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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM 8-K</P>

<P STYLE="font: 18pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CURRENT REPORT</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934</P>

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    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; line-height: 115%; font-size: 10pt; text-align: center">Date of Report (Date of Earliest Event Reported): </TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; line-height: 115%; font-size: 10pt; text-align: center">March 16, 2012 (March 15, 2012 )</TD></TR>
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<P STYLE="font: 24pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PEBBLEBROOK HOTEL TRUST</P>

<P STYLE="font: 24pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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    <TD STYLE="width: 30%; padding-right: 0; padding-left: 0; line-height: 115%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 40%; padding-right: 0; padding-left: 0; line-height: 115%; font-size: 10pt; text-align: center; border-top: Black 1pt solid">(Exact name of registrant as specified in its charter)</TD>
    <TD STYLE="width: 30%; padding-right: 0; padding-left: 0; line-height: 115%; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
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<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 32%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 32%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 32%; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%; font-size: 10pt; text-align: center; border-bottom: Black 1pt solid">Maryland </TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="line-height: 115%; font-size: 10pt; text-align: center; border-bottom: Black 1pt solid">001-34571 </TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="line-height: 115%; font-size: 10pt; text-align: center; border-bottom: Black 1pt solid">27-1055421 </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%; font-size: 10pt; text-align: center">(State or other jurisdiction of incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="line-height: 115%; font-size: 10pt; text-align: center">(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="line-height: 115%; font-size: 10pt; text-align: center">(I.R.S. Employer Identification No.)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%; font-size: 10pt; text-align: center; border-bottom: Black 1pt solid">2 Bethesda Metro Center, Suite 1530,<BR>
 Bethesda, Maryland </TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="line-height: 115%; font-size: 10pt; text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid">20814 </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%; font-size: 10pt; text-align: center">(Address of principal executive offices) </TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="line-height: 115%; font-size: 10pt; text-align: center">(Zip Code) </TD></TR>
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<TR>
    <TD STYLE="vertical-align: top; line-height: 115%; font-size: 10pt; text-align: left; width: 50%; padding-left: 0.48in">Registrant&rsquo;s telephone number, including area code: </TD>
    <TD STYLE="vertical-align: bottom; width: 5%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; line-height: 115%; font-size: 10pt; text-align: left; width: 45%">(240) 507-1300 </TD></TR>
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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Not Applicable</P>

