📊 Topic

Capital Improvements

2 stories · First covered Mar 21, 2026 · Latest Apr 13
Related: RevPAR 1 Park Hotels & Resorts 1 RevPAR Growth 1 Pebblebrook Hotel Trust 1 hotel REIT 1 San Francisco hotel market 1 Impairment charges 1 Portfolio reshaping 1 Debt financing 1 Royal Palm Miami 1 Adjusted Hotel EBITDA 1 Same-property EBITDA 1
RevPAR Growth
Debt financing
Capital Improvements Coverage
Pebblebrook's Q4 Beat Looks Strong. The 2026 CapEx Bill Tells a Different Story.
REITs Primary
Apr 13

Pebblebrook's Q4 Beat Looks Strong. The 2026 CapEx Bill Tells a Different Story.

Pebblebrook posted 3.9% same-property EBITDA growth in Q4 and guided 2-4% RevPAR growth for 2026. But $65-75 million in capital improvements means owners should be asking what that spend does to free cash flow before celebrating the top line.

JC
Jordan Chen 2 min read · Apr 13
Park Hotels Lost $1.04 Per Share in Q4. The Core Portfolio Tells a Different Story.
REITs
Mar 21

Park Hotels Lost $1.04 Per Share in Q4. The Core Portfolio Tells a Different Story.

Park Hotels & Resorts posted a massive Q4 miss driven by $248 million in impairment charges on non-core assets, but the headline obscures what's actually happening: a REIT deliberately burning down part of its portfolio to concentrate on properties generating 90% of its EBITDA.

JC
Jordan Chen 2 min read · Mar 21