{
  "docId": "019dd923-5eff-723e-9be7-a786a68478f5",
  "docSlug": "b4d4f54e94d87ddb",
  "documentTitle": "2026 02 Investor Presentation",
  "authorId": "Pebblebrook",
  "authorName": "Pebblebrook Hotel Trust",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.333,
  "pageNumber": 15,
  "pageCount": 27,
  "prevPage": 14,
  "nextPage": 16,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "dense",
  "nDataPoints": 5,
  "notes": "The chart shows a bridge from 2025A Hotel EBITDA to a stabilized opportunity level.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "waterfall_chart",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5eff-723e-9be7-a786a68478f5/15",
  "deckHref": "/decks/019dd923-5eff-723e-9be7-a786a68478f5",
  "deckJsonHref": "/decks/019dd923-5eff-723e-9be7-a786a68478f5.json",
  "deckAnchorHref": "/decks/019dd923-5eff-723e-9be7-a786a68478f5#slide-15",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Over the next three years, the Company expects to deliver approximately $86M of incremental Hotel EBITDA, driven by the remaining ROI upside from recent major redevelopments, La Playa's post-hurricane ramp to stabilization, and the ongoing recovery in urban markets following impacts from the pandemic, fires, and other events.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-7da9-76f1-bb84-1f4435af86f4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.6,
        "w": 0.84,
        "x": 0.08,
        "y": 0.25
      },
      "kind": "chart",
      "text": "Waterfall chart showing growth from $351M to $437M via $6M, $10M, and $70M increments.",
      "attrs": null,
      "subkind": "waterfall",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bf1d4592-60d6-4da8-9217-260c1ead5986",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Hotel EBITDA: $86M",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-7da9-76f1-bb84-21321c48e277",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.92,
        "x": 0.04,
        "y": 0.12
      },
      "kind": "paragraph",
      "text": "Over the next three years, the Company expects to deliver approximately $86M of incremental Hotel EBITDA, driven by the remaining ROI upside from recent major redevelopments, La Playa's post-hurricane ramp to stabilization, and the ongoing recovery in urban markets following impacts from the pandemic, fires, and other events.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "acbabf68-3e97-4536-9886-f1868083a645",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.92,
        "x": 0.04,
        "y": 0.88
      },
      "kind": "source-note",
      "text": "Note: Any differences are due to rounding. (1) While La Playa's ramp-up is expected to benefit Hotel EBITDA, it would not add incremental AFFO/share upside, as lost EBITDA was offset by BI proceeds in 2025 (which are included in AFFO but excluded from Hotel EBITDA). (2) Includes all hotels owned by the Company as of December 31, 2025. (3) Reflects the remaining $10.5 million of Hotel EBITDA upside from La Playa, based on an estimated stabilized Hotel EBITDA of $35.0 million, with $24.5 million achieved in 2025.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "18caa801-66ef-4634-aa79-1d730befe902",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.45,
        "x": 0.04,
        "y": 0.06
      },
      "kind": "title",
      "text": "Multi-Year Growth Opportunity",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9a614b21-2bfb-4788-a3c6-8e73b20cda38",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "7b3cf409-13a2-40c8-93c2-6dd0a1fd3868",
      "evidence": "chart/waterfall: Waterfall chart showing growth from $351M to $437M via $6M, $10M, and $70M increments.",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 15,
      "from": 10,
      "beatId": "f8c67bd5-6794-4bfc-88e3-016792272197",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Solution & Approach",
      "beatSlug": "consultants-gambit-solution-approach",
      "evidence": "Outlines the encouraging fundamentals for urban markets and anticipated upside from continued urban recovery",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [
    {
      "to": 15,
      "from": 14,
      "name": "Before After",
      "slug": "21-before-after",
      "bestFor": "Product demos, process improvements, ROI justification",
      "matchId": "a740bd14-e291-43f7-ae52-2bddefb5bb83",
      "evidence": "Presents financial analysis and data to support the growth opportunity",
      "position": 2,
      "objective": "Show the growth opportunity from 2025 to 2026",
      "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta",
      "confidence": 0.6,
      "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}