Honigman Represents Pebblebrook Hotel Trust as it Closes New $450 Million Unsecured Term Loan and Completes Extension of $650 Million Unsecured Revolving Credit Facility

Honigman recently advised Pebblebrook Hotel Trust (NYSE: PEB), a real estate investment trust and owner of urban and resort lifestyle hotels across the United States, on a series of transactions to refinance its near-term debt maturities.

This includes a new $450 million senior unsecured term loan, the early repayments of the Margaritaville Hollywood Beach Resort mortgage due in 2026 and the 2027 term loan, as well as the extension of the remaining $48 million portion of the revolving credit facility, restoring total revolver capacity to $650 million through October 2029, with two optional six-month extensions.

A Honigman deal team led by Partners Karen R. Pifer and Renee D. Naylor, along with support from Associate Daniel A. Rothenberg, advised Pebblebrook on the matter.

Honigman’s Hospitality practice attorneys advise and represent major stakeholders within the hospitality industry, including hotel owners, operators, developers, investors, real estate investment trusts (REITs), and restauranteurs throughout the United States.

Honigman advises clients on the acquisition, sale and finance of multimillion-dollar hotels located in urban markets in gateway cities across the country. Its attorneys represent clients in real estate portfolio management and optimize the value of properties through superior transaction and management execution.

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