Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2023

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III, Real Estate and Accumulated Depreciation

Pebblebrook Hotel Trust
Schedule III--Real Estate and Accumulated Depreciation
As of December 31, 2023
(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
Hotel Monaco Washington DC	$	—	$	—	$	60,630	$	2,441	$	23,928	$	—	$	79,533	$	7,466	$	86,999	$	35,732	$	51,267	1839	9/9/2010	3-40 years
Skamania Lodge	—		7,130		44,987		3,523		46,549		11,671		79,854		10,664		102,189		32,415		69,774		1993	11/3/2010	3-40 years
Le Meridien Delfina Santa Monica	—		18,784		81,580		2,295		16,158		18,783		95,751		4,283		118,817		37,539		81,278		1972	11/19/2010	3-40 years
Argonaut Hotel	—		—		79,492		4,247		2,933		—		84,106		2,566		86,672		30,618		56,054		1907	2/16/2011	3-40 years
The Westin San Diego Gaslamp Quarter	—		25,537		86,089		6,850		33,554		25,537		117,161		9,332		152,030		46,902		105,128		1987	4/6/2011	1-40 years
Mondrian Los Angeles	—		20,306		110,283		6,091		25,797		20,306		130,134		12,037		162,477		53,163		109,314		1959	5/3/2011	3-40 years
W Boston	—		19,453		63,893		5,887		20,188		19,453		79,243		10,725		109,421		33,881		75,540		2009	6/8/2011	2-40 years
Hotel Zetta San Francisco	—		7,294		22,166		290		18,153		7,294		35,507		5,102		47,903		16,700		31,203		1913	4/4/2012	3-40 years
W Los Angeles - West Beverly Hills	—		24,403		93,203		3,600		33,122		24,403		119,507		10,418		154,328		49,034		105,294		1969	8/23/2012	3-40 years
Hotel Zelos San Francisco	—		—		63,430		3,780		13,834		—		74,993		6,051		81,044		28,290		52,754		1907	10/25/2012	3-40 years
Embassy Suites San Diego Bay - Downtown	—		20,103		90,162		6,881		30,249		20,103		118,380		8,912		147,395		43,671		103,724		1988	1/29/2013	3-40 years
The Hotel Zags	—		8,215		37,874		1,500		(1,876)		5,197		37,029		3,487		45,713		15,582		30,131		1962	8/28/2013	3-40 years
Hotel Zephyr Fisherman's Wharf	—		—		116,445		3,550		42,113		—		153,970		8,138		162,108		55,992		106,116		1964	12/9/2013	3-40 years
Hotel Zeppelin San Francisco	—		12,561		43,665		1,094		37,769		12,561		76,277		6,251		95,089		32,671		62,418		1913	5/22/2014	1-45 years
The Nines, a Luxury Collection Hotel, Portland	—		18,493		92,339		8,757		17,456		18,493		101,482		17,070		137,045		39,787		97,258		1909	7/17/2014	3-40 years
Hotel Palomar Los Angeles Beverly Hills	—		—		90,675		1,500		15,243		—		100,806		6,612		107,418		31,210		76,208		1972	11/20/2014	3-40 years
Revere Hotel Boston Common	—		41,857		207,817		10,596		(38,621)		17,367		185,057		19,225		221,649		66,793		154,856		1972	12/18/2014	3-40 years
LaPlaya Beach Resort & Club	—		112,575		82,117		6,733		42,732		112,929		121,535		9,693		244,157		32,641		211,516		1968	5/21/2015	3-40 years
1 Hotel San Francisco	—		—		105,693		3,896		38,786		—		133,840		14,535		148,375		27,391		120,984		2005	11/30/2018	3-40 years
Chaminade Resort & Spa	—		22,590		37,114		6,009		18,037		22,638		52,055		9,057		83,750		16,174		67,576		1985	11/30/2018	3-40 years

