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NOBLE HOUSE HOTELS & RESORTS ANNOUNCES NEW MANAGEMENT AGREEMENTS FOR THE ARGONAUT AND HOTEL ZOE IN SAN FRANCISCO

SEATTLE, Wash. – Noble House Hotels & Resorts, Ltd. – a collection of luxury hotels and resorts – has assumed management of the Argonaut Fisherman’s Wharf Hotel and Hotel Zoe in San Francisco. The hotels bring the Noble House Hotels & Resorts (NHHR) hospitality portfolio to 18 properties.

“We’re happy to welcome these two distinctive properties into the Noble House collection,” said Pat Colee, Noble House Founder and Chairman of the Board. “With these hotels, we are continuing our focus on building our brand portfolio and growing in attractive regions within the U.S. We look forward to our ongoing relationship with Pebblebrook Hotel Trust.”

Noble House is committed to employee growth and retention, and values the current teams’ dedication to the Argonaut and Hotel Zoe San Francisco. Both hotels will retain all employees, maintaining the strength of the personnel that run the properties seamlessly on a daily basis.

The 252-room Argonaut Fisherman’s Wharf Hotel is located along the popular Fisherman's Wharf, situated in the San Francisco Maritime National Park and is home to the park's Visitors Center and Interactive Museum. Hotel Zoe San Francisco is in close proximity to Ghirardelli Square, Pier 39, cable cars, bay cruises and the clubs and cafes of North Beach.

About Noble House Hotels & Resorts
Noble House Hotels & Resorts, Ltd., has been a privately held company for more than 30 years, originally founded in 1979 by owner Patrick R. Colee as a commercial property development group. Officially transitioned in 1994, this Seattle, Wash. based corporation owns and manages an upscale portfolio of 18 distinct and visually captivating properties spanning the four coastal corners of America with the newly refurbished Kona Kai Resort & Spa, California, Little Palm Island Resort & Spa in the Florida Keys, and The Edgewater in Seattle, Wash. With a philosophy that emphasizes “location, distinction and soul,” Noble House Hotels & Resorts exemplifies individuality, dedicating itself to creating and managing exceptional properties that contribute to their communities, stay true to local history, culture and ambiance. For more information, visit www.NobleHouseHotels.com or call Noble House Hotels & Resorts at 877.NOBLE.TRIP.

About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust (NYSE:PEB) 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 37 hotels, including 31 wholly owned hotels with a total of 7,408 guest rooms and a 49% joint venture interest in six hotels with a total of 1,787 guest rooms. The Company owns, or has an ownership interest in, hotels located in 11 states and the District of Columbia, including: San Francisco, California; Los Angeles, California (Beverly Hills, Hollywood, Santa Monica and West Hollywood); Boston, Massachusetts; New York, New York; San Diego, California; Portland, Oregon; Buckhead, Georgia; Naples, Florida; Seattle, Washington; Miami, Florida; Washington, DC; Philadelphia, Pennsylvania; Columbia River Gorge, Washington; Nashville, Tennessee; Bethesda, Maryland and Minneapolis, Minnesota. For more information, please visit us at www.pebblebrookhotels.com.