Changed Risks for PEBBLEBROOK HOTEL TRUST (PEB^C)

Here are risks that changed year over year. risks from the recent filings of PEBBLEBROOK HOTEL TRUST. Our algorithms work hard to highlight risks unique to this company.

Economic conditions may reduce demand for hotel properties and adversely affect hotel profitability

The prohibited transactions tax may limit our ability to engage in transactions, including dispositions of assets that would be treated as sales for US federal income tax purposes

The ability of our board of trustees to revoke our REIT qualification without shareholder approval may subject us to US federal and state income tax and reduce distributions to our shareholders

We could face adverse tax consequences if LaSalle failed to qualify as a REIT prior to the merger

Changes in the method of determining the London Interbank Offered Rate (“LIBOR”), or the replacement of LIBOR with an alternative reference rate, may adversely affect our financial results

Some of our hotels are subject to rights of first offer which may adversely affect our ability to sell those properties on favorable terms or at all

US Federal Income Tax Risk Factors

The change of control conversion and redemption features of the Series C Preferred Shares, the Series D Preferred Shares, the Series E Preferred Shares and the Series F Preferred Shares may make it more difficult for a party to take over our company or discourage a party from taking over our company

Our failure to maintain our qualification as a REIT would result in higher taxes and reduced cash available for distribution to our shareholders

If the leases of our hotel properties to our TRS lessees are not respected as true leases for US federal income tax purposes, we would fail to qualify as a REIT and would be subject to higher taxes and have less cash available for distribution to our shareholders

Our hotel properties may contain or develop harmful mold, which could lead to liability for adverse health effects and costs of remediating the problem

If our Operating Partnership failed to qualify as a partnership for US federal income tax purposes, we would cease to qualify as a REIT and would be subject to higher taxes and have less cash available for distribution to our shareholders and suffer other adverse consequences

If our TRSs fail to qualify as TRSs for US federal income tax purposes or our hotel managers do not qualify as “eligible independent contractors,” we would fail to qualify as a REIT