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    <TD STYLE="width: 25%; padding-right: 0; padding-left: 0; line-height: 115%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 50%; padding-right: 0; padding-left: 0; line-height: 115%; font-size: 10pt; text-align: center; border-top: Black 1pt solid">Former name or former address, if changed since last report </TD>
    <TD STYLE="width: 25%; padding-right: 0; padding-left: 0; line-height: 115%; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">  <FONT STYLE="font-family: Wingdings 2">&#163;&nbsp;</FONT>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Wingdings 2">&#163;&nbsp;</FONT>Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Wingdings 2">&#163;&nbsp;</FONT>Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">  <FONT STYLE="font-family: Wingdings 2">&#163;&nbsp;</FONT>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 7.01. Regulation FD Disclosure.</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">On March 15, 2012, Pebblebrook
Hotel Trust (the &ldquo;Company&rdquo;) issued a press release announcing that its Board of Trustees has declared cash dividends
per share of its common and preferred shares of beneficial interest.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">A copy of the press release is
furnished as Exhibit 99.1 to this report and is incorporated by reference herein.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 8.01. Other Events.</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">On March 15, 2012, the Board of
Trustees of the Company (the &ldquo;Board&rdquo;) declared a dividend of $0.12 per common share of beneficial interest, par value
$0.01 per share (&ldquo;Common Shares&rdquo;), of the Company for the quarter ending March 31, 2012 (the &ldquo;Common Dividend&rdquo;).</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">On March 15, 2012, the Board also
declared a quarterly dividend of $0.4921875 per share on its 7.875% Series A Cumulative Redeemable Preferred Shares of Beneficial
Interest, $0.01 par value per share, of the Company (&ldquo;Series A Preferred Shares&rdquo;) for the quarter ending March 31,
2012 (the &ldquo;Series A Preferred Dividend&rdquo;).</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">On March 15, 2012, the Board also
declared a quarterly dividend of $0.50 per share on its 8.0% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest,
$0.01 par value per share, of the Company (&ldquo;Series B Preferred Shares&rdquo;) for the quarter ending March 31, 2012 (the
&ldquo;Series B Preferred Dividend&rdquo;).</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">The Common Dividend is payable
on April 16, 2012 to holders of record of Common Shares as of the close of business on March 30, 2012 (the &ldquo;Record Date&rdquo;).</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">The Series A Preferred Dividend
is payable on April 16, 2012 to holders of record of Series A Preferred Shares as of the Record Date. The Series A Preferred Dividend
represents a rate of 7.875% per annum of the $25 per share liquidation preference (equivalent to $1.96875 per annum per share).</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">The Series B Preferred Dividend
is payable on April 16, 2012 to holders of record of Series B Preferred Shares as of the Record Date. The Series B Preferred Dividend
represents a rate of 8.0% per annum of the $25 per share liquidation preference (equivalent to $2.00 per annum per share).</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">This Current Report on Form 8-K
contains statements that are &ldquo;forward-looking statements&rdquo; within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor provisions of the Private
Securities Reform Act of 1995. These forward-looking statements relate to the payment of the dividends. Forward-looking statements
are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections
or other forward-looking information.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt"></P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">These forward-looking statements
are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company&rsquo;s
control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but
are not limited to, the state of the U.S. economy, supply and demand in the hotel industry and other factors as are described in
greater detail in the Company&rsquo;s filings with the Securities and Exchange Commission (&ldquo;SEC&rdquo;), including, without
limitation, the Company&rsquo;s Annual Report on Form 10-K for the year ended December 31, 2011. Unless legally required, the Company
disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01. Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt"><I>(d) Exhibits</I></P>

