Development Pipeline Scheduled for 2020

Margaritaville Island Resort San Diego

Pebblebrook Hotel Trust and Margaritaville Holdings Announce First Margaritaville Island Resort On the West Coast

ebblebrook Hotel Trust (NYSE: PEB) and Margaritaville Holdings today announced the global lifestyle brand's first west coast resort in San Diego, California. The Margaritaville Island Resort San Diego is expected to open in 2020. 

Margaritaville Island Resort San Diego ......

Photo by Pebblebrook Hotel Trust

Located on the 44-acre Vacation Island in Mission Bay, just 10 minutes from downtown San Diego, the site of the resort is currently home to Paradise Point Resort & Spa. Following extensive renovations and conversion of the existing property estimated at approximately $35 million, the Margaritaville Island Resort San Diego will feature 462 casita-style single-story guestrooms with a 'casual-luxe' design and stunning waterfront views with a mile of beachfront overlooking the marina and Mission Bay, signature Margaritaville food & beverage concepts and new recreational activities and family-friendly amenities. Adding to the impressive 80,000 square feet of meeting space, marina, spa, tennis courts and fitness center, the property's five pools and public spaces will be updated to reflect Margaritaville's "no worries" lifestyle. Davidson Hotels & Resorts will operate the property as Paradise Point Resort & Spa until the hotel is reflagged and will continue to manage the property following the completion of the renovation and rebranding program.

Pebblebrook Hotel Trust acquired Paradise Point Resort & Spa in 2018. Pebblebrook will assist with the transition along with the resort's current management company, Davidson Hotels & Resorts.

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Pebblebrook Hotel Trust is a publicly traded real estate investment trust ("REIT") organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 25 hotels, including 19 wholly owned hotels with a total of 4,615 guest rooms and a 49% joint venture interest in six hotels with a total of 1,733 guest rooms.

Margaritaville, a state of mind since 1977, is a global lifestyle brand inspired by Jimmy Buffett, whose songs evoke a passion for tropical escape and relaxation.