A 506-key downtown Portland Marriott just traded at $59 per key. That number tells you everything about what's happening in distressed urban hotel markets right now... and what the buyer is betting on.
Pebblebrook just scheduled its Q1 2026 earnings call for April 29. The interesting number isn't on the calendar... it's the gap between their 2026 guidance and what the portfolio actually delivered last year.
A 506-room downtown Marriott just traded at a 63% discount to its 2013 purchase price, with occupancy barely clearing 23%. The per-key price tells a story about Portland, about convention hotels, and about what happens when debt and reality stop agreeing.
