SCHEDULE: Alyeska Investment Group Discloses 5.5% Stake in Pebblebrook

Alyeska Investment Group, L.P. and its affiliates have reported a 5.5% beneficial ownership stake in Pebblebrook Hotel Trust's Class A Common Stock.

Summary

• Alyeska Investment Group, L.P., Alyeska Fund GP, LLC, and Anand Parekh collectively beneficially own 6,268,902 shares of Pebblebrook Hotel Trust's Class A Common Stock.
• This ownership represents 5.5% of the outstanding Class A Common Stock of Pebblebrook Hotel Trust.
• The filing was made under Rule 13d-1(b), indicating the reporting persons are institutional investors, specifically an investment adviser.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• The percentage calculation is based on 113,595,629 outstanding Common Stock of the Issuer, as reported in Pebblebrook Hotel Trust's Form 10-Q filed with the SEC on November 5, 2025.

Sentiment

Score: 7

Explanation: The disclosure of a new 5.5% stake by a reputable investment group is generally viewed positively as it indicates institutional confidence in the company, although it is a passive investment.

Positives

• A significant institutional investor, Alyeska Investment Group, has taken a 5.5% stake in Pebblebrook Hotel Trust, potentially signaling confidence in the company's prospects.
• The acquisition was made in the ordinary course of business, suggesting a long-term investment perspective rather than an activist stance.

Future Outlook

The filing does not contain any forward-looking statements or guidance from the issuer or the reporting persons regarding future performance or strategic direction, beyond the reporting persons' certification that the shares were acquired in the ordinary course of business.

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

Industry Context

The disclosure of a significant stake by a prominent investment group like Alyeska in a hotel REIT like Pebblebrook Hotel Trust could be interpreted as a positive signal for the hotel and hospitality sector, suggesting potential recovery or strong fundamentals within the industry.

Stakeholder Impact

• Shareholders: May view the significant institutional investment as a positive indicator of the company's value and future prospects, potentially leading to increased investor confidence.

Key Dates

Recommendation

The filing indicates a significant institutional investor has taken a passive stake, which is generally a positive signal. However, without further information on the investor's specific thesis or any operational changes, a 'hold' recommendation is prudent. Investors should monitor future developments and the company's performance.

Keywords

Pebblebrook Hotel Trust, Alyeska Investment Group, PBH, Hotel REIT, Beneficial Ownership, Schedule 13G, Institutional Investment, Real Estate Investment Trust