Pebblebrook CEO: Supply-Demand Balance in Hotel REITβs Favor
Jon Bortz, chairman, president and CEO of Pebblebrook Hotel Trust (NYSE: PEB), joined REIT.com for a CEO Spotlight videoΒ ...
Co-President & Chief Investment Officer, Pebblebrook Hotel
Search every verified Thomas Fisher interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. In a September 2015 interview, Pebblebrook Hotel Trust chairman, president, and CEO Jon Bortz stated that the company was operating in a favorable environment where demand for hotels continued to outpace supply growth. Bortz attributed this to a global secular trend in travel growth and limited supply, noting that pricing power had been strong with rate increases in the four and a half to five percent range. He described the operating fundamentals as "terrific" and said the risk of a macroeconomic cycle change appeared "far off." Bortz also discussed the impact of a strong U.S. dollar on inbound travel, noting weakness from Japan and parts of Western Europe but strength from China, Asia, Africa, and parts of South America. He said Pebblebrook's focus was on acquiring hotels that would benefit from redevelopment and repositioning to provide a unique, locally relevant guest experience. Bortz indicated that the renovation cycle would continue, particularly if the company succeeded with additional acquisitions.
Jon Bortz, chairman, president and CEO of Pebblebrook Hotel Trust (NYSE: PEB), joined REIT.com for a CEO Spotlight videoΒ ...
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