12 Best Hotel Stocks To Buy According to Analysts

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9. Pebblebrook Hotel Trust (NYSE:PEB)

Analyst Upside Potential: 24.12%

Number of Hedge Fund Holders: 23

Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust that owns urban and resort lifestyle hotels in the US. It owns around 46 hotels and resorts, translating to approximately 11,924 guest rooms across 12 urban and resort markets. The company has various hotel properties in its portfolio, including Chamberlain West Hollywood Hotel, George Hotel, Chaminade Resort & Spa, Embassy Suites San Diego Bay-Downtown, Hotel Monaco Washington DC, Estancia La Jolla Hotel & Spa, and others.

The company grew its same-property RevPAR by 2.2% in fiscal Q3 2024, driven by occupancy increases in both its urban and resort properties, gains at most of its recently redeveloped properties, and market share recovery. Total RevPAR increased by 2.7%, fueled by higher occupancy and greater out-of-room spending, which rose 3.8%. Although the broader industry experienced a normalizing of leisure travel trends, Pebblebrook Hotel Trust (NYSE:PEB) underwent occupancy gains due to the ongoing recovery of the business group and transient demand as well as strong urban and resort weekend leisure travel.

Pebblebrook Hotel Trust’s (NYSE:PEB) market outperformance highlights its portfolio’s success in driving market share. Its median price target of $12.09 implies an upside of 24.12% from current levels.

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