Discover this contemporary downtown Washington DC hotel, situated at the corner of Lafayette Square, bordering the White House. The AP news staff was not involved in its creation.Connect with the definitive source for global and local news The Company’s presentation of EBITDAre, and as adjusted by the Company, should not be considered as an alternative to net income (computed in accordance with GAAP) as an indicator of the Company’s financial performance or to cash flow from operating activities (computed in accordance with GAAP) as an indicator of its liquidity. Based on the hotels’ operating performance for 2019, the contracted sales price reflects a 13.7x EBITDA multiple and a 6.4% net operating income capitalization rate. As a result, we have reopened an additional 10 urban hotels and expect to reopen another 5 in the next several weeks. I expected my room to be a little bigger but the bathroom was nice. Sofitel Washington DC Lafayette Square offers exclusive luxury accommodations in the nations capital. Sofitel Washington DC Lafayette Square ☆☆☆☆☆© sofitel 2020. Read the Sofitel Washington DC Lafayette Square Hotel, United States hotel review on Telegraph Travel. — March 9, 2020 — Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it closed on the sale of the 422-room InterContinental Buckhead Atlanta in Atlanta, Georgia and the 237-room Sofitel Washington DC Lafayette Square in Washington, D.C. for $331.0 million to a third party on March 6, 2020. While the operations of many of our hotels were temporarily suspended beginning in March 2020, the above schedule of hotel results for the three and six months ended June 30, includes information from all hotels owned as of June 30, 2020, except, for the first and second quarters in both 2020 and 2019, Hotel Zena Washington DC, formerly known as Donovan Hotel, because it was closed during the first and second quarters of 2020 for renovation. To participate in the conference call, please dial (877) 705-6003 approximately ten minutes before the call begins. On June 15, 2020, the Company declared a quarterly cash dividend of $0.01 per share on its common shares as well as a regular quarterly cash dividend for the following preferred shares of beneficial interest: We stayed in a big room and felt it had adequate space for each person. The MarketWatch News Department was not involved in the creation of this content. In addition, $242.6 million of the Company’s $300.0 million November 2021 debt maturity was extended to November 2022. ©Copyright 2019 | Hotel-Online.com | All Rights Reserved Pebblebrook Hotel Trust Completes Sale of InterContinental Buckhead Atlanta and Sofitel Washington DC Lafayette Square Earnings before Interest, Taxes, and Depreciation and Amortization for Real Estate (""EBITDAre"") - The Company believes that EBITDAre provides investors a useful financial measure to evaluate its operating performance, and the Company presents EBITDAre in accordance with the National Association of Real Estate Investment Trusts (""Nareit"") guidelines, as defined in its September 2017 white paper ""Earnings Before Interest, Taxes, Depreciation and Amortization for Real Estate."" In the second quarter of 2020, the Company completed $39.5 million of capital investments throughout its portfolio. Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it closed on the sale of the 422-room InterContinental Buckhead Atlanta in Atlanta, Georgia and the 237-room Sofitel Washington DC Lafayette Square in Washington, D.C. for $331.0 million to a third party on March 6, 2020. It intends to issue new guidance when it has more clarity on government restrictions, advances in health solutions, the economy, travel demand and more predictable overall operating fundamentals and trends. Both the EBITDA multiple and net operating income capitalization rate based on operating performance for 2019 are adjusted for the estimated impact of one-time extraordinary events.For Sofitel Washington DC Lafayette Square, the contracted sale price reflects a 15.1x EBITDA multiple and a 5.7% net operating income capitalization rate based on the hotel’s operating performance for 2018. ... Tag: Sofitel Washington DC. INDUSTRY KEYWORD: REIT LODGING COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY TRAVEL The Company owns 53 hotels, totaling approximately 13,200 guestrooms across 14 urban and resort markets, with a focus on the west coast gateway cities.
Throughout the rest of the quarter, hotel industry demand gradually and consistently improved each month as states and cities reopened and began to ease restrictive mandates. From design details to exhibitions and events, discover what makes our hotel so unique.

But since Covid-19 became a serious threat I have stayed home. The information above has not been audited and is presented only for comparison purposes. The EBITDA multiple and net operating capitalization rate are based on the applicable hotel's estimated trailing twelve-month operating performance for 2018. So why not stay a little...AAA members get a special discount at our downtown Washington, D.C. hotel. Based on the hotel’s operating performance for 2019, the contracted sales price reflects a 13.0x EBITDA multiple and a 6.8% net operating income capitalization rate. For more information, visit This press release includes certain non-GAAP financial measures. In combination with the $331.0 million of hotel property sales from the first quarter of 2020, the Company has sold a total of $387.0 million of hotel properties year to date. In addition, we continue to evolve and adapt our hotel operating strategies due to the pandemic and changes in guests' preferences. Of the Company's outstanding debt, $2.0 billion was in the form of unsecured term loans, and $390.0 million was outstanding on its $650.0 million senior unsecured revolving credit facility. Take in a stunning array of Art Deco style in our historic building when you check-in, then settle into your refined room with elegant accents and timeless décor.

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