Pebblebrook Hotel Trust adds two trustees, adopts board refreshment plan

Pebblebrook Hotel Trust (NYSE: PEB) announced the election of Nina P. Jones and Bill Bayless to its board of trustees, according to a company statement. Jones will join the board March 1, 2026, while Bayless is expected to join during the fourth quarter of 2026.

Jones retired from T. Rowe Price, where she served as vice president and portfolio manager of the U.S. Real Estate Equity Strategy. She brings more than 15 years of real estate investing experience and currently serves as a director of Simon Property Group (NYSE: SPG) and as a trustee of Equity Residential (NYSE: EQR).

Bayless serves as chief executive officer of Maslow Campus Communities and co-founded American Campus Communities, a REIT that was sold to Blackstone for nearly $13 billion in 2022. Over his career spanning more than 35 years, he has been involved in nearly $30 billion in real estate transactions.

The company also adopted a new principles-based board refreshment framework designed to balance planned refreshment with ongoing evaluation. The framework targets an average independent trustee tenure of 12 years or less by the 2027 shareholder meeting and includes annual board composition reviews and rolling succession plans.

To align with the 12-year tenure goal, Ron E. Jackson announced he will not stand for re-election at the 2026 annual meeting. One other current independent trustee is expected not to seek re-election at the 2027 annual meeting.

Pebblebrook Hotel Trust owns 44 hotels totaling approximately 11,000 guest rooms across 13 urban and resort markets in the United States.

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