Pebblebrook Hotel Trust
Schedule III--Real Estate and Accumulated Depreciation
As of December 31, 2023
(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
Harbor Court Hotel San Francisco	—	—	79,009	6,190	1,932	—	80,156	6,975	87,131	15,290	71,841	1926/1991	11/30/2018	3-40 years
Viceroy Santa Monica Hotel	—	—	91,442	5,257	19,194	—	105,213	10,680	115,893	22,252	93,641	1967/2002	11/30/2018	3-40 years
Le Parc Suite Hotel	—	17,876	65,515	2,496	13,367	17,902	74,999	6,353	99,254	15,744	83,510	1970	11/30/2018	3-40 years
Montrose West Hollywood	—	16,842	58,729	6,499	2,863	16,842	60,104	7,987	84,933	13,304	71,629	1976	11/30/2018	3-40 years
Chamberlain West Hollywood Hotel	—	14,462	43,157	5,983	2,200	14,481	44,519	6,802	65,802	10,601	55,201	1970/2005	11/30/2018	3-40 years
Hotel Ziggy	—	12,440	36,932	3,951	7,264	12,440	42,229	5,918	60,587	10,375	50,212	1954	11/30/2018	3-40 years
The Westin Copley Place, Boston	—	—	291,754	35,780	16,227	—	304,255	39,506	343,761	65,970	277,791	1983	11/30/2018	3-40 years
The Liberty, a Luxury Collection Hotel, Boston	—	—	195,797	15,126	6,972	—	200,521	17,374	217,895	37,773	180,122	1851/2007	11/30/2018	3-40 years
Hyatt Regency Boston Harbor	—	—	122,344	6,862	9,355	—	130,282	8,279	138,561	24,857	113,704	1993	11/30/2018	3-40 years
George Hotel	—	15,373	65,529	4,489	1,058	15,373	66,122	4,954	86,449	13,044	73,405	1928	11/30/2018	3-40 years
Viceroy Washington DC	—	18,686	60,927	2,838	(5,467)	14,035	56,527	6,422	76,984	14,507	62,477	1962	11/30/2018	3-40 years
Hotel Zena Washington DC	—	19,035	60,402	2,066	28,947	19,035	85,366	6,049	110,450	17,083	93,367	1972	11/30/2018	3-40 years
Paradise Point Resort & Spa	—	—	199,304	22,032	16,194	236	208,661	28,633	237,530	46,592	190,938	1962	11/30/2018	3-40 years
Hilton San Diego Gaslamp Quarter	—	33,017	131,926	7,741	26,081	33,017	152,059	13,689	198,765	27,789	170,976	2000	11/30/2018	3-40 years
Margaritaville Hotel San Diego Gaslamp Quarter	—	—	74,768	8,830	56,689	23,472	97,702	19,113	140,287	22,903	117,384	2005	11/30/2018	3-40 years
L'Auberge Del Mar	—	33,304	92,297	5,393	15,285	33,316	103,565	9,398	146,279	19,899	126,380	1989	11/30/2018	3-40 years
San Diego Mission Bay Resort	—	—	80,733	9,458	28,234	95	100,399	17,931	118,425	29,141	89,284	1962	11/30/2018	3-40 years
Southernmost Beach Resort	—	90,396	253,954	8,676	37,903	91,859	280,837	18,233	390,929	46,767	344,162	1958-2008	11/30/2018	3-40 years
The Marker Key West Harbor Resort	—	25,463	66,903	2,486	1,633	25,463	67,200	3,822	96,485	12,614	83,871	2014	11/30/2018	3-40 years
Hotel Chicago Downtown, Autograph Collection	—	39,576	114,014	7,608	(55,897)	25,181	71,541	8,579	105,301	17,347	87,954	1998	11/30/2018	3-40 years
The Westin Michigan Avenue Chicago	—	44,983	103,160	23,744	(14,645)	37,123	94,197	25,922	157,242	30,932	126,310	1963/1972	11/30/2018	3-40 years

Pebblebrook Hotel Trust
Schedule III--Real Estate and Accumulated Depreciation
As of December 31, 2023
(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
Jekyll Island Club Resort	—		—		88,912		5,031		21,281		—		102,975		12,249		115,224		14,314		100,910		1886/1986	7/22/2021	2-40 years
Margaritaville Hollywood Beach Resort(2)	140,000		—		244,230		22,288		7,899		—		248,537		25,880		274,417		25,822		248,595		2015	9/23/2021	3-40 years
Estancia La Jolla Hotel & Spa(3)	57,497		—		104,280		3,646		22,826		237		119,610		10,905		130,752		11,696		119,056		2004	12/1/2021	2-40 years
Inn on Fifth	—		50,503		95,826		7,989		1,841		50,503		96,937		8,719		156,159		6,885		149,274		1960	5/11/2022	3-40 years
Newport Harbor Island Resort	—		43,287		118,227		12,817		21,877		43,288		126,342		26,578		196,208		16,580		179,628		1969	6/23/2022	3-40 years
	$	197,497	$	834,544	$	4,549,725	$	334,796	$	727,217	$	810,633	$	5,097,075	$	538,574	$	6,446,282	$	1,316,267	$	5,130,015

______________________

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

(2)     Encumbrance on Margaritaville Hollywood Beach Resort is presented at face value, which excludes unamortized deferred financing costs of $2.1 million at December 31, 2023.

(3)     Encumbrance on Estancia La Jolla Hotel & Spa is presented at face value, which excludes unamortized deferred financing costs of $0.2 million at December 31, 2023.

Pebblebrook Hotel Trust
Schedule III--Real Estate and Accumulated Depreciation - Continued
As of December 31, 2023
(in thousands)
Reconciliation of Real Estate and Accumulated Depreciation:
Reconciliation of Real Estate:
Balance at December 31, 2020	$	6,459,745
Acquisitions	488,447
Capital expenditures	86,936
Disposal of Assets	(253,469)
Other	(14,856)
Balance at December 31, 2021	$	6,766,803
Acquisitions	331,249
Capital expenditures	105,626
Disposal of Assets	(359,083)
Other	(115,214)
Balance at December 31, 2022	$	6,729,381
Capital expenditures	188,520
Disposal of Assets	(400,705)
Other	(70,914)
Balance at December 31, 2023	$	6,446,282
Reconciliation of Accumulated Depreciation:
Balance at December 31, 2020	$	898,287
Depreciation	223,225
Disposal of Assets	(55,103)
Balance at December 31, 2021	$	1,066,409
Depreciation	238,278
Disposal of Assets	(124,253)
Balance at December 31, 2022	$	1,180,434
Depreciation	239,422
Disposal of Assets	(103,589)
Balance at December 31, 2023	$	1,316,267

The aggregate cost of properties for federal income tax purposes is approximately $6.0 billion as of December 31, 2023.