Item 7.01. Regulation FD Disclosure.

On September 14, 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 September 14, 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 September 30, 2012 (the "Common Dividend").

On September 14, 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 September 30, 2012 (the "Series A Preferred Dividend").

On September 14, 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 September 30, 2012 (the "Series B Preferred Dividend").

The Common Dividend is payable on October 15, 2012 to holders of record of Common Shares as of the close of business on September 28, 2012 (the "Record Date").

The Series A Preferred Dividend is payable on October 15, 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 October 15, 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 September 14, 2012.

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