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<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 88%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="3" STYLE="border-bottom: black 1pt solid; line-height: 115%; font-size: 10pt; font-weight: bold; text-align: center">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD NOWRAP STYLE="border-bottom: black 1pt solid; line-height: 115%; font-size: 10pt; font-weight: bold">Description</TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; line-height: 115%; font-size: 10pt; text-align: right">99.1</TD>
    <TD NOWRAP STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; line-height: 115%; font-size: 10pt">Press release issued March 15, 2012.</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES </B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 20%">&nbsp;</TD>
    <TD STYLE="width: 30%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 46%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; line-height: 115%; font-size: 10pt">PEBBLEBROOK HOTEL TRUST </TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; line-height: 115%; font-size: 10pt; font-style: italic"><I>March 16, 2012 </I></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; line-height: 115%; font-size: 10pt; font-style: italic"><I>By: </I></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; line-height: 115%; font-size: 10pt; font-style: italic"><I>/s/ Raymond D. Martz </I></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center"><HR SIZE="1" NOSHADE ALIGN="CENTER" STYLE="width: 100%; color: #A0A0A0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; line-height: 115%; font-size: 10pt; font-style: italic"><I>Name: Raymond D. Martz </I></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; line-height: 115%; font-size: 10pt; font-style: italic"><I>Title: Executive Vice President, Chief Financial Officer, Treasurer and Secretary </I></TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Exhibit Index</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="width: 60%; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 80%; line-height: 115%; font-size: 10pt"><BR STYLE="mso-special-character: line-break"><BR STYLE="mso-special-character: line-break">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="line-height: 115%; font-size: 10pt; font-weight: bold; border-bottom: Black 1pt solid"><B>Exhibit No. </B></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="line-height: 115%; font-size: 10pt; font-weight: bold; border-bottom: Black 1pt solid"><B>Description </B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD NOWRAP STYLE="font-size: 10pt">&nbsp;</TD></TR>
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    <TD NOWRAP STYLE="vertical-align: top; line-height: 115%; font-size: 10pt">99.1</TD>
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    <TD STYLE="vertical-align: top; line-height: 115%; font-size: 10pt">Press release issued March 15, 2012. </TD></TR>
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[{"type": "8-K", "sequence": "1", "filename": "v306273_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 23917}]
{"company-data": {"conformed-name": "Pebblebrook Hotel Trust", "cik": "0001474098", "assigned-sic": "6798", "irs-number": "271055421", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-34571", "film-number": "12698418"}, "business-address": {"street1": "2 BETHESDA METRO CENTER", "street2": "SUITE 1530", "city": "BETHESDA", "state": "MD", "zip": "20814", "phone": "240-507-1300"}, "mail-address": {"street1": "2 BETHESDA METRO CENTER", "street2": "SUITE 1530", "city": "BETHESDA", "state": "MD", "zip": "20814"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
March 16, 2012 (March 15, 2012 )
PEBBLEBROOK HOTEL TRUST
(Exact name of registrant as specified in its charter)
Maryland
001-34571
27-1055421
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
2 Bethesda Metro Center, Suite 1530,
Bethesda, Maryland
20814
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code:
(240) 507-1300
Not Applicable
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
£
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
£
Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
£
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
£
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01. Regulation FD Disclosure.
On March 15, 2012, Pebblebrook
Hotel Trust (the "Company") issued a press release announcing that its Board of Trustees has declared cash dividends
per share of its common and preferred shares of beneficial interest.
A copy of the press release is
furnished as Exhibit 99.1 to this report and is incorporated by reference herein.
Item 8.01. Other Events.
On March 15, 2012, the Board of
Trustees of the Company (the "Board") declared a dividend of $0.12 per common share of beneficial interest, par value
$0.01 per share ("Common Shares"), of the Company for the quarter ending March 31, 2012 (the "Common Dividend").
On March 15, 2012, the Board also
declared a quarterly dividend of $0.4921875 per share on its 7.875% Series A Cumulative Redeemable Preferred Shares of Beneficial
Interest, $0.01 par value per share, of the Company ("Series A Preferred Shares") for the quarter ending March 31,
2012 (the "Series A Preferred Dividend").
On March 15, 2012, the Board also
declared a quarterly dividend of $0.50 per share on its 8.0% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest,
$0.01 par value per share, of the Company ("Series B Preferred Shares") for the quarter ending March 31, 2012 (the
"Series B Preferred Dividend").
The Common Dividend is payable
on April 16, 2012 to holders of record of Common Shares as of the close of business on March 30, 2012 (the "Record Date").
The Series A Preferred Dividend
is payable on April 16, 2012 to holders of record of Series A Preferred Shares as of the Record Date. The Series A Preferred Dividend
represents a rate of 7.875% per annum of the $25 per share liquidation preference (equivalent to $1.96875 per annum per share).
The Series B Preferred Dividend
is payable on April 16, 2012 to holders of record of Series B Preferred Shares as of the Record Date. The Series B Preferred Dividend
represents a rate of 8.0% per annum of the $25 per share liquidation preference (equivalent to $2.00 per annum per share).
This Current Report on Form 8-K
contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor provisions of the Private
Securities Reform Act of 1995. These forward-looking statements relate to the payment of the dividends. Forward-looking statements
are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections
or other forward-looking information.
These forward-looking statements
are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company's
control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but
are not limited to, the state of the U.S. economy, supply and demand in the hotel industry and other factors as are described in
greater detail in the Company's filings with the Securities and Exchange Commission ("SEC"), including, without
limitation, the Company's Annual Report on Form 10-K for the year ended December 31, 2011. Unless legally required, the Company
disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.1
Press release issued March 15, 2012.
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
PEBBLEBROOK HOTEL TRUST
March 16, 2012
By:
/s/ Raymond D. Martz
Name: Raymond D. Martz
Title: Executive Vice President, Chief Financial Officer, Treasurer and Secretary
Exhibit Index
Exhibit No.
Description
99.1
Press release issued March 15, 2012.