,250		2,296		43,146		93		43,053		1963	11/30/2018	3-40 years
Topaz Hotel	—		6,200		23,250		1,550		128		6,200		23,250		1,678		31,128		67		31,061		1963	11/30/2018	3-40 years
Hotel Madera	—		5,200		19,500		1,300		426		5,200		19,500		1,726		26,426		56		26,370		1963	11/30/2018	3-40 years
Paradise Point Resort & Spa	—		—		204,133		13,254		1,147		—		204,133		14,401		218,534		583		217,951		1962	11/30/2018	3-40 years
Hilton San Diego Gaslamp Quarter	—		35,976		136,708		7,195		323		35,976		136,708		7,518		180,202		370		179,832		2000	11/30/2018	3-40 years
Solamar Hotel	—		—		74,730		4,801		21		—		74,730		4,822		79,552		213		79,339		2005	11/30/2018	3-40 years
L'Auberge Del Mar	—		32,749		93,006		5,240		237		32,749		93,006		5,477		131,232		256		130,976		1989	11/30/2018	3-40 years
Hilton San Diego Resort & Spa	—		—		105,050		4,380		2,782		—		105,050		7,162		112,212		271		111,941		1962	11/30/2018	3-40 years
The Heathman Hotel	—		12,000		44,999		3,000		138		12,000		44,999		3,138		60,137		129		60,008		1927	11/30/2018	3-40 years
Southernmost Beach Resort	—		116,477		214,885		9,978		388		116,477		214,917		10,334		341,728		549		341,179		1958-2008	11/30/2018	3-40 years
The Marker Key West	—		33,198		58,808		2,846		95		33,198		58,808		2,941		94,947		156		94,791		2014	11/30/2018	3-40 years
The Roger New York	—		—		46,489		—		54		—		46,489		54		46,543		97		46,446		1930/1998	11/30/2018	3-40 years
Hotel Chicago Downtown, Autograph Collection	—		32,240		120,900		8,060		101		32,240		120,900		8,161		161,301		348		160,953		1998	11/30/2018	3-40 years
The Westin Michigan Avenue Chicago	—		34,349		128,807		8,587		295		34,348		128,807		8,883		172,038		371		171,667		1963/1972	11/30/2018	3-40 years
	$	68,207	$	1,081,352	$	5,229,096	$	315,211	$	451,964	$	1,056,861	$	5,532,499	$	488,263	$	7,077,623	$	543,430	$	6,534,193

⁽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, 2018.

Pebblebrook Hotel Trust
Schedule III--Real Estate and Accumulated Depreciation - Continued
As of December 31, 2018
(In thousands)
Reconciliation of Real Estate and Accumulated Depreciation:
Reconciliation of Real Estate:
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
Acquisitions	4,120,641
Capital expenditures	95,348
Disposal of Assets	(42,438		)
Balance at December 31, 2018	$	7,077,623
Reconciliation of Accumulated Depreciation:
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
Depreciation	107,496
Disposal of Assets	(11,688		)
Balance at December 31, 2018	$	543,430

The aggregate cost of properties for federal income tax purposes is approximately $6,550,696 thousand as of December 31, 2018.