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Rebrand and Revamp for Santa Monica Hotel

SANTA MONICA, Calif.

Pebblebrook Hotel Trust has announced that it will be re-branding its 310-room Sheraton Delfina Santa Monica as the Le Méridien Delfina Santa Monica. This conversion is expected to be completed in the fourth quarter of 2013. Viceroy Hotels and Resorts will continue to manage the property.

“We’re very excited about the up-branding of our Delfina Santa Monica hotel to the Le Méridien brand,” said Jon E. Bortz, Chairman, president and chief executive officer of Pebblebrook Hotel Trust. “Starwood and Viceroy have been excellent contributors to our success at this property and we believe they will continue their momentum with the fast-growing, upper upscale Le Méridien brand through a collaborative and integrated approach to design and service that aligns very well with what we are trying to accomplish at the property.”

In conjunction with the re-branding and repositioning, the Company expects to invest an additional $2.0 million for capital improvements in the hotel.