Pebblebrook Hotel Trust announced that several of its resorts were impacted by Hurricane Helene, which began affecting properties on September 26, 2024. The 189-room LaPlaya Beach Resort & Club in Naples, Florida, sustained damage, with its Beach House building (79 guestrooms) currently closed for repairs due to water infiltration on the ground floor.
However, two other guestroom buildings, the Gulf Tower and Bay Tower, along with BALEEN Naples restaurant, are open and operational. The Jekyll Island Club Resort in Georgia experienced minor damage and a temporary power outage but is now operating normally.
The Company anticipates that repair and remediation costs will not be material, expecting property and flood insurance to mitigate the financial impact. Other southern Florida resorts affected by the hurricane are fully operational, with any necessary repair costs also not expected to be material.
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